Govt takes stock of recoveries from stressed assets through IBC

The meeting focussed on the progress made on recoveries so far, against the government’s FY19 target of Rs 1.8 lakh crore for PSBs, sources said. PSBs already recovered around Rs 1.1 lakh crore up to the last week and are on course to meeting the target once recovery from at least Essar Steel is made.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2THa8lU