Bad loan write-offs by banks rose 140% over their losses in FY18
Public sector banks have written off bad loans worth â¹1.20 lakh crore, an amount that is nearly 140% of their total losses posted in fiscal 2017-18. India's largest lender SBI alone has written off bad loans of â¹40,196 crore during 2017-18. All the 21 public sector banks collectively suffered a net loss of â¹87,357 crore in 2017-18.