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India’s public sector banks have written-off Rs 10.42 lakh crore loans in nine years between FY2015 and FY2023, as per the Reserve Bank of India’s data shared by the union finance ministry in the Lok Sabha in December last year. Of this, the banks have recovered Rs 1.61 lakh crore.
An RTI reply to transparency activist commodore Lokesh Batra (retired) earlier this month detailed the bank-wise data on reduction in non-performing assets and recovery from written-off accounts for the nine-year period.
