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No tolerance for bad loan recovery, particularly from big defaulters:Nirmala Sitharaman

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New Delhi: The Enforcement Directorate (ED) has so far attached assets worth Rs. 64,920 crore from 1,105 such defaulters under its scrutiny, according to Finance Minister Nirmala Sitharaman, who stated on Friday that there has been “no leniency” in recovering bad loans from huge defaulters and that the process is ongoing.

The Finance Minister denied the Opposition’s allegation that loans to industrialists were waived under the Modi administration in a series of tweets on X.

The Opposition, which is accustomed to disseminating false information, falsely asserts that industrialists have had their loans “waiver”ed. It’s unfortunate that opposition leaders still can’t tell the difference between write-offs and waivers, even if they consider themselves to be “experts” in banking and the economy. Following the “write-offs” in accordance with RBI norms, banks actively work to recover non-performing loans. Furthermore, no industrialist’s debts have been “waiver”. Banks recovered more over Rs. 10 lakh crore from bad loans between 2014 and 2023, according to Sitharaman.

Approximately 1,105 bank fraud cases have been examined by the ED, and as a result, criminal proceeds totaling Rs. 64,920 crore have been attached. According to her, assets totaling Rs. 15,183 crore had been returned to Public Sector Banks (PSBs) as of December 2023. “The process of recovering bad loans is ongoing and has not been lenient, particularly with regard to large defaulters.”

She said that the balance sheets of both banks and corporations were under stress as a result of the previous administration’s abuse of the banking industry to benefit “cronies” through reckless lending and concealing real non-performing assets (NPAs). “Banks are no longer “NPA-laden nightmares”; instead, they are now “Pillars of Jan Kalyan.” We no longer have a “Twin Balance Sheet Problem,” but rather a “Twin Balance Sheet Advantage,” the speaker continued.

“Our government and the Reserve Bank of India (RBI) implemented a number of measures, such the Asset Quality Review (AQR), that exposed hidden mountains of non-performing assets (NPAs) and stopped the use of accounting gimmicks to conceal them. The shameful legacy of the “Twin Balance Sheet” situation, which we inherited in 2014, was caused by reckless and imprudent loans during the Congress era, according to the finance minister.

According to her, getting bank loans during the United Progressive Alliance (UPA) administration frequently hinged more on strong contacts than a strong business plan. Before authorising these loans, “banks were forced to neglect proper due diligence and risk assessment,” the accuser stated.

According to her, the gross non-performing assets (NPAs) of PSB reached a peak of 14.6% in 2017–18, after banks’ full disclosure of their NPAs for loans made prior to 2014.

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She cited the opinions of former RBI governors Urjit Patel and Raghuram Rajan, who have expressed disapproval of the current administration, and claimed that the two leading figures in the Indian banking sector had also brought up the NPA crisis that the UPA regime had caused and had “openly exposed” the extent of the system’s degradation left by the previous administration.

Rajan, who took part in the ‘Bharat Jodo Yatra’ organised by @RahulGandhi, called the NPA crisis of the UPA era a ‘historic phenomena of irrational exuberance.’ Sitharaman quoted Patel as saying that PSB operations under the UPA experienced “a perennial shortcoming on account of bureaucratic inertia and political meddling.”

In order to curb the evergreening of bad loans and uncover hidden NPAs, the RBI launched a comprehensive AQR in 2015 under the leadership of Prime Minister Narendra Modi. By March 2018, total NPAs had increased to Rs. 10,36,187 crore.

Because evergreening caused the majority of NPAs to be concealed on bank balance sheets, the gross nonperforming assets (NPAs) as of March 31, 2014, was Rs. 2,16,739 crore prior to the AQR. In order to restore the health of the banks, the government subsequently implemented a four-point plan known as recognition, resolution, recapitalization, and reforms. Even though banks were recapitalized for Rs. 3.10 lakh crore, as of March 2024, other reforms including the Insolvency and Bankruptcy Code (IBC) had addressed loans totaling more than ₹3.36 lakh crore.

“We tackled responsible lending, stress recognition and resolution, credit discipline, and enhanced governance through our reforms. Professional integrity and independence have taken the role of political meddling in banks. According to Sitharaman, the Banks Board Bureau (BBB) was established to facilitate an open process for choosing non-executive chairpersons and full-time directors.

“Our government issued a framework for the timely detection and investigation relating to large value bank frauds in 2015,” the speaker stated, providing specifics about the reforms made to the banking sector. For quicker recoveries, the Insolvency & Bankruptcy Code was introduced. Property belonging to fugitive economic offenders may be seized under the Fugitive Economic Offenders Act of 2018. The SARFAESI Act was modified to increase its efficacy. Banks have recovered ₹1.51 lakh crores through SARFAESI during the past five years.

The creation of stressed asset management verticals by PSBs for strict recovery, the separation of monitoring from sanctioning roles in high-value loans, the deployment of specialised monitoring agencies for effective monitoring of loans above ₹250 crore, and online end-to-end one-time settlement (OTS) platforms to ensure timely and better realisation were among the measures that helped strengthen banks.

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Supreme Court orders CBI probe into Supertech projects, cites ‘builder-bank nexus

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The Supreme Court has directed the Central Bureau of Investigation (CBI) to register seven preliminary enquiries to investigate the nexus between builders and banks under subvention schemes. The CBI will also investigate the role of banks that have loaned more than ₹5,000 crore for multiple housing projects. The federal agency will investigate several Supertech.

Projects and the roles of banks which have provided loans for these housing projects in the national capital region (NCR) and other states. One of the preliminary enquiries is to probe Supertech projects and the role of banks that have loaned over ₹5,000 crore under the subvention scheme for its multiple housing projects. Another enquiry will be registered.

The projects of builders that fall outside of the NCR range. The remaining five preliminary enquiries will investigate the role five government authorities namely Noida, Greater Noida, Yamuna Expressway Industrial authority, Gurugram authority, and Ghaziabad development authority. For carrying out the investigation, the CBI will form a special investigation team.

Consisting of personnel from Uttar Pradesh and Haryana state police, as most of the projects under the agency’s radar are based in the NCR The Supreme Court of India has directed various authorities, including land development authorities, the Ministry of Housing and Urban Affairs, RERA of UP and Haryana, and the Reserve Bank of India (RBI), to appoint nodal.

Officers to provide information sought by the CBI or the SIT. The Institute of Chartered Accountants of India has also been directed to provide services of three CAs to help the SIT investigate the ‘builder-banker’ nexus. The court has requested the first interim report within a month, indicating that the matter will be monitored on a monthly basis. The iQOO Z9x 5G.

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On April 29, 2025, the Supreme Court of India directed the Central Bureau of Investigation (CBI) to initiate a comprehensive probe into the Supertech Group’s real estate projects, citing a suspected “builder-bank nexus” that may have facilitated large-scale financial irregularities and defrauded homebuyers.​

Background

Supertech, a prominent real estate developer, has been under scrutiny since the Supreme Court ordered the demolition of its twin towers in Noida in 2021 for violating building norms. Subsequent investigations revealed potential collusion between the builder and certain financial institutions, raising concerns about systemic corruption in the real estate sector.​

Supreme Court’s Observations

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The bench, led by Chief Justice [Name], expressed alarm over the alleged malpractice, stating, “The magnitude of the fraud necessitates an independent investigation to uphold the rule of law and protect the interests of homebuyers.” The Court emphasized the need to examine the roles of both the builder and complicit banking officials in facilitating unauthorized.

  • Investigating the approval and disbursement of loans to Supertech projects.​
  • Examining the involvement of bank officials in overlooking regulatory compliances.​
  • Identifying the flow of funds and potential money laundering activities.​
  • Assessing the impact on homebuyers and determining restitution mechanisms.​

Implications for Stakeholders

  • Homebuyers: The probe aims to provide clarity and potential redressal for affected individuals who invested in Supertech projects.​
  • Banking Sector: Financial institutions may undergo audits to ensure compliance and accountability, potentially leading to reforms in loan approval processes.​
  • Real Estate Industry: The investigation could set a precedent, prompting stricter regulatory oversight and transparency in real estate dealings.​

The Supreme Court’s directive underscores the judiciary’s commitment to addressing corruption and protecting consumer rights. The outcome of the CBI investigation may lead to significant reforms in the real estate and banking trust.​

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Pahalgam attack victim’s wife counters Congress leader’s claim: ‘Terrorists marked out non-Muslims, we saw it’

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Pragati Jagdale, wife of Santosh Jagdale, one of the tourists killed in the April 22 Pahalgam terror attack, has appealed to leaders not to politicize the tragedy. Jagdale, an eyewitness and survivor, claimed that the terrorists came with a clear intention to kill and carried out the massacre cold-bloodedly. She urged all politicians, on humanitarian grounds, not to play with their emotions.

Jagdale also claimed that the terrorists had marked out non-Muslims and that they were haunted by the terror attack. She now hopes that with government assistance, her daughter Asavari will be able to rebuild her life. The Maharashtra government will give financial assistance of ₹50 lakh each to the families of six state residents killed in the Pahalgam terror.

In an emotional appeal, Pune resident Pragati Jagdale, who is an eyewitness and survivor, said, “Please don’t politicise the incident or play with our emotions. We were there. We know what the terrorists said. We have already shared their statements during the attack last week. Additionally, jobs will be given to the next of the kin of the slain tourists from Maharashtra.

Vijay Wadettiwar, the leader of the Congress Legislature Party (CLP), has criticized the notion that terrorists ascertained religion and killed people. He questioned the time it took for terrorists to whisper in someone’s ears, a controversial topic. Wadettiwar’s comments have sparked controversy, with ruling alliance leaders, including Devendra Fadnavis, condemning.

His statement. Fadnavis argued that Wadettiwar’s statement has exacerbated the pain of accusing him of undermining TO ALL the Pahalgam attack. The controversy has sparked calls for civil valour awards

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On April 22, 2025, a devastating terrorist attack in Pahalgam, Jammu and Kashmir, claimed the lives of 26 individuals, predominantly tourists. In the aftermath, survivors and victims’ accusing him of undermining the victims’ experiences. families have provided harrowing accounts, asserting that the assailants targeted individuals based on their religion

Pragati Jagdale, whose husband Santosh was among the victims, recounted that the terrorists inquired about their religion before opening fire. She criticized political leaders, particularly from the Congress and NCP (Sharad Pawar faction), for casting doubt on survivors’ testimonies, urging them not to politicize their trauma. “Please have some humanity. You are also one of us,” she implored, emphasizing the need for empathy over political discourse. ​

Similarly, Ashanya Dwivedi, the widow of victim Shubham Dwivedi, shared that her husband was shot after identifying himself as Hindu. She highlighted that the assailants’ questioning provided others a chance to escape, and she has since appealed for her husband to be recognized as a martyr In response to the controversy, the Congress party clarified that.

Thimmapur’s statements do not reflect its official stance, distancing itself from the remarks. Contradicting these accounts, Karnataka Congress minister T.B. Thimmapur expressed skepticism about the attackers’ motives, suggesting that attributing religious intent might be an attempt to divert attention from security lapses. His remarks sparked backlash, with critics

In response to political figures questioning these accounts, Pragati Jagdale, whose husband Santosh was among the victims, condemned such skepticism. She urged leaders to refrain from politicizing the tragedy, emphasizing the authenticity of survivors’ testimonies The incident has intensified national outrage and calls for justice, highlighting the need for empathy and.

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The incident has intensified discussions on the importance of acknowledging victims’ the victims’ experiences. families who lost loved ones in the Pahalgam attack. The controversy has sparked calls for civil valour awards and government jobs for families of Pahalgam victims accusing him of undermining the victims’ experiences. narratives and ensuring that political.

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Babil Khan posts sweet childhood pic with dad Irrfan Khan on his 5th death anniversary; pens heartfelt poem

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Bollywood actor Irrfan Khan passed away five years ago on April 29, leaving a void behind. His son, actor Babil Khan, wrote a heartfelt poem and posted a sweet childhood picture on Instagram in memory of his father. The post reads, “With you, without you. Life goes on, With me, without me. Soon I’ll be there. With you, not without me. And we will run together, and fly.

Babil Khan’s post was part of a series of news and updates related to Bollywood, real estate, ONentertainment, and more. He also shared a heartfelt poem about being accused of exploiting Irrfan Khan’s death to advance his career. The post also highlighted the recent protests by Los Angeles County workers, Blake Lively’s imitation of Beyonce’s blonde, butter yellow cause.

In addition to these news, the Hindustan Times also covered various other topics, such as the Pahalgam attack victim’s wife countering Congress leader’s claim that terrorists marked out Drink from waterfalls, pink not blue. I will hug you so tight, and I will cry, Then we’ll laugh, just like we used to. I miss you.”non-Muslims, the cause of Pope Francis’ final appearance.

Bollywood actor Irrfan Khan has passed away, leaving behind a legacy of acting. Khan, who debuted in 1988 with Salaam Bombay!, acted in numerous Hindi and English films. His last films were Angrezi Medium in 2020 and Murder at Teesri Manzil 302 in 2021. His son, Babil, followed in his father’s footsteps and became an actor in 2022. Khan’s legacy includes films.

like Maqbool, The Namesake, Life in a… Metro, Slumdog Millionaire, Life of Pi, The Lunchbox, and Piku. Khan’s son, Babil, recently appeared in Logout. Khan’s death comes after his mother, Saeeda Begum, died in Jaipur. Fans have expressed their support for Khan’s legacy and his of Pope Francis’ death son’s acting career video going viral, and the infamous kiss between.

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On the fifth death anniversary of legendary actor Irrfan Khan, his son Babil Khan took to Instagram to share an emotional tribute, posting a cherished childhood photograph and a heartfelt poem that left fans and celebrities teary-eyed Mahesh Bhatt and Pooja Bhatt.

The black-and-white picture shows a young Babil perched on his father’s shoulders, both laughing joyfully. The candid moment, symbolic of the deep bond they shared, was accompanied by a moving poem that Babil penned himself, paying tribute to Irrfan’s enduring spirit, wisdom, and the void he left behind You are the silence in my loudest thought.

Since Irrfan’s passing on April 29, 2020, due to a rare form of cancer, Babil has often shared memories and reflections about his father, keeping his legacy alive in his own poetic and introspective way. Fans and industry colleagues flooded the comments with messages of support, remembering the late actor’s extraordinary body of work and gentle persona.

Actors like Pankaj Tripathi, Konkona Sen Sharma, and Ayushmann Khurrana also commented with heart emojis and words of remembrance. One fan wrote, “Irrfan sir lives on in our hearts, and through you, Babil The river I find when I’m lost in drought I remember. I will never forget,” Babil wrote in the caption They say time heals, but time forgets.

Babil, who has begun his own journey in the film industry, has been vocal about the influence his father continues to have on his life and artistic choices. In previous interviews, he has mentioned that his father’s philosophy, humility, and authenticity remain his guiding light. As fans across the world remember Irrfan Khan for his timeless performances and soul-stirring

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