Daily O

What poor recovery rate of NPAs says about public sector banks

An 80-90 per cent deficit in the recovery of bad loans for four years straight highlights connivance between banks and some 'preferred customers'.

According to the Reserve Bank of India, on an average, almost 90 per cent of the non-performing assets (NPAs) written-off by state-owned banks have not been recovered during the four financial years from 2014-'15 to 2017-'18. And the recovery rate for half of the 21 state-owned banks is reported to be even worse.

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The state-owned UCO Bank stands the tallest in not having been able to recover even a single paisa of

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