Banks write off twice the money recovered in last five years from various channels

The recovery rate under IBC in the first three financial years (completed) was around 45 per cent. Commercial banks in the country wrote off bad loans worth Rs 9.54 trillion in the last five years, of which more than Rs 7 trillion were made by public sector banks. The amount written off by the banks …

Banks write off twice the money recovered in last five years from various channels Read More »