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PSBs bring down NPAs

By IndianMandarins- 09 Feb 2019


Bad loans of PSBs slid Rs 31,000 crore to Rs 8.64 lakh crore in the first nine months of the current fiscal.


Minister of State for Finance Shiv Pratap Shukla said in a written reply in Lok Sabha that Non-Performing Assets (NPAs) or bad loans of the banks stood at Rs 8.95 lakh crore at the end of previous fiscal.


Bad loans fell to Rs 8.75 lakh crore as on June 2018 and further to Rs 8.64 lakh crore in December 2018 (as per provisional data), he said.


He asserted that NPAs declined as a result of the government's 4Rs strategy of recognition, resolution, recapitalization, and reforms.

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