Balasore-Bhadrak Cooperative Bank faces crisis as non-performing assets remain high
Headline by Prism · from 1 report
The Balasore-Bhadrak Central Cooperative Bank faces significant non-performing assets totaling over 333 crore rupees despite the implementation of a One Time Settlement scheme.
SambadThe brief
Written by software from the 1 report below.
- The Balasore-Bhadrak Central Cooperative Bank currently holds over 333 crore rupees in non-performing assets.
- A government-introduced One Time Settlement scheme has largely failed to improve the bank's financial recovery.
- Allegations suggest that local officials and bank staff colluded in loan distribution, leading to widespread defaults.
- Financial instability within the regional primary agricultural credit societies further hampers the effectiveness of the settlement process.
What to watch next
- Ongoing financial recovery attempts for the bank's non-performing assets
- Investigation into allegations of corruption involving local officials and bank staff
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Who said what
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Kailas Chandra Sabar
CEO of Balasore-Bhadrak Central Cooperative Bank
1 quote · 1 outlet
“ଓଟିଏସ୍ ପାଇଁ ସମ୍ପୃକ୍ତ ପ୍ୟାକ୍ସଗୁଡ଼ିକର ଆର୍ଥିକ ସ୍ଥିତି ମଜଭୁତ ରହିବା ଆବଶ୍ୟକ”
In the article
…ଏଭଳି ଋଣଗ୍ରହୀତାଙ୍କ ମଧ୍ୟରୁ ଅନେକଙ୍କର ଇତିମଧ୍ୟରେ ମୃତ୍ୟୁ ହୋଇସାରିଥିବା ଆଶଙ୍କା କରାଯାଉଛି। ଫଳରେ ଋଣ ଟଙ୍କା ବର୍ଷକୁ ବର୍ଷ ବଢ଼ିଚାଲିଥିବା କୁହାଯାଉଛି। ଏ ସମ୍ପର୍କରେ ବାଲେଶ୍ବର-ଭଦ୍ରକ କେନ୍ଦ୍ର ସମବାୟ ବ୍ୟାଙ୍କର ସିଇଓ କୈଳାସ ଚନ୍ଦ୍ର ଶବରଙ୍କୁ ପଚାରିବାରୁ, ଓଟିଏସ୍ ପାଇଁ ସମ୍ପୃକ୍ତ ପ୍ୟାକ୍ସଗୁଡ଼ିକର ଆର୍ଥିକ ସ୍ଥିତି ମଜଭୁତ ରହିବା ଆବଶ୍ୟକ ବୋଲି ସେ କହିଛନ୍ତି। ସରକାର ଓଟିଏସ୍ ବ୍ୟବସ୍ଥା ଆରମ୍ଭ କରିଥିଲେ ମଧ୍ୟ ପ୍ୟାକ୍ସଗୁଡ଼ିକର ଆର୍ଥିକ ଅବସ୍ଥା ଭଲ ନଥିବାରୁ ସେମାନେ ଋଣଗ୍ରହୀତାଙ୍କୁ ଓଟିଏସ୍ ସୁବିଧା ଦେବାକୁ ଆଗ୍ରହୀ ହେଉନାହାନ୍ତି। ବିବିସିସିବି ଅଧୀନରେ ଅଧିକ ଋଣ କାରବାର ହେଉଥିବାରୁ ଏନ୍ପିଏ ମଧ୍ୟ…
Coverage
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All filed from India
NamedIndia · Balangir Cooperative Bank · Balasore-Bhadrak Central Cooperative Bank · Sambalpur Central Cooperative Bank · Kailas Chandra Sabar
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