November 23, 2024 00:09 (IST)
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Recovery by PSBs as percentage of NPAs improves to 14.69% in FY2019-20

Recovery by PSBs as percentage of NPAs improves to 14.69% in FY2019-20

New Delhi: As per Reserve Bank of India (RBI) data, the recovery made by public sector banks (PSBs) during the financial year as a percentage of gross non-performing assets (NPAs) as on beginning of the financial year (FY) has improved from 11.33 percent in FY2017-18, to 13.52 percent in FY2018-19, to 14.69 percent in FY2019-20.