PSU Banks recover Rs 2.33 lakh cr worth of bad loans during 4 years

Minister of State for Finance Shiv Pratap Shukla informed Parliament that Public Sector Banks (PSBs) have recovered  2.33 lakh crore rupees worth of bad loans during the four years from financial year 2014-15 to fiscal 2017-18. In a written reply to the Lok Sabha yesterday, Mr Shukla informed that as per RBI data on global operations for PSBs, during the financial years 2014-15 to 2017-18, PSBs recovered  2,33,339 crore rupees, of which 32,693 crores were from written-off accounts. He said, writ...