%20(500%20%C3%97%20280%20px)%20(500%20x%20300%20px)%20(13).png "Scheduled Commercial Banks Write Off Over ₹16 Lakh Crore in Loans (FY15-FY24)")
Contents:
a) ₹10 lakh crore
b) ₹12 lakh crore
c) ₹16 lakh crore
d) ₹20 lakh crore
- Scheduled commercial banks wrote off over ₹16 lakh crore in loans between FY15 and FY24.
- The write-offs include non-performing assets (NPAs) fully provisioned as per RBI guidelines.
- The report highlights year-wise details of write-offs, with FY19 recording the highest at ₹2.36 lakh crore.
- It emphasizes that write-offs do not absolve borrowers of liabilities, and recovery efforts continue through legal and insolvency mechanisms.
Question:
Q.1 How much loan amount was written off by scheduled commercial banks between FY15 and FY24, as per the Finance Ministry's report?a) ₹10 lakh crore
b) ₹12 lakh crore
c) ₹16 lakh crore
d) ₹20 lakh crore
Answer: c) The Finance Ministry's report states that scheduled commercial banks wrote off over ₹16 lakh crore in loans between FY15 and FY24.
