Banks write off Rs 16.35 lakh crore bad loans over decade: Centre

In her written response in the Lok Sabha, Finance Minister Nirmala Sitharaman clarified that writing off bad loans does not mean borrowers are exempt from repayment.

Banks write off Rs 16.35 lakh crore bad
In 2023-24, banks wrote off bad loans worth Rs 1,70,270 crore, which is lower than the Rs 2,16,324 crore written off in the previous year. (Image: File/PTI)

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