Tag: Bad loan
-
Indian Banks Write Off Over ₹2.09 Lakh Crore in Bad Loans In FY23
Banks in India have written off bad loans worth over ₹2.09 lakh crore in the fiscal year 2023. This brings the total loan write-offs by banks to ₹10.57 lakh crore in the past five years. Banks use loan write-offs to reduce the burden of non-performing assets. However, the amount recovered from these written-off loans has ...