You are here: Home » Opinion » Columns
The absent voices of development economics
Vindication for Tatas
Business Standard

Banks brace for fresh round of war against NPAs

As it prepares to bring to a close the most difficult year in history, the banking industry is gearing up to tackle a fresh bout of bad loans

Topics
Indian Banks | Non-performing assets | Bad loans

Tamal Bandyopadhyay  |  New Delhi 



Tamal Bandyopadhyay

Last year, as a pandemic struck the economy hard, all proceedings against loan defaulters under the were suspended, initially till September 2020 and later, through two extensions, till March 24, 2021. Now, the insolvency proceedings at the bankruptcy courts will resume with vigour, although the threshold of a default has been raised from Rs 100,000 to Rs 1 crore to protect small businesses, which have not been able to service bank loans in troubled times.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Sun, March 28 2021. 21:38 IST

RECOMMENDED FOR YOU

.