As per a report by the Reserve Bank of India (RBI), Banks recovered bad loans worth Rupee. uline{1cm} crore in 2017-18.

2018

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

As per a report by the Reserve Bank of India (RBI), Banks recovered bad loans worth Rupee. _________ crore in 2017-18.

A	40, 400
B	35, 300
C	20, 200
D	55, 500

Explanation:

Detailed explanation-1: -Gross NPAs were 11.2 per cent in 2017-18. Significantly, banks were able to recover only Rs 1, 32, 036 crore from the written off loans in the last five years, according to the RTI reply.

Detailed explanation-2: -In the last five financial years, the PSBs have made an aggregate recovery of ₹4, 80, 111 crore from NPA accounts and upgradation of NPAs of ₹1, 45, 356 crore, ” said the minister.

Detailed explanation-3: -Data shared by the ministry of finance in the Lok Sabha provides details of written-off loans recovered by our public sector banks over the last five years. It amounts to ₹1.03 trillion.

Detailed explanation-4: -Recovery rate, commonly used in credit risk management, refers to the amount recovered when a loan defaults. In other words, the recovery rate is the amount, expressed as a percentage, recovered from a loan when the borrower is unable to settle the full outstanding amount.

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