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)
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