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.
Readers' Choice
ED arrests Anil Tuteja in Chhattisgarh liquor scam case
IPS officer writes to “Sarkar” seeking “Car” at par; flags a discriminatory regime
Gujarat: A major reshuffle of IPS enacted
Ex IAS officer joins BJP; to be fielded against Harsimrat Badal
ECI rejects proposal to appoint Saunik as CS; extension for Kareer sought
PSBs bring down NPAs
By IndianMandarins - 2019-02-09 14:23:35
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.
