Public sector banks reportedly wrote off a record Rs 81,683 crore worth of bad loans in the financial year ended March 2017. The finance ministry data says this is a jump of more than 41 per cent over the previous year’s write-off amount of Rs 57,586 crore. According to the data, banks have written off a total of Rs 2.46 lakh crore worth of loans in the last five years.
By Vikraman Maniraj | Aug 7, 2017 9:42 AM #NPA #WriteOff #PSU
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