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90% NPAs Written Off By State-Owned Banks Not Recovered In 4 Fiscal Years: RBI
According to data released by the Reserve Bank Of India (RBI), close to 90% of the Non-Performing Assets (NPAs) written off by state-owned banks could not be recovered during the four years from 2014-15 to 2017-18. Also, the recovery rate for almost half of the 21 state-owned banks was lower than...