Rs. 2.4 Lakh Crore Loans Written Off In Over 3 Years
Mumbai: Public sector banks (PSBs) wrote off Rs. 2.41 lakh crore worth of loans in over three years, between April 2014 and September 2017. This was disclosed by minister of state for finance Shiv Pratap Shukla said in a written reply in Parliament on Tuesday.
The disclosure came under strong criticism from Bengal chief minister and Trinamool Congress chief Mamata Banerjee. "I am shocked to see that at a time, when the farmers in the country are crying and committing suicide for their loan burden and asking for waiver of farmers' loan, the Government of India have not even considered that," the West Bengal chief minister said in a Facebook post.
In his reply to the Rajya Sabha, the union finance minister of state said that writing off non-performing assets (NPAs) or bad loans is a regular exercise conducted by banks to clean up their balance sheet and to achieve taxation efficiency.
"As per Reserve Bank of India (RBI) data on global operations, public sector banks have written-off (including compromise) an amount of Rs. 2,41,911 crore from financial year 2014-15 till September 2017," the minister said.
Borrowers, however, continue to be liable for repayment despite the write-off, the minister added.
Bank write off is the deduction in the value of earnings by the amount of an expense or loss. It means to remove loans from their balance sheets only and reduce the overall tax liability.
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Devine’s all-round brilliance trumps Nandini’s hat-trick as GG edge DC by 4 runs
Navi Mumbai (PTI): Nandini Sharma’s maiden hat-trick went in vain as Sophie Devine starred with a breathtaking 95 and a superb final over under pressure to steer Gujarat Giants to a thrilling four-run win off the last ball over Delhi Capitals in a Women’s Premier League match here on Sunday.
This was Gujarat Giants' second win on the trot, while DC slipped to their second loss.
Sent in to bat, Giants opener Devine smashed seven fours and eight sixes in her 42-ball knock, adding 94 runs for the opening wicket with Beth Mooney (19) to set the platform.
Skipper Ashleigh Gardner kept the momentum going with a brisk 49 off 26 balls, but Nandini turned the tide with remarkable figures of 5 for 33, including a hat-trick, as Gujarat were bowled out for 209.
Chasing a stiff target, opener Lizelle Lee struck a scintillating 86 off 54 balls, studded with 12 fours and three sixes. She put on 41 runs with Shafali Verma (14) before adding 90 off 55 balls with Laura Wolvaardt (77 off 38) to keep Delhi firmly in the hunt.
Once Lee was dismissed by Kashvee Gautam (1/48) in the 15th over, Rajeshwari Gayakwad removed Chinelle Henry (7) to leave Delhi at 146 for three.
Needing 64 off the last 25 balls, skipper Jemimah Rodrigues (15) joined Wolvaardt as the pair plundered 58 runs in 23 balls to bring the equation down to seven off the final five deliveries.
Devine then returned to the spotlight, dismissing both batters and conceding just two runs in the final over to seal a dramatic win.
Earlier, Devine set the tone early, striking three fours off Chinelle Henry before taking Nandini apart with two fours and a six in the fourth over. She was particularly severe on Sneh Rana, hammering two fours and four successive sixes in an over that yielded 32 runs and powered Gujarat Giants to 80 without loss in the powerplay.
The New Zealander brought up her half-century in just 25 balls before Shree Charani broke the opening stand with a sharp caught-and-bowled effort in the ninth over to remove Mooney. Devine briefly regained control, hitting Charani for three sixes, but fell in the 11th over bowled by Nandini Sharma.
Skipper Ashleigh Gardner kept Gujarat Giants on course with a brisk 49 off 26 balls, smashing four boundaries and three sixes to take the side past the 200-mark.
Jemimah Rodrigues pulled off a fine catch to dismiss Georgia Wareham (3), while Henry removed Gardner and Bharti Fulmali (3).
Nandini then capped a memorable outing by picking up four wickets in the final over, including three off the last three balls, to complete her maiden hat-trick.
