Indian banks continue to stand healthy, strong and resilient amidst global turmoil and while Non-Performing Assets (NPAs) are coming down, profit margins are going up, Finance Minister Nirmala Sitharaman said on Tuesday.
Replying to queries during question hour in Rajya Sabha, Sitharaman said banks had recovered Rs 33,801 crore from wilful defaulters by March 31 this year with over Rs 15,000 crore returned through Enforcement Directorate actions under the Prevention of Money Laundering Act (PMLA).
