Public sector banks (PSBs) wrote off Rs 2.41 lakh crore worth of loans
between April 2014 and September 2017, the Rajya Sabha was informed on
Tuesday April 03,2018
Writing-off non-performing assets (NPAs) or bad loans is a regular exercise conducted by banks to clean up their balance sheet, and achieving taxation efficiency, Minister of State of Finance Shiv Pratap Shukla said in a written reply.
"As per Reserve Bank of India (RBI) data on global operations, public sector banks have written-off (including compromise) an amount of Rs 2,41,911 crore from financial year 2014-15 till September 2017," the minister said
Writing-off non-performing assets (NPAs) or bad loans is a regular exercise conducted by banks to clean up their balance sheet, and achieving taxation efficiency, Minister of State of Finance Shiv Pratap Shukla said in a written reply.
"As per Reserve Bank of India (RBI) data on global operations, public sector banks have written-off (including compromise) an amount of Rs 2,41,911 crore from financial year 2014-15 till September 2017," the minister said
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