Rs 14.56 Lakh Crore Written Off As Bad Loans Since 2014: Finance Ministry

Out of the total Rs 14,56,226 crore, written off loans of large industries and services stood at Rs 7,40,968 crore.

Banks have written off bad loans worth Rs 14.56 lakh crore in the last nine financial years starting 2014-15, Parliament was informed on Monday.

Out of the total Rs 14,56,226 crore, written off loans of large industries and services stood at Rs 7,40,968 crore.

Scheduled Commercial Banks (SCBs) have recovered an aggregate amount of Rs 2,04,668 crore in written-off loans, including corporate loans, since April, 2014 and up to March, 2023, Minister of State for Finance Bhagwat Karad said in a written reply to Lok Sabha.