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Banks recover Rs 40,400 crore from defaulters in FY18: RBI

The various channels through which lenders recovered their bad loans include the Insolvency and Bankruptcy Code (IBC), SARFAESI Act, debt recovery tribunals (DRTs) and Lok Adalats.

The amount infused will help the banks meet regulatory capital requirement, and its disbursement might take place before December 31.
Bank strike: Banking and ATM services to be affected as over 1 million bank employees go on strike against the merger of these state-owned banks.
This is the fourth OMO bond purchase announced by the RBI since the bi-monthly policy statement on December 5, 2018.