bank liquidity
Indian Public Sector Banks Write Off Rs 6.15 Lakh Crore in Loans: Recovery Challenges and Financial Strategies
Dec 08, 2025 06:44 pm CST
Public sector banks in India have written off loans worth Rs 6.15 lakh crore over five financial years through September 2025, according to Reserve Bank of India data. Despite recovering only Rs 1.65 lakh crore from these write-offs, the government has not injected capital since FY 2022-23 as banks raise market funding and show improved profitability. Finance Minister Pankaj Chaudhary clarified that write-offs don't constitute loan waivers and recovery efforts continue through various legal mechanisms.
Gaza's Cash Crisis: Palestinians Face Empty Banks Despite Ceasefire and Reopened Financial Institutions
Oct 31, 2025 04:00 pm CST
Despite the recent ceasefire in Gaza and the reopening of banks, Palestinians are struggling with a severe cash shortage as Israel continues blocking banknote transfers. Residents face exorbitant fees from merchants offering to cash electronic salaries, with rates reaching 40%. The financial crisis compounds existing hardships for a population already devastated by two years of conflict, loss of homes, and depleted savings.