Rs 4 lakh crore NPAs have returned due to insolvency system set in place: Official
Less than half of the staggering Rs 9 lakh crore worth of non-performing assets (NPAs), or bad loans, accumulated by banks had returned due to the system set in place by the Insolvency and Bankruptcy Code (IBC), 2016, the government said on Wednesday.
The figure was revealed by Corporate Affairs Secretary Injeti Srinivas at the conference on Resolving Insolvency organised by industry chamber CII a day after the release of the report by Insolvency Law Committee.