New Delhi: The government has no plans to waive off corporate loans and banks while banks have advised to either resolve their issue of non-performing assets (NPAs), or stressed loans speedily, or start insolvency proceedings in this regard, Parliament was informed on Friday.
In a written reply to the Lok Sabha, Minister of State for Finance Shiv Pratap Shukla also said that the stressed advances ratio of banks fell to 11.75 percent by end-September, from 12.1 percent by the end of June this year.
File image of Lok Sabha. PTI
“No proposal for waiver of corporate loan is under consideration of the government,” he said.
Referring to data from the National Company Law Tribunal, Shukla said that 2,434 fresh cases had been filed with it till en…
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