Public sector banks (PSBs) have written off Rs 1.54 lakh crore of bad loans between April 2013 and June 2016, Parliament was informed on Wednesday.
During 2013-14, all PSBs had written off Rs 34,409 crore non-performing assets (NPAs).
The amount increased further to Rs 49,018 crore in the following year.
Banks wrote off NPAs of Rs 56,012 crore during 2015-16, Minister of State for Finance Santosh Kumar Gangwar said in a written reply to the Rajya Sabha
He further said that Rs 15,163 crore write-off of NPA has taken place during the first quarter of the current fiscal.
Replying to another question, Mr Gangwar said, there were 661 NPA accounts above Rs 100 crore amounting to Rs 3.78 lakh crore from public sector banks as on March 31, 2016. – PTI
— source thehindu.com