<h1>Government's 4R Strategy Cuts Public Sector Banks' NPAs by Rs. 1.06 Lakh Crore with Reforms and Recapitalization.</h1> The Central Government has implemented a 4R's strategy to reduce Non-Performing Assets (NPAs) in Public Sector Banks (PSBs), focusing on recognition, resolution, recapitalization, and reforms. The strategy includes transparent identification of NPAs, recovery from stressed accounts, and significant recapitalization of PSBs. Key reforms include changes in credit culture through the Insolvency and Bankruptcy Code, stricter loan policies, and enhanced monitoring. As a result, NPAs decreased from Rs. 8,95,601 crore in March 2018 to Rs. 7,89,569 crore in March 2019, with record recoveries of Rs. 3,16,479 crore over four years.