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flag Indian banks reported significant non-performing assets, with public sector banks faring worse than private ones.

flag As of September 30, 2024, public sector banks in India reported non-performing assets (NPAs) of Rs 3.16 lakh crore, or 3.09% of their loans, while private sector banks had NPAs of Rs 1.34 lakh crore, or 1.86%. flag There were 580 borrowers classified as wilful defaulters, each owing over Rs 50 crore. flag Up to September 30, 1,068 corporate insolvency cases were resolved, recovering Rs 3.55 lakh crore for creditors.

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