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RBI Says Banks Wrote Off Bad Loans Worth Rs2.09 Lakh Crore in FY22-23: Report

Reserve Bank of India (RBI), responding to a Right to Information (RTI) query, says during the financial year (FY) 2022-23, banks in the country wrote off bad loans worth Rs2.09 lakh crore, taking the total write-off by the banking sector to Rs10.57 lakh crore during the past five years, says a report. ....

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40% of Gross NPAs of Banks Pertain to Top 312 Defaulters: Govt

Nearly 40% of the gross non-performing assets (NPAs) of scheduled commercial banks pertain to the top 312 defaulting borrowers and, during the past five years, ....

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Banks Wrote Off Rs10.09 Lakh Crore Bad Loan from FY18 to FY22 While Govt Infused Rs2.76 Lakh Crore in PSBs

All scheduled commercial banks (SCBs) wrote off Rs10.09 lakh crore during the past five financial years, from FY17-18 to FY21-22, while during the same period, the Union government has infused Rs2.76 lakh crore to recapitalise public sector banks (PSBs), the Lok Sabha was informed. ....

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