<h1>India's 4R Strategy Boosts Public Sector Banks: Major Reforms and Recapitalization Enhance Credit Growth and Asset Quality.</h1> Over the past four financial years, India has implemented a 4R strategy to strengthen Public Sector Banks (PSBs), focusing on recognizing non-performing assets (NPAs), resolving stressed accounts, recapitalizing banks, and reforming banking practices. The government infused Rs. 2.20 lakh crore into PSBs, while banks raised Rs. 0.66 lakh crore. Key reforms include the Insolvency and Bankruptcy Code, the Fugitive Economic Offenders Act, and governance improvements. These measures have led to significant recoveries, improved asset quality, and reduced NPAs. Credit growth increased from 0.78% in FY 2016-17 to 7.51% in FY 2018-19, reflecting the positive impact of these reforms.