{"id":43024,"date":"2018-09-26T11:54:03","date_gmt":"2018-09-26T11:54:03","guid":{"rendered":"http:\/\/blastingskyhawk.com\/?p=43024"},"modified":"2018-09-26T11:54:03","modified_gmt":"2018-09-26T11:54:03","slug":"bad-debts-on-a-decline-loan-recovery-picking-up-of-psu-banks-jaitley","status":"publish","type":"post","link":"https:\/\/blastingskyhawk.com\/english\/bad-debts-on-a-decline-loan-recovery-picking-up-of-psu-banks-jaitley\/","title":{"rendered":"Bad debts on a decline, loan recovery picking up of PSU banks: Jaitley"},"content":{"rendered":"<p>New Delhi<br \/>\nFinance Minister Arun Jaitley on Tuesday said bad debts or NPAs in the banking system are on the decline as recoveries of unpaid loans have picked up.<\/p>\n<p>Speaking to reporters after the annual review meet with top PSU bankers, he said last several years had been challenging for public sector banks as a large amount of lending was held up in NPAs.<br \/>\nBut after the Insolvency and Bankruptcy Code came into force, which calls for an auction of assets of loan defaulting entities, recoveries have picked up.<\/p>\n<p>Recoveries are better, the lending ability of banks is much better and to top it all credit growth has significantly moved upwards, he said.<br \/>\n&#8220;We are passing through a phase of good growth as far as the economy is concerned. Consumption has moved up, and therefore the banking activity is bound to pick up,&#8221; he said.<\/p>\n<p>Financial Services Secretary Rajeev Kumar said banks expect to recover Rs 1.8 lakh crore through IBC and other routes during the current fiscal.<\/p>\n<p>The review meeting on Tuesday discussed credit growth and asset quality, he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi Finance Minister Arun Jaitley on Tuesday said bad debts or NPAs in the banking system are on the decline as recoveries [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":43025,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[410],"tags":[],"class_list":["post-43024","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/43024","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=43024"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/43024\/revisions"}],"predecessor-version":[{"id":43026,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/43024\/revisions\/43026"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/43025"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=43024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=43024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=43024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}