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 โ€œno leniencyโ€ in recovering bad loans from large defaulters, with the Enforcement Directorate (ED) attaching properties worth โ‚น64,920 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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