INSUBCONTINENT EXCLUSIVE:
market.
Banks have recovered about Rs 3 lakh crore of their sticky assets from defaulting promoters in recent years and the government has
recoveries, coupled with fresh infusion of capital to the tune of Rs 2.6 lakh crore, have set the stage for a higher credit delivery by
persistent losses plagued credit growth until the September quarter
pressure of repayment of loans while in the case of big businessmen, it was the headache of banks
that the government stopped malpractices in lending and streamlined the approach of bad loan recognition and resolution.
During FY18, the
gross non-performing assets ratio of state-owned banks arising from large accounts with loans more than Rs 5 crore grew to 23.1% from 18.1%
inability to pay back loans
Many more were hidden through restructuring or otherwise which were discovered during asset quality reviews and inspections carried out
