state-run banks' bad debts
Indian gov't confiscates properties worth 33 bln USD as state-run banks' bad debts spike
Various agencies of the Indian government have confiscated, or taken over, fixed properties worth 230,000 crore Indian Rupees (approximately 33 billion U.S. dollars) belonging to state-run banks' non-performing assets (NPAs) over the last three financial years, the country's Junior Finance Minister Anurag Thakur told the parliament, according to media reports on Tuesday.