PSBs reduce Rs 64,106 crore NPAs via recoveries in FY18: RTI
Updated : August 29, 2018 03:12 PM IST
However, the reduction seems to be insignificant given the fact that gross NPAs of state-run banks at the end of FY18 stood at Rs 8,95,601 crore.
The NPAs reduced by Rs 53,250 crore and Rs 40,903 crore, respectively, in FY17 and FY16 due to actual recoveries from defaulters.
The query also revealed that the gross NPA of PSBs was Rs 6,84,732 crore at the end of FY17, and Rs 5,39,968 crore at the end of FY16.