Bad Loans Worth Rs 60,730 Crore Recovered In 6 Months

State-run banks recovered Rs 60,730 crore ($8.69 billion) of outstanding bad loans in the April-September period, which a finance ministry official said on Thursday was a "record" haul. Financial Services Secretary Rajeev Kumar said the government would give funds to four to five banks under a prompt corrective action plan after considering their financial results.

He also said banks have raised Rs 24,440 crore from the market this fiscal year.

($1 = Rs 69.89)