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(This story originally appeared in on Jul 26, 2021)NEW DELHI: The steps taken by the government over the last few years from enacting Insolvency & Bankruptcy Code (IBC)and strengthening other laws to administrative measures have helped banks recover around Rs 5.5 lakh crore of bad debt, including close to Rs 1 lakh crore from accounts that had been technically written off, top officials said. And, with indications that the build-up of non-performing assets (NPAs) is lower than anticipated, especially among large companies, the government believes that state-run lenders are well poised to meet the credit requirements, given that they are adequately capitalised. Besides, government sources argued that with provision coverage ratio of 83.7%, public sector banks were adequately protected against any potential hit.

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