Loans worth Rs 10.09 lakh cr written off in last 5 fiscals: Nirmala Sitharaman

According to Reserve Bank of India (RBI) data, public sector banks have recovered Rs 4,80,111 crore, including Rs 1,03,045 crore from written-off loans, during the last five financial years, she said. As per inputs received from the RBI, scheduled commercial banks have written off an amount of Rs 10,09,511 crore during the last five financial years, Nirmala Sitharaman said during Question Hour.

from Banking/Finance-Industry-Economic Times https://ift.tt/1eQmoUy