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Showing posts from December, 2017

Which are the main banks in India holding NPAs?

There are many public sector banks in India which has incompetent management that has shelled out free money in the form of loans to fraudulent companies. Now these loans are obviously in default as the originators have filled their overseas coffers with that money. The main incompetent banks are  State Bank of India Bank of Maharashtra IDBI Bank Indian Overseas Bank UCO Bank Central Bank of India and the list keeps going on...... Total of Rupees 10,000 Crore is in Non performing assets. Now most of these cases will go to NCLT National Company Law tribunal which will decide these cases in Indian bankruptcy court (IBC).  Most bank will only get 1% of the outstanding money lent if they are lucky otherwise it is a total loss. A bunch of crooks at the banks.