PSBs recover Rs 6.42 trn NPAs, written off loans since from FY15 to FY22

The public sector banks (PSBs) since FY2014-15 have recovered Rs 6.42 trillion of non-performing loans and written-off loans and have filed suits against 98.5 per cent of wilful defaulters, The Economic Times (ET) reported on Monday quoting government data. 

From FY16 to FY21, the central government has infused Rs 3.36 trillion of capital in PSBs, while banks have raised an additional Rs 2.99 trillion from the markets, the data shared by ET stated. 

Meanwhile, the PSBs provision coverage ratio, a measure that indicates the amount set aside by lenders to cover bad loans, improved to 86.9 per cent by the