Recovery of bad loans impacted due to Covid: MoS for Finance Bhagwat Karad

Tribune Web Desk

Updated At : 12:57 PM Jul 20, 2021 IST

Unlock Exclusive Insights with The Tribune Premium

Take your experience further with Premium access. Thought-provoking Opinions, Expert Analysis, In-depth Insights and other Member Only Benefits

Yearly Premium ₹999 ₹349/Year

Yearly Premium $49 $24.99/Year

New Delhi, July 19

The recovery as a percentage of gross non-performing assets moderated to 12.8 per cent in 2020-21 from 15.8 per cent in the previous fiscal year against the backdrop of the pandemic, MoS for Finance Bhagwat K Karad said on Monday.

As per RBI data on global operations, he said, scheduled commercial banks have recovered an amount of Rs 4,18,687 crore during the last three financial years. — PTI

The Tribune, now published from Chandigarh, started publication on February 2, 1881, in Lahore (now in Pakistan). It was started by Sardar Dyal Singh Majithia, a public-spirited philanthropist, and is run by a trust comprising five eminent persons as trustees.

The Tribune, the largest selling English daily in North India, publishes news and views without any bias or prejudice of any kind. Restraint and moderation, rather than agitational language and partisanship, are the hallmarks of the newspaper. It is an independent newspaper in the real sense of the term.

The Tribune has two sister publications, Punjabi Tribune (in Punjabi) and Dainik Tribune (in Hindi).

Remembering Sardar Dyal Singh Majithia

Designed and developed by : SORTD

Unlock Exclusive Insights with The Tribune Premium

Suggested Articles