Indian commercial banks wrote off Rs 12.3 lakh crore in loans between FY15 and FY24. Public sector banks accounted for Rs 6.5 lakh crore of write-offs in the last five years. Write-offs peaked in FY19 at Rs 2.4 lakh crore and fell to Rs 1.7 lakh crore in FY24. Banks continue recovery efforts despite write-offs, which do not waive borrower liabilities.
Related Posts
‘Assam remained peaceful despite 40% Muslim population’: Himanta on Waqf protests
Assam CM Himanta Biswa Sarma reported that the state remained largely peaceful despite limited protests against the Waqf Amendment Act, attributing the calm to effective […]
Viral videos show California’s 7.0 earthquake chaos
A 7.0 magnitude earthquake struck off the Northern California coast, triggering tsunami warnings but causing minimal damage. The quake, centered near the Mendocino Triple Junction, […]
Bangladesh’s new banknotes to exclude Mujibur’s image
Bangladesh’s interim government, led by Muhammad Yunus, has ordered the central bank to redesign banknotes, removing the image of Sheikh Mujibur Rahman. The new currency, […]