Bad loan clean-up: PSU banks write off Rs 6.15 lakh crore in 5.5 years; Govt informs Lok Sabha
Public sector banks have written off Rs 6.15 lakh crore in loans over five-and-a-half years, a move aimed at balance-sheet cleanup, not waiving borrower debt. This process, following RBI guidelines, allows for continued recovery efforts and tax benefits, strengthening banks' financial positions without impacting liquidity.
Public sector banks have written off Rs 6.15 lakh crore in loans over five-and-a-half years, a move aimed at balance-sheet cleanup, not waiving borrower debt. This process, following RBI guidelines, allows for continued recovery efforts and tax benefits, strengthening banks' financial positions without impacting liquidity. What's Your Reaction?
