Thursday, Apr 25, 2024 | Last Update : 04:39 AM IST
Business In Other News 20 Dec 2018 State banks recover USD 8.69 billion of bad loans in April-September
State banks recover USD 8.69 billion of bad loans in April-September
REUTERS
Published : Dec 20, 2018, 5:45 pm IST
Updated : Dec 20, 2018, 5:45 pm IST
Banks have raised 244.4 billion rupees from the market this fiscal year.
Govt would give funds to four to five banks under a prompt corrective action plan after considering their financial results.
New Delhi: Indian state-run banks recovered 607.3 billion rupees ($8.69 billion) of outstanding bad loans in the April-September period, which a finance ministry official said on Thursday was a “record” haul.
Financial Services Secretary Rajeev Kumar said the government would give funds to four to five banks under a prompt corrective action plan after considering their financial results.
He also said banks have raised 244.4 billion rupees from the market this fiscal year.
