Bombay Rayon repays Central Bank Rs 30 cr, taken off wilful defaulter list

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SummaryBombay Rayon has repaid a third of its Rs 100-crore debt to the Central Bank of India.

said all banks must try and increase recoveries from accounts that have turned bad.

The push for recoveries has shown some results, with PSBs showing increased recoveries in recent quarters. Bank of Baroda recovered R586 crore in the first half of the year, versus R447.41 crore in the first half of last year, while Bank of India recovered R426 crore in the July-September quarter against R316 crore in the same period last year.

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