Three of the seven banks that have declared quarterly results have shown better recoveries from sticky loans, following a government nod to lenders to go after wilful defaulters. Bank of BarodaBSE 0.97 %, Allahabad BankBSE 2.08 % and Bank of India saw better recoveries from sticky loans after the government allowed them to publish names of wilful defaulters and auction their collateralised assets. Bank of Baroda's slippages fell to Rs 1,600 crore in the three months to September 30, compared with Rs 1,800 crore in the year-ago quarter. Chairman and managing director SS Mundra said he expects that the worst may be over so far as asset quality is concerned, and that performance would stabilise over the next few years.
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