BOI hoping to recover around Rs 2,500 Cr in 2-3 quarters, says

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Press Trust of India Hyderabad
Last Updated : Aug 18 2019 | 5:20 PM IST

: Public sector Bank of India is expecting to recover around Rs 2,500 crore with the resolution of about eight to 10 big NPA cases in the National Company Law Tribunal (NCLT), a senior official said on Sunday.

"Recovery will be around Rs 2,500 crores... Eight to 10 big cases. It's only NCLT big cases," BOI Executive Director CG Chaitanya told reporters here when asked about the recoveries from the resolution of the cases.

Asked how many cases he saw getting resolved in the next two quarters and the recoveries he expected to come in, he said: :...Big cases we are looking around eight to 10 cases which get resolved in the quarter two and quarter three. It should give a numbers of around, it should add to my profitability of around Rs 1,500 crore."

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First Published: Aug 18 2019 | 5:20 PM IST

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