New Delhi: Indian state-run banks recovered 607.3 billion ($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.

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

(This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed)

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