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Banks wrote off bad loans worth over Rs 2.09 lakh crore during financial year (FY)2022-23, taking the total loan write-off by the banking sector to Rs 10.57 lakh crore in the last five years, the Reserve Bank of India (RBI) said in a Right to Information (RTI) reply to the Indian Express.
This loan write-off aided banks to bring down gross non-performing assets (GNPA) or loans defaulted by borrowers to a 10-year low of 3.9 percent of advances in March 2023, according to the report.
IMF And Goldman Sachs Predict GDP For 2075:
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Accuracy: 100% Minimum Capital Required: Rs. 25 Lac / Rs. 50 Lac / Rs. 1 Crore *Committed Return: Rs. 30 Lac / Rs. 1 Crore / Rs. 2.5 Cro...
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LICHSGFIN 29th October 310 CE Buy 5 Lots At 6.90 Now Cmp: 6.90 Lot Size: 2000 Total Quantity: 10000 Hold As It Is For Best TARGET Pay Now ...