gatherings 2020 Government

₹8,000 cr of recoveries in FY21

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₹697.20 crore in the fourth quarter ended March 31, due to lower provisioning against bad loans.The second largest public sector lender had posted a loss of ₹4,750 crore in January-March period of 2018-19.The bank''s total income during the March quarter rose to ₹16,388.32 crore from ₹14,725.13 crore in the year-ago period.Addressing media PNB managing director S S Mallikarjuna Rao on Saturday said the bank has done the cash recovery of ₹10,000 crore during the fiscal, while containing the fresh slippages to ₹20,000 crore.Going forward, he said, the bank is expecting the recovery of ₹6,000-8,000 crore during the current fiscal and recovery will gather momentum from the third quarter onwards.There are some leftovers from the previous year,.

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