The Insolvency Board's statement hides more than it reveals

Brushing aside the jargon and verbiage, what it means is that in 542 resolutions, against a total debt of Rs 7.91 lakh crore, the creditors recovered only Rs 1.80 lakh crore
@PChidambaram_IN | 1,792,290 followers
Replying to @PChidambaram_IN
The "haircut" or dents written off was Rs 6.12 lakh crore That is Rs 6,12,000 crore was written off

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Total of 13 replies and 3 quotes found
In reply to @PChidambaram_IN
Don’t know where you getting this bogus data but truth is ; A total Rs 8.6 lakh crore was recovered from NPA defaulters by both PSU and Private banks. Their assets were sold to the highest bidder under NCLT pic.twitter.com/erTa6XYBfG
 
In reply to @PChidambaram_IN
When Chidambaram was the FM & Congress was ruling, India used to hear of lakh crore rupees scams daily. Under the Modi Govt, Banks have recovered Rs 8.6 lakh crore from write off & NPA accounts. This is the difference between failed Chidambaram & successful Modi Govt. pic.twitter.com/IV4txpmX9w
 
In reply to @PChidambaram_IN
Just loved the news in @IndianExpress, which mentions the recovery in headlines and puts the amount written off deep inside the article. Classic case of Headline management.
 
3 times of the 2G scam value!!
 
In reply to @PChidambaram_IN
I can sense @PChidambaram_IN seething in FOMO pain. Imagine how many millions he could have made while allowing such haircuts... Now all is given away for free. Then the opportunity to enjoy the "Indrani Mukherjee" type victims. வடை போச்சே....
 
In reply to @PChidambaram_IN
If you had given free hands to the banks to analyse the lenders better, this situation wouldn’t have arose!
 
In reply to @PChidambaram_IN
What were the figures while you were FM and your son was rumoured to be collecting bribes on your behalf? Fin min deals were being cracked in chennai ?
 
In reply to @PChidambaram_IN
Sir, comments on the present government are bullets of truth but the hard skinned Sangis hate truth. Thanks for your comments. Kind request! Educate & inspire our cadres that they share our ideology among the public. Congress needs become more proactive. Jai Hind. Jai Congress
 
so will banks offer same for farmers and other small borrowers??
 
In reply to @PChidambaram_IN
Whether Bank Extending Credit Like A Dole Centre? Bank Must Ensure To Recover Entire Valid Dues From NPA, Defaulter A/Cs,Stressed Assets Account For Safeguard Interest Of Depositors, Investors Account & Not To Convert Good Borrower Into Bad Account. Concept Of Haircut Must Stop.
 
In reply to @PChidambaram_IN
And they are promising restoration of old pension scheme. If you don't give loans one problem. If give another problem !
 
In reply to @PChidambaram_IN
Dead horses are being revived .....
 
Huge huge huge money..
 
In reply to @PChidambaram_IN
That's why petrol is at 107. Robbing Ramu to pay Shamu.
 
 
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