The government expects state-run banks to gain about Rs 2 lakh crore this year through the recovery of bad loans and sales of non-core assets. “We find NPAs are coming down… debtors are paying up because they may have to face IBC proceedings otherwise,” Jaitley said. He said lenders also expect to earn close to Rs 18,000 crore in this financial year from non-core divestments. Officials said the government has decided to infuse Rs 2,350 crore into Central Bank of India to meet its capital requirements. With this, the government will inject around Rs 13,600 crore into public sector banks this financial year.

Source: The Telegraph September 25, 2018 21:56 UTC