Govt expects bank recoveries to exceed Rs 1.80 lakh cr in FY19

 Enthused by the impact of new insolvency and bankruptcy law, the government expects bad loan recoveries to exceed Rs 1.80 lakh crore target for the current financial year, an official said.

Govt expects bank recoveries to exceed Rs 1.80
Satisfied with the progress of IBC, Finance Minister Arun Jaitley had said "now people have become broadly aware that the rules of the game in India have changed. Photo courtesy: PTI

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