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Banks Sell Half Of The Loans Put Up For Sale This Fiscal
Banks managed to sell around Rs 22,000 crore worth loans to ARCs in 2018-19.
20 Mar 2019, 07:15 AM IST
Banks managed to sell half of the loans they put up for sale this fiscal at better prices than last year, according to four people familiar with the numbers, as recoveries through insolvency process are expected to rise.Asset reconstruction companies purchased at least Rs 22,000-crore loans from a total of Rs 40,000 crore banks tried to sell in the year ending March, the people said on the condition of anonymity as details of stresse...
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