Public sector banks (PSBs) have written off loans worth Rs 53,625 crore in the six months to September this financial year, Parliament was informed today. During five years ending March 31, 2017, PSBs had written off non-performing assets (NPAs) of Rs 2.50 lakh crore cumulatively. Break-up wise, PSBs' write off was Rs 27,231 crore in 2012-13, rising steadily to Rs 34,409 crore in 2013-14; Rs 49,018 crore in 2014-15; Rs 57,585 crore in 2015-16 and hit a high of Rs 81,683 crore in 2016-17. Shukla was replying to a question on quantum of NPAs written-off by public sector banks over the last three years. As per RBI guidelines, NPAs including those against which full provisioning has been made, are removed from the balance sheet of the banks on completion of four years.

Source: dna February 06, 2018 16:52 UTC