Sunday, August 7, 2022

Public Sector Banks recover ₹6.4l cr NPAs, written-off loans since FY15

The provision coverage ratio of the PSBs, a measure of health that captures amounts set aside to cover bad loans, has improved to 86.9% at the end of March 2022 from 46% at the end of March 2015. The state-run banks have recovered ₹5.17 lakh crore in non-performing assets (NPAs) and ₹1.24 lakh crore in written-off accounts since FY15.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/public-sector-banks-recover-6-4l-cr-npas-written-off-loans-since-fy15/articleshow/93415231.cms

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