In the past year, bad loans worth Rs 1 lakh crore has been recovered, says Nirmala Sitharaman.
New Delhi:
The government has recovered non-performing assets (NPAs) worth Rs 4 lakh crore over the past four years, Finance Minister Nirmala Sitharaman said on Friday.
In the past one year, NPAs worth Rs 1 lakh crore has been recovered, she said while presenting the first full-fledged Union Budget of Narendra Modi 2.0 government in Parliament.
Government-owned and private banks besides non-banking financial companies have been saddled with huge NPAs, leading to severe liquidity crunch in the market.
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