Banks write off NPAs worth Rs 516 cr of 38 wilful defaulters in H1 FY18

Write-off in banking parlance means that the bank has made 100 per cent provision from its earning against that account

Banks write off NPAs worth Rs 516 cr
Wilful defaulter is somebody who has not used the fund for the purpose it was borrowed or he has not repaid when he can do so; he has siphoned off the funds or he disposed of the assets pledged for loan without the bank's knowledge. Image source: Reuters

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