Wednesday, July 17, 2019, 8:42 AM
Banks bad loans down at Rs 9.34 lakh crore at FY19-end: Nirmala Sitharaman
Total bad loans of commercial banks declined by Rs.1.02-lakh-crore to Rs.9.34-lakh-crore in the 2018-19 fiscal on the back of steps taken by the government, Finance Minister Nirmala Sitharaman said. Sitharaman said the SCBs effected record recovery of Rs.4,01,424 crore over the last four financial years, including record recovery of Rs.1,56,746-crore during 2018-19 ( provisional data for 2018-19, as reported by RBI on July-9, 2019).