New Delhi, August 2
Banks have written off loans worth about Rs 10 lakh crore in the last five financial years, Parliament was informed on Tuesday.
During 2021-22, the write-off amount came down to Rs 1,57,096 crore compared to Rs 2,02,781 crore in the previous year, Minister of State for Finance Bhagwat K Karad said in a written reply in Rajya Sabha.
In 2019-20, the write-off was worth Rs 2,34,170 crore, down from Rs 2,36,265 crore, the highest in five years recorded in 2018-19.
During 2017-18, the write-off by banks stood at Rs 1,61,328 crore, he said.
In all, he said, bank loans to the tune of Rs 9,91,640 crore have been written off in the last five years–2017-18 to 2021-22.
He also said that “scheduled commercial banks (SCBs) and all Indian financial institutions report certain credit information of all borrowers having aggregate credit exposure of Rs 5 crore and above to RBI under its Central Repository of Information on Large Credits (CRILC) database”.
As per RBI, the CRILC data in respect of wilful defaulters is maintained from 2018-19 onwards, he said, adding total number of wilful defaulters in the last four years stood at 10,306.
