Bank crisis: Arun Jaitley defends loan write-offs by public sector banks, says it helps lenders
Finance Minister Arun Jaitley Monday defended loan write-offs by public sector banks, saying they do not lead to loan waivers and the exercise helps lenders clean up their balance sheets and achieve taxation efficiency.
![Bank crisis: Arun Jaitley defends loan write-offs by public sector banks, says it helps lenders Bank crisis: Arun Jaitley defends loan write-offs by public sector banks, says it helps lenders](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_850x478/public/2018/10/01/54241-arun-jaitley-reuters.jpg?itok=jPN1zm6T&c=451cd95638e0cfa51820eeafe46cc2f9)
Arun Jaitley said public sector banks have recovered Rs 36,551 crore of bad loans or NPAs during April-June quarter of the current financial year as compared to Rs 74,562 crore recoveries made in the full 2017-18 fiscal. Image source: Reuters