Public Sector Banks recover ₹6.4l cr NPAs, written-off loans since FY15

The provision coverage ratio of the PSBs, a measure of health that captures amounts set aside to cover bad loans, has improved to 86.9% at the end of March 2022 from 46% at the end of March 2015. The state-run banks have recovered ₹5.17 lakh crore in non-performing assets (NPAs) and ₹1.24 lakh crore in written-off accounts since FY15.

from Banking/Finance-Industry-Economic Times https://ift.tt/6X7gxRI