A recent Parliament reply disclosed that scheduled commercial banks have written off loans worth about Rs 10 lakh crore in the last five financial years.According to a reply by the Finance Ministry, during 2021-22, the write-off amount came .
A Union Minister’s written reply in Parliament that banks have written off loans worth about Rs 10 lakh crore in the last five financial years should in normal course elicit shock and derision over why and how big defaulters manage a safe passage when small-time borrowers cannot expect any mer
Scheduled commercial banks (SCBs) have written off non-performing assets (NPAs) worth over Rs9.92 lakh crore during the last five financial years (FYs)
Banks have written off loans worth about Rs 10 lakh crore in the last five financial years, Minister of State for Finance Bhagwat K Karad said in a written reply in the Rajya Sabha.