PNB's bad loan recovery in first quarter exceeds FY18 level
Fraud-hit PNB's recovery of over â¹7,700 crore in bad loans during the first quarter of current fiscal has surpassed the total amount it recovered in FY18. The bank made a recovery of about â¹5,400 crore last fiscal. "Insolvency and Bankruptcy Code played a big role in such huge recovery because two big accounts were resolved," MD Sunil Mehta has said.