Banks have written off double the amount recovered in last 5 yrs: RBI data

Public sector banks write off Rs 7 trillion in 5 years, which is double the govt's capital infusion since 2014

Commercial banks in India have written off a whopping Rs 9.54 trillion worth of bad loans in the last five years, of which more than Rs 7 trillion was by public sector banks. The amount banks have written off is more than double the sum recovered during the period.

According to the Reserve Bank of India (RBI) data, the amount recovered in the last five years through various channels such as lok adalats, debt recovery tribunals, the SARFAESI Act, and the Insolvency and Bankruptcy Code (IBC) was Rs 4.14 trillion.

Bankers often argue that write-offs do not mean that they