Tag Archives: non-performing assets

Strict measures for recovering bad loans, especially from major defaulters: Nirmala Sitharaman

No Leniency in Recovering Bad Loans, Especially from Big Defaulters: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman emphasized on Friday that there has been “no leniency” in recovering bad loans from large defaulters, with the Enforcement Directorate (ED) attaching properties worth ₹64,920 crore from 1,105 such defaulters under investigation. Sitharaman's remarks came amidst opposition claims of loan waivers for industrialists during the Modi government, which she refuted in a series of posts on X, the social media platform formerly known as Twitter.

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