(Loan Quantum) THE OTHER WAIVER - Calcutta Telegraph
At about the time this report was being put together, quite a few of the country’s scheduled commercial banks were under heavy fire allegedly because of their inability to register adequate profits. The disappointing performance of these banks was undoubtedly due to the poor record of the recovery of loans of the size of Rs 1 crore or more. If one were to add the interest accumulation over the past dozen years, the banks at this moment are entitled to demand from the big-shot defaulters a sum well exceeding Rs 200,000 crore. One such suggestion was that in case the defaulters were joint stock or corporate entities, they should be blacklisted and debarred from further accommodation from any banks in the country; in case they were individuals, they and their near relatives should be accorded the same treatment. Learn more
No Tags