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    HomeNewsBusinessCompaniesRecovery of Rs 7,000 crore NPAs to reflect in Q4 numbers: BoI

    Recovery of Rs 7,000 crore NPAs to reflect in Q4 numbers: BoI

    Bank of India recovered non-performing assets (NPAs) worth Rs 7,000 crore. In an interview with CNBC-TV18, Dinabandhu Mohapatra, MD and CEO of the company shared his views and outlook for NPAs going ahead.

    CNBC-TV18
    March 13, 2018 / 10:52 IST

    Bank of India recovered non-performing assets (NPAs) worth Rs 7,000 crore. In an interview with CNBC-TV18, Dinabandhu Mohapatra, MD and CEO of the company shared his views and outlook for NPAs going ahead.

    We have recovered around Rs 7,000 crore, which will be reflected in Q4 of FY18, he said.

    Expect to recover another Rs 2,000-3,000 crore in next 2-3 months, he added.

    Targeting further recoveries to improve our gross NPA level, said Mohapatra.

    Expect Q1 and Q2 gross NPAs to be significantly good, he further mentioned.

    According to him, all National Company Law Tribunal (NCLT) accounts will be solved in Q1FY19.

    For full interview, watch accompanying video…

    CNBC-TV18
    first published: Mar 13, 2018 10:47 am

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