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Banks write off bad loans worth Rs 2.09 lakh crore in 2022-23: RBI

The RBI’s RTI reply to The Indian Express says that loan write-offs by banks rose to Rs 209,144 crore during the fiscal ended March 2023 as against Rs 174,966 crore a year ago in March 2022 and Rs 202,781 crore in March 2021.

#banking #LoanWriteOffs #BadLoans #GNPA #SBI #PNB #UnionBank #BankOfBaroda #CentralBankOfIndia #banks #RBI #economy #RTI #india

indianexpress.com/article/busi

The Indian ExpressBanks write off bad loans worth Rs 2.09 lakh crore in 2022-23: RBIBy George Mathew