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  Business   Economy  05 Jul 2019  Budget 2019: NPAs worth Rs 4 lakh crore recovered in past four years

Budget 2019: NPAs worth Rs 4 lakh crore recovered in past four years

ANI
Published : Jul 5, 2019, 12:59 pm IST
Updated : Jul 5, 2019, 1:54 pm IST

Government-owned and private banks besides non-banking financial companies have been saddled with huge NPAs.

In the past one year, NPAs worth Rs 1 lakh crore has been recovered, Sitharaman said.
 In the past one year, NPAs worth Rs 1 lakh crore has been recovered, Sitharaman said.

New Delhi: The government has recovered non-performing assets (NPAs) worth Rs 4 lakh crore over the past four years, Finance Minister Nirmala Sitharaman said on Friday.

In the past one year, NPAs worth Rs 1 lakh crore has been recovered, she said while presenting the first full-fledged Union Budget of Narendra Modi 2.0 government in Parliament.

Government-owned and private banks besides non-banking financial companies have been saddled with huge NPAs, leading to severe liquidity crunch in the market.

Tags: union budget 2019, budget 2019, budget parliament, nirmala sitharaman, finance budget, economic survey 2019, npa, nbfc
Location: India, Delhi, New Delhi