Banks slowly reviving unhealthy mortgage gross sales to ARCs, Rs 20okay cr placed on block in H1

In the fiscal ended March 2020, about Rs 55,049 crore of unhealthy loans have been put up on the market, down from Rs 1.30 lakh crore in 2018-19, although it isn’t clear how a lot of those have been lastly bought in 2019-20.

Synopsis

Industry information accessed by ET present that banks have recognized unhealthy loans value Rs 19,947 crore to be bought in the course of the first half of the present fiscal.

Mumbai: After a washout within the first quarter, banks are steadily reviving unhealthy mortgage gross sales to asset reconstruction firms (ARCs).Industry information accessed by ET present that banks have recognized unhealthy loans value Rs 19,947 crore to be bought in the course of the first half of the present fiscal. The majority of it, barring Rs 285 crore by State Bank of India (SBI), got here within the second quarter ended September. Total worth of accounts recognized this 12 months is much less

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