Banks likely to recover â¹70,000 cr bad loans by March-end: Jaitley
Finance Minister Arun Jaitley has said commercial banks were likely to recover â¹70,000-crore bad loans by March-end. Lenders have so far recovered â¹80,000 crore from the resolution of 66 cases, he added. Jaitley further said the increase in conversion of bad loans into standard accounts and decline in fresh bad loans show an improvement in the lending and borrowing behaviour.