State banks recover USD 8.69 billion of bad loans in April-September
20 Dec 2018 5:46 PM IST
Banks have raised 244.4 billion rupees from the market this fiscal year.
The latest round of wage revision for all banks is due from 1 November 2017. (Photo: ANI)
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.
( Source : reuters )
Next Story
