Banks slowly reviving bad loan sales to ARCs, Rs 20k cr put on block in H1

Banks slowly reviving bad loan sales to ARCs, Rs 20k cr put on block in H1

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In the fiscal ended March 2020, about Rs 55,049 crore of bad loans were put up for sale, down from Rs 1.30 lakh crore in 2018-19, though it is not clear how much of these were finally sold in 2019-20.

Synopsis

Industry data accessed by ET show that banks have identified bad loans worth Rs 19,947 crore to be sold during the first half of the current fiscal.

Mumbai: After a washout in the first quarter, banks are gradually reviving bad loan sales to asset reconstruction companies (ARCs).Industry data accessed by ET show that banks have identified bad loans worth Rs 19,947 crore to be sold during the first half of the current fiscal. The majority of it, barring Rs 285 crore by State Bank of India (SBI), came in the second quarter ended September. Total value of accounts identified this year is less

BY

ET Bureau

4 mins read, Last Updated:

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