Bank of India expects to recover 2,500 crores of bad loans per quarter

The public sector bank reported gross NPAs at 9.98% of loans as of March 2022, down from 10.46% in the quarter ended December. Das said he expects the bank's NPA to be below 8% in March 2023 due to a combination of improving bad loan recoveries and restrained fresh slippages.

from Banking/Finance-Industry-Economic Times https://ift.tt/1z8v0K6