{"id":29440,"date":"2022-03-15T16:05:45","date_gmt":"2022-03-15T10:35:45","guid":{"rendered":"https:\/\/tradebrains.in\/features\/rsq-banks-recovery\/"},"modified":"2022-03-15T16:08:43","modified_gmt":"2022-03-15T10:38:43","slug":"rsq-banks-recovery","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/rsq-banks-recovery\/","title":{"rendered":"Banks recover over Rs 7.34 lakh cr in six-and-a-half years till Dec 2021"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4220303023\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p> New Delhi, Mar 15 (PTI) Banks recovered over Rs 7.34 lakh crore in the past six years and the first six months of the current fiscal year, the government said in Parliament on Tuesday.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2838080986\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> During the past six financial years and the first six months of the current financial year, banks have effected an aggregate recovery of Rs 7,34,542 crore, in non-performing assets and written-off loan accounts, including those reported as fraud, Minister of State for Finance Bhagwat Karad said in a written reply to the Rajya Sabha.<\/p>\n<p> On recovery of fraud amounts, the minister said Rs 55,895 crore have been recovered in the past six financial years and the current financial year up to December 31, 2021, he said.<\/p>\n<p> The minister said the Reserve Bank of India had issued master directions on fraud to banks in 2016 and the government has instituted wide-ranging structural and procedural reforms to check frauds in banks.<\/p><div class=\"trade-content_5\" id=\"trade-231127571\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> He added that these systematic and comprehensive checking of frauds, including the legacy stock of non-performing assets, led to the unearthing of frauds perpetrated over the years.<\/p>\n<p> These steps have helped in a sharp decline in fraud amount from Rs 68,962 crore in 2015-16 to Rs 11,583 crore in 2020-21.<\/p>\n<p> During the April-December period of 2021-22, the amount involved in bank frauds stood at Rs 648 crore, he added. PTI KPM  KPM HRS hrs<\/p>\n<div class=\"trade-after-content\" id=\"trade-162331694\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Mar 15 (PTI) Banks recovered over Rs 7.34 lakh crore in the past six years and the first six months of the current fiscal year, the government said in Parliament on Tuesday. During the past six financial years and the first six months of the current financial year, banks have effected an aggregate [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1697,31],"tags":[],"class_list":["post-29440","post","type-post","status-publish","format-standard","hentry","category-economy","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Banks recover over Rs 7.34 lakh cr in six-and-a-half years till Dec 2021 - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/rsq-banks-recovery\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Banks recover over Rs 7.34 lakh cr in six-and-a-half years till Dec 2021\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Mar 15 (PTI) Banks recovered over Rs 7.34 lakh crore in the past six years and the first six months of the current fiscal year, the government said in Parliament on Tuesday. 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