Finance Minister Nirmala Sitharaman on Friday announced that the gross non-performing assets (NPAs) in the baning sector have come down from Rs 8.65 lakh crore to 7.90 lakh crore. Nirmala Sitharaman made the announcement at a press conference.
Addressing a press conference, Nirmala Sitharaman said that the non-performing assets, which were valued at Rs 8.65 lakh crore in December 2018 have come down to 7.90 lakh crore. She also said that the loan recovery has been at a record high.
"Gross bad loans of public sector banks have come down to Rs 7.9 lakh crore from Rs 8.65 lakh crore at December-end 2018," Nirmala Sitharaman said.
The government had lately been under attack over the rising NPAs in the banking sector. Earlier in the day, the Congress accused the government of being in a celebratory and campaign mode and slammed it over the shrinking economy.
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Finance Minister Nirmala Sitharaman on Friday announced that the gross non-performing assets (NPAs) in the baning sector have come down from Rs 8.65 lakh crore to 7.90 lakh crore. Nirmala Sitharaman made the announcement at a press conference. Addressing a press conference, Nirmala Sitharaman said that the non-performing assets, which were valued at Rs 8.65 lakh crore in December 2018 have come down to 7.90 lakh crore. She also said that the loan recovery has been at a record high. "Gross bad loans of public sector banks have come down to Rs 7.9 lakh crore from Rs 8.65 lakh crore at December-end 2018," Nirmala Sitharaman said. The government had lately been under attack over the rising NPAs in the banking sector. Earlier in the day, the Congress accused the government of being in a celebratory and campaign mode and slammed it over the shrinking economy.
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