Quick Summary
Gross non-performing assets (NPAs) improves from 11.33% in FY2017-18, to 13.52% in FY2018-19, to 14.69% in FY2019-20 As per Reserve Bank of India (RBI) data, recovery made by public sector banks (PSBs) during the financial year as a percentage of gross non-performing assets (NPAs) as on beginning
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FAQ :
Gross NPAs, as a percentage of recovery made by public sector banks, improved from 11.33% in FY2017-18 to 13.52% in FY2018-19 and further to 14.69% in FY2019-20.
Despite the impact of the COVID-19 pandemic in FY2020-21, the recovery of gross NPAs remained at a healthy 12.28%.
Assets worth Rs. 19,111 crore have been attached under the Prevention of Money Laundering Act, 2002, in cases involving loan fugitives, with Rs. 15,113 crore restituted to public sector banks.
Wilful defaulters are not sanctioned additional facilities, are debarred from floating new ventures for five years, and are restricted from accessing capital markets to raise funds.
Yes, the Insolvency and Bankruptcy Code, 2016, debars wilful defaulters from participating in the insolvency resolution process.
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