2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Rs 9.6 lakh crore
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Rs 5.6 lakh crore
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Rs 7.6 lakh crore
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Rs 8.6 lakh crore
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Detailed explanation-1: -"As a result of comprehensive steps taken by the government and RBI to check the cases of NPAs and bring them down, scheduled commercial banks (SCBs) recovered ₹8,60,369 crore over the last eight financial years (provisional data) from NPAs,” Mr. Karad said.
Detailed explanation-2: -“Total recovery of over ₹1.32 lakh crore from written-off loan accounts made during the last five financial years,” she said. This comes to around 13 per cent of the write-off.
Detailed explanation-3: -Definition: A non performing asset (NPA) is a loan or advance for which the principal or interest payment remained overdue for a period of 90 days. Description: Banks are required to classify NPAs further into Substandard, Doubtful and Loss assets.