Banks write off loans worth Rs 10 lakh crore in last 5 years: Govt in Parliament
Millennium Post Delhi|August 03, 2022
‘Total number of wilful defaulters in the last four years stood at 10,306’
Banks write off loans worth Rs 10 lakh crore in last 5 years: Govt in Parliament

Banks have written off loans worth about Rs 10 lakh crore in the last five financial years, Parliament was informed on Tuesday.

During 2021-22, the write-off amount came down to Rs 1,57,096 crore compared to Rs 2,02,781 crore in the previous year, Minister of State for Finance Bhagwat K Karad said in a written reply in Rajya Sabha.

In 2019-20, the write off was worth Rs 2,34,170 crore, down from Rs 2,36,265 crore, the highest in five years recorded in 2018-19.

During 2017-18, the write-off by banks stood at Rs 1,61,328 crore, he said.

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