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Thursday, January 30, 2025

Loan write off 10 top PSU BANK



17 comments:

Anonymous said...

Real Right off bad debts is not removing the bad loans from Bank's Register as most big people think 😀 Actually this is a on-going process of transferring bad debts to Asset Recovery Sector of the particular Bank & recovering through the Debt Recovery Tribunals & Courts already registered from Recovery Department and avoiding the dreadful nature of swallowing profit of the Banks
I wonder why people don't see this process of recovery deeply instead of making wrong; GOSSIP Murmur on Public Sector GOVT lead by GOVT OF INDIA !!

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This article offers a valuable perspective on the loan write-off processes in public sector banks. It's important to understand that writing off loans doesn't equate to waiving them; rather, it's a strategic move to manage non-performing assets while continuing recovery efforts through legal channels. For individuals considering financial options, especially personal loans, it's crucial to be aware of how such banking practices might influence lending policies and interest rates. A well-informed borrower can make better financial decisions.

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