NCLT
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.
ED Attaches Rs 1,452 Crore Assets in Anil Ambani's Reliance Group Bank Fraud Investigation
Nov 20, 2025 11:04 pm CST
The Enforcement Directorate has attached fresh assets worth Rs 1,452 crore in the ongoing bank fraud investigation against Anil Ambani's Reliance Group, bringing the total attached properties to Rs 8,997 crore. The case involves allegations of fund diversion, loan evergreening, and financial irregularities by Reliance Communications and related entities, with outstanding dues amounting to Rs 40,185 crore.
Anil Ambani's Reliance Group Confirms Business Operations Unaffected by ED's Rs 7,500 Crore Property Attachment
Nov 05, 2025 03:02 am CST
Reliance Group has clarified that ED's attachment of Rs 7,500 crore worth of properties has no impact on its listed companies' operations. Most attached assets belong to Reliance Communications, which has been under insolvency proceedings for six years and is no longer part of the group. Both Reliance Infrastructure and Reliance Power remain debt-free with substantial assets and continue normal business operations despite the ongoing investigation.