Public banks have written off â¹2.5 lakh crore loans in 5 yrs
Public sector banks have written off nearly â¹2.5 lakh crore loans in the last five financial years, the Finance Ministry said. As many as 27 public sector banks have written off â¹81,683 crore in 2016-17, the highest in the last five fiscals. Notably, SBI and its erstwhile associates alone have written-off â¹27,574 crore during the 2016-17 period.