Banks recover Rs 40,400 crore from defaulters: RBI report

Banks have seen a significant improvement in recovery of stressed assets helped by the Insolvency and Bankruptcy Code (IBC) and amendments in the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interests (SARFAESI) Act, during FY18, according to the RBI data.

To read full article:
https://m.economictimes.com/industry/banking/finance/banking/banks-recover-rs-40400-crore-from-defaulters-rbi-report/articleshow/67309546.cms