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: and Rs 4,078, respectively.
The programme has enabled an estimated 427 lakh poor households to gain access to micro-finance from the formal banking system.
SCBs’ NPAs fall
With the availability of number of legal options for recovery of bad loans for the financial sector, the gross non-performing assets of scheduled commercial banks as proportion total assets declined to 1.5 % during 2006-07 from 1.8 % during 2005-06.
The amount recovered and written off (Rs 26,243 crore) was more than the fresh addition (Rs 26, 211 crore) of NPAs during the year. The gross NPAs of SCBs, which had declined by Rs 8,276 crore in 2005-06, declined further by Rs 611 crore in 2006-07.
During 2006-07, the largest number of cases for NPAs recoveries were referred to the lok adalats (1,60,368) followed by the Sarfaesi Act (60,178) and the Debt Recovery Tribunals (4,028). In terms of amounts, the largest amount of Rs 3,749 crore (out of the Rs 9,058)) was recovered under Sarfaesi Act followed by Rs 3,463 crore (out of Rs 9,156 crore) under the DRT....
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