Tag: Bad Loans

Public sector banks recover Rs 1.2 lakh crore from bad loans in 2018-19

NEW DELHI: Public sector banks (PSBs) have recovered close to Rs 1.2 lakh crore from stressed assets during the financial ended March, primarily helped by resolution under the Insolvency and Bankruptcy Code (IBC), an official said. During the first half of the previous fiscal, banks recovered Rs 60,713 crore from bad loans. “Due to non-resolution […]

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