Banks write off Rs 16.35 lakh crore in bad loans over last 10 years
Banks have written off Rs 16.35 lakh crore in NPAs over the past decade, with the highest in FY 2018-19 at Rs 2,36,265 crore and the lowest in FY 2014-15 at Rs 58,786 crore. Despite these write-offs, banks continue recovery efforts. Finance Minister Nirmala Sitharaman clarified write-offs do not benefit borrowers.
Banks have written off Rs 16.35 lakh crore in NPAs over the past decade, with the highest in FY 2018-19 at Rs 2,36,265 crore and the lowest in FY 2014-15 at Rs 58,786 crore. Despite these write-offs, banks continue recovery efforts. Finance Minister Nirmala Sitharaman clarified write-offs do not benefit borrowers.
