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Banks write off Rs 10 57 lakh crore in 5 years, make NPA recovery worth Rs 7 17 lakh crore: Finance Ministry

Banks write off Rs 10 57 lakh crore in 5 years, make NPA recovery worth Rs 7 17 lakh crore: Finance Ministry
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Banks write off Rs 10 57 lakh crore in five years, make NPA recovery worth Rs 7 17 lakh crore

"Comprehensive steps have been taken to recover NPAs, enabled by which, SCBs have made an aggregate recovery of Rs 7,15,507 crore (RBI provisional data for FY 2022-23) in NPA accounts, including written-off loans, during the last five financial years," Minister of State for Finance Bhagwat Karad said.

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Banks write off Rs10 57 lakh crore in five years, make NPA recovery worth Rs7 17 lakh cr: FinMin

Banks write off Rs10 57 lakh crore in five years, make NPA recovery worth Rs7 17 lakh cr: FinMin
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Banks Write Off Rs 10 5 Lakh Crore In 5 years, NPA Recovery Of Rs 7 1 Lakh Crore

Banks have written off Rs 10.57 lakh crore during the last five financial years, of which Rs 5.52 lakh crore was in respect of loans pertaining to large industries, the government informed the Parliament today.

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UPSC Key—5th December, 2023: Write-off of a Loan, Crime in India Report and Aircraft Accidents in Indian Air Force

Exclusive for Subscribers from Monday to Friday: Why Aspirational District Programme, Volcanoes and Volcanic Landforms are relevant to the UPSC Exam? What significance do topics like Air safety measures for Pilots in defence, National Crime Records Bureau, Ring of Fire, write-off and loan waiver have for both the preliminary and main exams? You can learn more by reading the Indian Express UPSC Key for December 5, 2023.

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