FM assures to purse every NPA, recover money

Finance minister (FM) Nirmala Sitharaman has assured that the government will pursue every non performing asset (NPA) actively. All the money taken away from the banks will be taken back as the government is actively pursuing the cases of loan defaulters, irrespective of whether they are in India or outside the country, she added. Sitharaman highlighted that in order to bring down the NPAs, the government followed a specific ‘4Rs’ strategy of recognition, resolution, recapitalisation and reforms that is now showing results.