Rs 10 lakh cr bad loans recovered in 10 yrs: FM

Under the UPA, obtaining loans from banks often depended on powerful connections rather than a solid business proposition - Nirmala Sitharaman, Finance minister            

New Delhi: Finance Minister Nirmala Sitharaman on Friday said the Modi government has turned around the banking sector through various reforms and improved governance which has led to banks recovering more than Rs 10 lakh crore from bad loans between 2014 and 2023. She said the Enforcement Directorate has investigated around 1,105 bank fraud cases, which resulted in the attachment of Rs 64,920 crore worth of proceeds of crime.