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Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wpforms-lite domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /opt/bitnami/apps/wordpress/htdocs/wp-includes/functions.php on line 6121 Banks have written off bad loans worth Rs 10.8 lakh crore in last eight years - IAMC
Banks have written off bad loans worth Rs 10.8 lakh crore in last eight years
Banks have been facing the problem of bad loans for a while now. Bad loans are largely loans which haven’t been repaid for a period of 90 days or more.
The bad loans of Indian banks peaked at Rs 10.36 lakh crore as of March 2018. They have come down since then. In a recent answer to a question raised in the Lok Sabha, the government said bad loans as of March 2021 had fallen to around Rs 8.35 lakh crore. Given this, bad loans have fallen by a little over Rs 2 lakh crore between March 2018 and March 2021.
While this sounds like a decent fall, it does not consider the fact that loans worth lakhs of crores have been written off by banks over the years….
