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NPA tag for 738 loan accounts in 2018-19: Anurag Thakur

These accounts had an exposure of Rs 100 crore or more with state-run banks, MoS for finance tells Lok Sabha.

ET Bureau|
Updated: Jul 16, 2019, 10.14 AM IST
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PTI
Anurag---PTI
Minister of sate for finance Anurag Thakur
NEW DELHI: Loan accounts of 738 borrowers having exposure of Rs 100 crore or more with state-run lenders were classified as bad loans in 2018-19, minister of sate for finance Anurag Thakur said in reply to a question in Lok Sabha on Monday. There were 792 unique borrowers in the previous fiscal.

The provisional data for 2018-19 has been provided by the Reserve Bank of India, Thakur said. As per the provisional data for 2018-19, there were 48 borrowers with exposure of Rs 10,000 crore or more to state-run lenders, the minister said in his reply.

“Under the PSB Reforms Agenda, PSBs have created stressed asset management verticals to focus attention on recovery, segregated monitoring from sanctioning roles in high-value loans, and entrusted monitoring of loan accounts of above Rs 250 crore to specialised monitoring agencies for clean and effective monitoring,” the finance minister said, adding an online end-to-end one-time settlement platform has been created for timely and better realisation.

“PSBs have recovered Rs 3.09 lakh crore over the last four financial years, including record recovery of Rs 1.21 lakh crore during financial year (FY) 2018-19,” he said.

RESOLVING PROJECTS
In a separate reply, Thakur said more than 3,191 issues raised on the PMG portal regarding 725 projects, with an anticipated investment of Rs 29.88 lakh crore, were resolved till January 1 this year.

“Further, inter-ministerial groups were constituted by the nodal ministries concerned for shipping, textile, power, telecommunications, renewable energy and MSMEs sectors to examine systemic issues affecting viability and repayment capacity of the sectors,” the minister said.

He also said the government has no plans to privatise regional rural banks (RRBs) and amalgamation of RRBs within a state has been carried out with a view to enable RRBs to minimise their overhead expenses, optimise the use of technology, enhance the capital base and area of operation and increase their exposure.

GST-COLLECTION


GST COLLECTIONS
Finance minister Nirmala Sitharaman told the Lok Sabha that the Goods & Services Tax (GST) collection of states and Union Territories (UTs) increased to Rs 5.18 lakh crore in the full financial year (2018-19), up from Rs 2.91 lakh crore collected in nine months of 2017-18.

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