Banks recovered bad loans worth Rs 40,400 crore in 2017-18

The loans were recovered through channels like the Insolvency and Bankruptcy Code (IBC), SARFAESI Act, Debt Recovery Tribunals and Lok Adalats.
Vamsi Athreya

Updated: Dec 31,2018 12:20:20 pm

Banks recovered bad loans worth Rs 40,400 crore in 2017-18

31 December 2018 Current Affairs:

The loans were recovered through channels like the Insolvency and Bankruptcy Code (IBC), SARFAESI Act, Debt Recovery Tribunals and Lok Adalats.
While banks recovered Rs 4,900 crore of bad loans through the IBC, the amount recovered through SARFAESI was Rs 26,500 crore in FY18.

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