NEW DELHI: Indian public and private sector banks wrote off Rs. 8,48,156 crore from 2019 to 2022 (four years), India’s Finance Minister Nirmala Sitharaman told in a reply to the Indian Parliament, on a question by K. Subbarayan, CPI on 12 November, 2022. In his question to the Indian Mionister, Mr Subbarayan asked for information on ‘details of amount written off in respect of Non-Performing Assetts (NPAs) of banks between the years 2019-2022, account and bank-wise; and the percentage of education loans to the NPAs?’ (Lok Sabha Starred Question No. 67).
The Indian Finance Minister laid down a statement in the House as follows:
Source- AIBEA’s Banking News, 12-12-2022
The All India Bank Employees Association (AIBEA) has demanded the publication of the list of all defaulters every six months to stop the wilful defaulters looting peoples savings, the AIBEA’s Banking News says.
