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In parallel, the state has identified that out of the ₹12,500 crore of micro-loans, about ₹4,000 crore was given to borrowers flouting the Reserve Bank of India's microfinance lending norms. Microfinance lenders would have to waive these loans and, therefore, that would hit their asset quality.
Enforcement Directorate questions Rahul Gandhi for nine hoursThe case relates to an equity transaction in which Sonia Gandhi and son are accused of 'misappropriating AJL assets worth over ₹2,000 crore' by paying just ₹50 lakh. A probe by the Income-Tax Department against the Congress l… Read MoreAzadi from jail: States advised to release prisoners in 3 phasesThe home ministry said that women and transgender convicts above 50 years with overall good conduct, especially those not punished in the last three years and have completed half their sentence, may be released in three phase… Read MoreChina finds new friends in Middle East as US 'discloses' its Indo-Pacific plansThe Chinese President made the phone calls at the end of last month to UAE President Mohamed bin Zayed Al Nahyan and the other to his Zambian counterpart Hakainde Hichilema, Strait Times reported. This came after the Biden ad… Read MoreAfter Rajya Sabha drama, Maharashtra MLC polls may see nail-biting finishThe BJP is confident of getting its fifth candidate elected as, unlike the Rajya Sabha poll, the MLC poll is conducted through a secret ballot where there are more chances of cross voting. The BJP is again confident of wooing… Read MoreCongress protest: Delhi Police broke Chidambaram's rib, alleges Randeep Surjewala
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