Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Rs 4 lakh cr of bad loans recovered through insolvency and bankruptcy proceedings: Anurag Thakur

Feb 7, 2020, 20:25 IST

PTI

New Delhi, Feb 7 () Due to the Modi government's efforts to bring down non-performing assets (NPAs) in financial institutions, Rs 4 lakh crore has been recovered through insolvency and bankruptcy proceedings in the NDA regime which is a "major achievement," Union minister Anurag Thakur on Friday said.

The minister of state for finance was addressing the 70th annual function of the Institute of Chartered Accountants of India here.

He said the government is also planning to provide PAN cards based on Aadhaar without seeking any additional documents. JBL KND AQS

(This story has not been edited by www.businessinsider.in and is auto–generated from a syndicated feed we subscribe to.)