Banks’ bad loans declining as recoveries pick up, says Arun Jaitley

State-run banks account for the lion’s share of more than $150 billion in bad debt which is weighing on the sector.

business Updated: Sep 25, 2018 19:50 IST

Bad loans held by India’s banks are declining as recoveries have picked up, says finance minister Arun Jaitley. (HT File Photo)

Bad loans held by India’s banks are declining as recoveries have picked up and lenders are confident of maintaining liquidity for various sectors as required, finance minister Arun Jaitley told a news conference on Tuesday.

State-run banks account for the lion’s share of more than $150 billion in bad debt which is weighing on the sector, and need billions of dollars in new capital in the next two years to meet global Basel III capital regulations.

First Published: Sep 25, 2018 19:50 IST