Agencies
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 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.
(Except for the headline, this story has not been edited by The Kashmir Monitor staff and is published from a syndicated feed.)
