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Banks recovered Rs 10 lakh crore in last nine financial years

Indian scheduled commercial banks have recovered around Rs 10 lakh crore from non-performing assets (NPAs) in the last nine financial years, according to the country s finance ministry. Minister of State for Finance Bhagwat Karad added that the Insolvency and Bankruptcy Code, 2016 and the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 have helped change the credit culture. ....

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National Asset Reconstruction Company to acquire stressed assets of about Rs 2 lakh crore in phases

National Asset Reconstruction Company to acquire stressed assets of about Rs 2 lakh crore in phases
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Bank NPAs: Govt to Set Up National ARC and India Debt Resolution Co

Bank NPAs: Govt to Set Up National ARC and India Debt Resolution Co
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NARCL to acquire stressed assets in phases

NARCL to acquire stressed assets in phases
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NARCL to acquire stressed assets in phases

NARCL to acquire stressed assets in phases
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