₹7.34 lakh crore recovered by banks since FY16: MoS Finance

Minister of State for Finance Bhagwat Karad on Tuesday said banks have recovered ₹7,34,542 crore in the last six financial years and in the first six months of FY22. This includes recoveries in cases of non-performing assets and written-off loan accounts. He added that systematic and comprehensive checking led to unearthing of frauds perpetrated over the years.