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PSBs bring down NPAs

By Indian Mandarins- 09 Feb 2019
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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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Indianmandarins.com, an initiative of New Media Network, is a multi-media initiative for the fast and real-time dissemination of news and information related to civil services, central PSUs and other institutions that play a critical role in governance, administration, corporate governance, and public life in India. We aspire to provide our esteemed readers with news breaks and situation analysis in the above-mentioned domain of operations. Currently, we are available at www.indianmandarins.com. We are now planning to branch off into print publication and few other related business initiatives.