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Axis Bank writes off Rs 2,082 crore of loans in January-March quarter - Vimarsana News

Axis Bank writes off Rs 2,082 crore of loans in January-March quarter

During the quarter, the net NPAs declined to 0.31 percent from 0.36 percent in the preceding quarter. Also, recoveries from written off accounts stood at Rs 919 crore.

Indian banks write-off Rs 34,428 crore in Q1 FY24 - Vimarsana News

Indian banks write-off Rs 34,428 crore in Q1 FY24

PSU bank account for 80 percent of the total write-off in the reporting quarter, with private banks accounting for the remaining.