By means of PTI
NEW DELHI: Banks have written off Rs 11.17 lakh crore dangerous loans from their books within the closing six years until monetary 12 months 2021-22, Parliament was once knowledgeable on Tuesday.
The non-performing property (NPAs), together with the ones in appreciate of which complete provisioning has been made on of entirety of 4 years, are got rid of from the stability sheet of the financial institution involved by the use of write-off, Minister of State for Finance Bhagwat Karad mentioned in a written answer.
Banks write off NPAs as a part of their common workout to wash up their stability sheet, avail tax get advantages and optimise capital, he mentioned, including, the write-off is performed by means of the banks according to RBI tips and coverage authorized by means of their forums.
“As in line with RBI information, public sector banks (PSBs) and scheduled industrial banks (SCBs) wrote off an mixture quantity of Rs 8,16,421 crore and Rs 11,17,883 crore respectively all the way through the closing six monetary years,” he mentioned.
In regards to the listing, together with names of write-offs/defaulters who’ve defaulted greater than Rs 1 crore to the general public sector banks, RBI has knowledgeable that borrower-wise knowledge on written off mortgage accounts isn’t maintained by means of it, he mentioned.
In respond to any other query, Karad mentioned, the Reserve Financial institution of India (RBI) has knowledgeable that the overall selection of wilful defaulters every having remarkable mortgage of Rs 25 lakh and above in public sector banks was once 8,045 as on June 30, 2017 and 12,439 as on June 30, 2022; while in personal sector financial institution, it was once 1,616 as on June 30, 2017 and a couple of,447 as on June 30, 2022.
He additional mentioned, “RBI has knowledgeable that as on 30.6.2017, there have been 8,744 suit-filed wilful defaulters and 917 non-suit-filed wilful defaulters in private and non-private sector banks, and as on 30.6.2022, the similar stands at 14,485 and 401 respectively.”
The listing of suit-filed wilful defaulters of Rs 25 lakh and above is to be had within the public area on the internet sites of the Credit score Data Corporations (CICs) and that of non-suit filed wilful defaulters is confidential in nature and aren’t in public area.
The Enforcement Directorate (ED) has knowledgeable that 515 fraud circumstances, together with circumstances associated with wilful defaulters, had been recorded since Might 1, 2017 beneath the provisions of Prevention of Cash Laundering Act (PMLA), 2002.
As on December 15, 2022, he mentioned, in those circumstances, property price Rs 44,992 crore (approx.) had been connected and 39 prosecution proceedings had been filed by means of the Directorate.
Additional, as on December 15, 2022, property price Rs 19,312.20 crore of wilful defaulters like Vijay Mallya, Nirav Modi and Mehul Choksi had been connected since Might 2017 by means of the ED beneath PMLA, 2002, out of which, property price Rs 15,113 crore had been restituted to the general public sector banks, he mentioned.
Banks themselves write off NPAs as a part of their common workout to wash up their stability sheet, avail tax get advantages and optimise capital, according to RBI tips and coverage authorized by means of their forums, he mentioned.
Replying to any other query, Karad mentioned Scheduled Industrial Banks have recovered an mixture quantity of Rs 6,59,596 crore, together with the restoration of Rs 1,32,036 crore from written-off mortgage accounts all the way through the closing 5 monetary years as in line with the RBI information.
In respond to any other query, he mentioned, the overall quantity of recapitalisation by means of the federal government in banks all the way through closing 5 monetary years is Rs 2,90,600 crore, together with recapitalisation of Rs 4,557 crore in IDBI Financial institution Ltd, which has been categorized as personal sector financial institution by means of RBI on January 21, 2019.
Within the monetary 12 months 2021-22 and primary part of the monetary 12 months 2022-23, he mentioned, PSBs have reported mixture internet benefit of Rs 66,543 crore and Rs 40,992 crore respectively.
NEW DELHI: Banks have written off Rs 11.17 lakh crore dangerous loans from their books within the closing six years until monetary 12 months 2021-22, Parliament was once knowledgeable on Tuesday.
The non-performing property (NPAs), together with the ones in appreciate of which complete provisioning has been made on of entirety of 4 years, are got rid of from the stability sheet of the financial institution involved by the use of write-off, Minister of State for Finance Bhagwat Karad mentioned in a written answer.
Banks write off NPAs as a part of their common workout to wash up their stability sheet, avail tax get advantages and optimise capital, he mentioned, including, the write-off is performed by means of the banks according to RBI tips and coverage authorized by means of their forums.
“As in line with RBI information, public sector banks (PSBs) and scheduled industrial banks (SCBs) wrote off an mixture quantity of Rs 8,16,421 crore and Rs 11,17,883 crore respectively all the way through the closing six monetary years,” he mentioned.
In regards to the listing, together with names of write-offs/defaulters who’ve defaulted greater than Rs 1 crore to the general public sector banks, RBI has knowledgeable that borrower-wise knowledge on written off mortgage accounts isn’t maintained by means of it, he mentioned.
In respond to any other query, Karad mentioned, the Reserve Financial institution of India (RBI) has knowledgeable that the overall selection of wilful defaulters every having remarkable mortgage of Rs 25 lakh and above in public sector banks was once 8,045 as on June 30, 2017 and 12,439 as on June 30, 2022; while in personal sector financial institution, it was once 1,616 as on June 30, 2017 and a couple of,447 as on June 30, 2022.
He additional mentioned, “RBI has knowledgeable that as on 30.6.2017, there have been 8,744 suit-filed wilful defaulters and 917 non-suit-filed wilful defaulters in private and non-private sector banks, and as on 30.6.2022, the similar stands at 14,485 and 401 respectively.”
The listing of suit-filed wilful defaulters of Rs 25 lakh and above is to be had within the public area on the internet sites of the Credit score Data Corporations (CICs) and that of non-suit filed wilful defaulters is confidential in nature and aren’t in public area.
The Enforcement Directorate (ED) has knowledgeable that 515 fraud circumstances, together with circumstances associated with wilful defaulters, had been recorded since Might 1, 2017 beneath the provisions of Prevention of Cash Laundering Act (PMLA), 2002.
As on December 15, 2022, he mentioned, in those circumstances, property price Rs 44,992 crore (approx.) had been connected and 39 prosecution proceedings had been filed by means of the Directorate.
Additional, as on December 15, 2022, property price Rs 19,312.20 crore of wilful defaulters like Vijay Mallya, Nirav Modi and Mehul Choksi had been connected since Might 2017 by means of the ED beneath PMLA, 2002, out of which, property price Rs 15,113 crore had been restituted to the general public sector banks, he mentioned.
Banks themselves write off NPAs as a part of their common workout to wash up their stability sheet, avail tax get advantages and optimise capital, according to RBI tips and coverage authorized by means of their forums, he mentioned.
Replying to any other query, Karad mentioned Scheduled Industrial Banks have recovered an mixture quantity of Rs 6,59,596 crore, together with the restoration of Rs 1,32,036 crore from written-off mortgage accounts all the way through the closing 5 monetary years as in line with the RBI information.
In respond to any other query, he mentioned, the overall quantity of recapitalisation by means of the federal government in banks all the way through closing 5 monetary years is Rs 2,90,600 crore, together with recapitalisation of Rs 4,557 crore in IDBI Financial institution Ltd, which has been categorized as personal sector financial institution by means of RBI on January 21, 2019.
Within the monetary 12 months 2021-22 and primary part of the monetary 12 months 2022-23, he mentioned, PSBs have reported mixture internet benefit of Rs 66,543 crore and Rs 40,992 crore respectively.