Banks wrote off bad loans worth Rs 16.35 trillion in last 10 years: Govt

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Banks wrote off bad loans worth Rs 16.35 trillion in last 10 years: Govt - Business Standard

Quick Summary:

Banks write off non-performing assets (NPAs), including those in respect of which full provisioning has been made on completion of four years, as per the Reserve Bank of India (RBI) guidelines and policy approved by banks' boards, Finance Minister Nirmala Sitharaman said in a reply in the Lok Sabha.

Banks have written off non-performing assets (NPAs) or bad loans worth about Rs 16.35 lakh crore in last 10 financial years, Parliament was informed on Monday.

Highest amount of Rs 2,36,265 crore was written off during financial year 2018-19 while NPAs worth Rs 58,786 crore were written off in 2014-15, the lowest in the last 10 years.