Banks recover â¹40,400 cr from defaulters in FY18: RBI report
Banks recovered bad loans worth â¹40,400 crore in 2017-18, as per a report by the Reserve Bank of India (RBI). The loans were recovered through channels like the Insolvency and Bankruptcy Code (IBC), SARFAESI Act, Debt Recovery Tribunals and Lok Adalats. "Strengthening the infrastructure of insolvency resolution...should help reduce the overall time... taken for resolution under IBC," RBI said.