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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:
Know Where India, US, China & Other Economies Stand? Watch: https://youtu.be/_WI1Waesef4 #IMF #GDP #topeconomies #indianeconomy #China #India #GoldmanSachsToday #Nifty Closed Near 23,985.35 Adjusted Closing Near #24k Looking Strong ....... If In Coming Days 23,800 Not Break And Close Below ...