Government expects bad loan recoveries to exceed Rs 1.80 lakh crore target in FY19

The government expects bad loan recoveries to exceed Rs 1.80 lakh crore target for the current fiscal year, in view of new insolvency and bankruptcy law, an official said. According to a senior official of the Finance Ministry, some big accounts are in the process of getting resolved while some more are lined up for resolution under the Insolvency and Bankruptcy Code (IBC).

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