Tag: No stressed loans to be waived off

With bank loans amounting to around Rs 5,000 crore turning ‘stressed loans’ due to ongoing unrest and stopping of economic activities, financial experts and stakeholders here have stressed upon the JK government to take up the matter with the central government in order to safeguard interests of both banks and borrowers. As per bank officials, there are around 2 lakh account holders who have failed to pay equated monthly installments (EMIs) for over three months, putting them under stressed assets category. Sources informed Kashmir Post, that the banks in J&K…

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