New Delhi: Rs 1 crore loan can be obtained under 59 minutes, said Finance Minister Piyush Goyal on Friday while presenting the interim Budget for 2019-20 in the Lok Sabha.
Rs 1 crore loan can now be obtained under 59 minutes,&Acirc;&Acirc;u00c2u009d said Goyal, while stating that his government has implemented several measures to ensure clean banking and instituted a resolution friendly mechanism for recovery of non-performing loans.
Nearly Rs 3 lakh crore has been recovered in favour of banks and creditors,&Acirc;&Acirc;u00c2u009d he said, adding that &acirc;&iquest;&iquest;big defaulters too have not been spared by our government.
Finance Minister Goyal said that he remained confident that given the pace of reforms in the banking sector, other banks too will recover.
At the same time, recapitalisation of banks amounting to Rs 2.6 lakh crore has been done, said the Finance Minister.
The 4R approach and a number of measures have been implemented to ensure clean banking recognition, resolution, recapitalisation, and reforms, he said.
Catch up on all the latest <a title="mid-day news" href="https://www.mid-day.com/news" target="_blank">Crime, National, International and Hatke news</a> here. Also download the new mid-day <a title="mid-day android app " href="https://goo.gl/8Xlcvr" target="_blank">Android</a> and <a title="mid-day iOS app" href="https://goo.gl/KQziH4" target="_blank">iOS</a> apps to get latest updates
This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever

At the same time, recapitalisation of banks amounting to Rs 2.6 lakh crore has been done, said the Finance Minister

'Rs 1 crore loan can be obtained under 59 minutes'

Trending Stories

Latest Photos

Latest Videos

Latest Web Stories

Mid-Day Fast

Home / News / India News / Article / 'Rs 1 crore loan can be obtained under 59 minutes'

'Rs 1 crore loan can be obtained under 59 minutes'

Trending Stories

Latest Photos

Latest Videos

Latest Web Stories

Mid-Day Fast