Public sector banks recovered Rs
60,730 crore ($8.69 billion) of outstanding bad loans in the April-September
period. Describing this as a 'record'
haul, Financial Services Secretary Rajeev Kumar (IAS:1984:JH) said the government would give
funds to four-five banks under a prompt corrective action plan after
considering their financial results. He also said banks have raised Rs
24,440 crore from the market this fiscal year.
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 make record recovery of stressed loans
By IndianMandarins - 2018-12-20 09:54:30
Public sector banks recovered Rs
60,730 crore ($8.69 billion) of outstanding bad loans in the April-September
period.
Describing this as a 'record' haul, Financial Services Secretary Rajeev Kumar (IAS:1984:JH) said the government would give funds to four-five banks under a prompt corrective action plan after considering their financial results.
He also said banks have raised Rs 24,440 crore from the market this fiscal year.
