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Author: trrk1941
Indian Banks Wrote Off Rs. 16.35 Lakh Crore in Bad Loans Over a Decade The Finance Ministry recently informed Parliament that banks in India have written off a massive Rs. 16.35 lakh crore in bad loans over the past ten years. The Reserve Bank of India (RBI) explained that these write-offs follow regulatory norms requiring banks to make full provisions for Non-Performing Assets (NPAs). The aim is to clean balance sheets, support financial stability, and keep recoveries a top priority. Bad Loan Write-Offs Over the Years Financial Year Total NPAs Written Off (Rs. Crore) Written Off for Large Industries &…
