Last Updated : Jan 24 2019 10:17AM     Screen Reader Access
News Highlights
PM Modi says BJP takes decisions democratically            President Kovind calls upon NRIs to contribute to development of New India            Cabinet decides to strengthen NE autonomous councils            Nation remembers Netaji Subhash Chandra Bose on his birth anniversary            India win first ODI against New Zealand at Napier           

National News

Sep 02, 2018
8:15AM

PM Modi blames previous UPA govt for huge NPAs

File Pic
Prime Minister Narendra Modi has blamed the previous UPA government for huge Non-Performing Assests, NPA and said their polices have destroyed the banking sector.

Speaking at the launch of the India Post Payments Bank (IPPB) in New Delhi yesterday, Mr Modi said that the NDA government has not only identified the cause of rising NPAs but also took measures to deal with them. He said, the government has not given any big loan in its tenure.

He said, action has been initiated against 12 big defaulters who were given loans before 2014 resulting in total NPAs of 1.75 lakh crore rupees. Mr Modi asserted that the government will bring back money from those who have defrauded the banks.

The Prime Minister said that  Mudra loans worth over 13 lakh crore rupees have been given so far to the poor and middle class, for creating self-employment opportunities. He said today India is not just the fastest growing economy in the world, but also the country that is eradicating poverty the fastest.

The Post Payments Bank will offer a range of products such as savings and current accounts, money transfer, direct benefit transfers, bill and utility payments and enterprise and merchant payments.

The IPPB will have 650 branches and 3,250 Access Points across the country. All the 1.55 lakh Post Offices in the country will be linked to the IPPB system by the 31st of December this year.

   Related News

Live Twitter Feed

Listen News

Morning News 24 (Jan) Midday News 23 (Jan) News at Nine 23 (Jan) Hourly 24 (Jan) (1005hrs)
समाचार प्रभात 24 (Jan) दोपहर समाचार 23 (Jan) समाचार संध्या 23 (Jan) प्रति घंटा समाचार 24 (Jan) (1000hrs)
Khabarnama (Mor) 24 (Jan) Khabrein(Day) 23 (Jan) Khabrein(Eve) 23 (Jan)
Aaj Savere 24 (Jan) Parikrama 23 (Jan) Lok Ruchi Samachar 20 (Jan)

Listen Programs

Market Mantra 23 (Jan) Samayki 23 (Jan) Sports Scan 23 (Jan) Spotlight/News Analysis 23 (Jan)
    Public Speak

    Country wide 17 (Jan) Surkhiyon Mein 17 (Jan) Charcha Ka Vishai Ha 23 (Jan) Vaad-Samvaad 22 (Jan) Money Talk 22 (Jan) Current Affairs 18 (Jan)