NEW DELHI: Gross bad loans of public sector banks have come down to Rs 7.9 lakh crore from Rs 8.65 lakh crore at December-end 2018 said FM.
To prevent Nirav Modi like frauds, SWIFT messages have been linked to core banking system, says FM.
There is no government interference in commercial decisions of banks, says Sitharaman.
Partial credit guarantee scheme for NBFCs executed; Rs 3,300 cr liquidity support given and Rs 30,000 cr in pipeline said FM Nirmala Sitharaman.
Gains are visible from reforms in PSBs as 14 of them reported profit in first quarter of 2019-20 said Sitharaman.(agencies)
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