Presenting the figures of the last five years in the Parliament, it has been told that the loans stuck in the banks for five years have been transferred to the write-off account as per the guidelines of RBI.
Finance Minister Nirmala Sitharaman has given complete information about the amount written off by the country's banks in the Rajya Sabha. Presenting the data of the last 5 years in the Parliament, the Finance Minister said that in the last five years, banks have written off a total of 10 lakh 9 thousand 511 crore bad loans and this balance has been written off in the books of accounts. has been removed from
Presenting the figures of the last five years in the Parliament, Finance Minister Nirmala Sitharaman has told that the loans stuck in the banks for the last five years have been transferred to the write-off account as per the RBI guidelines. Along with this, banks have also rectified their existing books. According to the Reserve Bank's data, banks have written off more than 10 lakh crores in the last five years.
According to statistics, in the last 5 years, the government bank has recovered 1,03 lakh crores out of the waived loans. Also, in the last 5 years, scheduled commercial banks have waived loans worth 10.09 lakh crores.
In the last financial year, SBI has written off maximum loans worth Rs 19,666 crore. In the last financial year, Union Bank wrote off maximum loans worth Rs 19,484 crore. In the last financial year, PNB wrote off maximum loans worth Rs 18,312 crore. In the last financial year, Bank of Baroda has written off maximum loans worth Rs 17,967 crore.
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