Govt keen on amalgamation of PSBs to create globally competitive, healthy large banks, says Arun Jaitley
The minister said the non-performing assets (NPAs) or bad loans had initially gone up because of truthful disclosure requirements which ensured that there was no sweeping of bad loans under the carpet
In the first nine months of current fiscal, the amount recovered by state-owned banks stood at Rs 98,493 crore, a 100 per cent growth over the previous year. Reuters