Business

Finance Minister Arun Jaitley said on Thursday commercial banks were likely to recover 70,000 crore rupees of bad loans by end of March, helped by resolution of 12 large cases.Some of big cases such as Bhushan Power and Steel Ltd and Essar Steel India Ltd are in advanced stages of resolution, and are likely to be resolved in this financial year, Jaitley said in a blog post on Facebook.Lenders have so far recovered 80,000 crore rupees from resolution of 66 cases, he added.





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