Bhagwat Karad

Union minister Bhagwat Karad said Assam holds the top position in the Northeast after achieving 89 percent target under the scheme, while Uttar Pradesh ranks first across the country.

Inflation in India less than developed countries: Union minister Bhagwat Karad

There is indeed inflation in India but it's more in the world. The inflation rate here is around 7 per cent, which is less than the developed countries.

PSU insurers receive COVID insurance claims worth Rs 17,537 crore till December 2021

Public sector insurers received COVID-19 related health insurance claims worth Rs 17,537 crore till December 2021 and more than 93 per cent of the cases were settled, Parliament was informed on Monday.

About 5,200 companies with credit exposure of over Rs 5 crore declared as NPAs till December 2021: MoS Finance Bhagwat Karad

Scheduled commercial banks (SCBs) and All Indian Financial Institutions report certain credit information of all borrowers having aggregate credit exposure of Rs 5 crore and above to the RBI, under its CRILC database, since the quarter ended June 2014, Minister of State for Finance Bhagwat Karad said.

Banks recover over Rs 7.34 lakh crore in six-and-a-half years till December 2021

During the past six financial years and the first six months of the current financial year, banks have effected an aggregate recovery of Rs 7,34,542 crore, in non-performing assets and written-off loan accounts, including those reported as fraud, Minister of State for Finance Bhagwat Karad said in a written reply to the Rajya Sabha.

Bank frauds fall drastically over last 5 years to Rs 648 crore in April-December FY22: Minister

In 2016-17, bank frauds stood at Rs 61,229 crore, which declined to Rs 11,583 crore in 2020-21 and then to Rs 648 crore during April-December 2021-22, Minister of State for Finance Bhagwat Karad said in a written reply to the Lok Sabha.

Rise in complaints related to e-banking, credit cards in FY21: MoS Finance Bhagwat Karad

During the period from 2019-20 to 2020-21, there was a decline of 13.01 per cent in complaints related to ATM/debit cards, while there was an increase of 12.01 percent and 52.99 percent in complaints regarding mobile/electronic banking and credit cards respectively, MoS for Finance Bhagwat Karad said in a written reply in the Lok Sabha.

Govt recapitalised PSBs with Rs 3.10 lakh crore capital infusion over last 5 years: MoS Finance Bhagwat Karad

He was responding to a host of questions asked by Congress party's Member of Parliament Manish Tewari.

Govt yet to decide on banks to be privatised, say MoS Finance Karad

The government had in Budget 2021-22 announced its intent to privatise two public sector banks (PSBs) during the year.

MoS Finance Bhagwat Karad urges banks to improve credit penetration in north-eastern states

The company said it has inked a Memorandum of Understanding (MoU) with BluSmart Mobility for the supply of the units.

Disinvestment to increase PSUs' income, create jobs: MoS Finance Bhagwat Karad

"Disinvestment doesn''t mean that the companies are making losses, but the government has different plans to increase their income and to increase jobs," he said while addressing a virtual event organised by Dun & Bradstreet India.