Modi government drives corporate debt write-offs in India, binding private banks to settlements.

1 report, 1 independent Updated Aug 29

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What happened

Some supportReported by 1 outlet

Who's involved

What this event is mainly about

Narendra Modi India Axis Bank

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Part of

IDBI Bank debt, privatization, and political criticism

Also in this story

IDBI Bank faced problematic loans during the UPA tenure, while the NDA administration revitalized it through policy.Oct 14

All 3 developments

The entities involved

Narendra Modi
Prime Minister of India since 2014
- Cyclone Arnab made landfall in Andhra Pradesh, while the Cabinet approved DA/DR increases and India and US discussed cooperation.13:56
- PM Modi, Amit Shah, and Nitin Nabin announced their campaign plans for the upcoming elections in Uttar Pradesh.13:11
India
- The Economic Advisory Council (EAC) has advised the Prime Minister on the nation's overall economic strategy.11:45
- Ashiesh Shah designed a new library facility at the Nita Mukesh Ambani Cultural Centre in India.04:06
Axis Bank
Indian private sector bank
- Market sentiment shifted on Nov 2, 2026, with cooling Brent crude supporting indices, while various stocks showed mixed performance.Mon 19:03
- Axis Bank reported higher Q2 profits, while Bajaj Finance, Infosys, and UltraTech Cement are scheduled to announce results amid Middle East geopolitical uncertainty.Mon 15:09

Related events

Modi's government is promoting financial inclusion initiatives in the state of Odisha.Oct 25
Claims have emerged regarding government control over various sectors, involving major political and business figures.Sep 20

Coverage

Newest first; wire copies grouped

Aug 29countercurrents.org