State-run banks recover bad loans worth over $8 bn in April-September quarter
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Indian state-run banks recovered 607.3 billion rupees ($8.69 billion) of outstanding bad loans in the April-September period, which a finance ministry official said on Thursday was a "record" haul.

Financial Services Secretary Rajeev Kumar said the government would give funds to four to five banks under a prompt corrective action plan after considering their financial results.

He also said banks have raised 244.4 billion rupees from the market this fiscal year.

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