Public sector banks wrote off â¹2.41 tn loans in over 3 years
Public sector banks wrote off â¹2.41 trillion worth of loans between April 2014 and September 2017, the government has said. It added, "Borrowers of such written off loans continue to be liable for repayment." The government further said the recovery of dues takes place on an ongoing basis under a legal mechanism so that write-offs do not benefit borrowers.