Banks recover Rs 13,100 cr from assets sale of defaulters like Vijay Mallya, Nirav Modi: FM

Finance Minister Nirmala Sitharaman said that banks have recovered Rs 13,109.17 crore from the asset sale of fugitives like Vijay Mallya, Nirav Modi and Mehul Choksi.

Finance Minister Nirmala Sitharaman on Monday said that banks have recovered Rs 13,109.17 crore from asset sale of fugitives like Vijay Mallya, Nirav Modi and Mehul Choksi.

She said this while replying to a discussion on the second batch of Supplementary Demands for Grants which was approved by the Lok Sabha amid uproar by the Opposition over various issues. The Supplementary Demands for Grants authorised the government to spend an additional Rs 3.73 lakh crore during the current fiscal.