Banks write off loans worth Rs 9.90L cr in last 5 financial years
Millennium Post Delhi|August 07, 2024
In a startling revelation to Parliament on Tuesday, it was disclosed that banks have written off loans amounting to Rs 9.90 lakh crore over the past five financial years.

The information, shared by Minister of State for Finance Pankaj Chaudhary in a written reply to the Rajya Sabha, sheds light on the massive scale of non-performing assets (NPAs) in the banking sector.

The write-offs, while showing a declining trend, remain substantial. For the fiscal year 2023-24, banks wrote off loans worth Rs 1.70 lakh crore, down from Rs 2.08 lakh crore in the previous year. The highest write-off was recorded in 2019-20 at Rs 2.34 lakh crore, which subsequently decreased to Rs 2.02 lakh crore in 2020-21 and Rs 1.74 lakh crore in 2021-22.

Chaudhary explained that these write-offs are conducted in accordance with Reserve Bank of India (RBI) guidelines and policies approved by bank boards.

この蚘事は Millennium Post Delhi の August 07, 2024 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

この蚘事は Millennium Post Delhi の August 07, 2024 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

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