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Banks Lost Rs 1.76 lakh Crore to 416 Loan Defaulters in 3 Years, Big Hike in Write Offs Seen After Demone...
October 10, 2019 | By News18.com
business
The RTI replies demonstrate a constant surge in the amount written off by public sector banks and private banks in the country since 2014-15. Between 2015 and 2018, a total of Rs 2.17 lakh crore were written off as bad debts.
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New Delhi: In the last three years, the Indian banking system has lost Rs 1.76 lakh crore on account of non-performing loans of 416 defaulters - each owing Rs 100 crore or more being written off. On an average, the amount declared as bad loans turns out to be
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