Indian Banks Write Off Rs 10.57 Lakh Crore In Last 5 Years

2023 • 10min • News • Business


Published On: December 06, 2023 - Banks have written off Rs 10.57 lakh crore during the last five financial years. Out of this, Rs 5.52 lakh crore was in respect of loans pertaining to large industries. The government informed the Parliament that a total of Rs 2.09 lakh crore worth of loans were written off by banks in FY23. Join News9’s Shweta Kothari, Kartik Malhotra, Krishnakumar, and Subhash Chandra Garg, Former Finance Secretary, for more on this story.