Discount in NPAs for PSBs because of write-offs at Rs 1,31,894 crore in FY21: RTI

Reduction in NPAs for PSBs due to write-offs at Rs 1,31,894 crore in FY21: RTI - Times of India

MUMBAI: Discount in non-performing belongings (NPAs) because of write-offs for public sector banks (PSBs) stood at Rs 1,31,894 crore throughout fiscal 2020-21, in line with an RTI response.
The RTI question was filed by Nagpur-based Sanjay Thul searching for data on non-performing belongings (NPAs) of state-run banks and dangerous loans write-off by PSBs within the final ten years from the Reserve Financial institution of India (RBI).
‘Discount in NPA – because of write-off’ for PSBs for 2020-21 stood at Rs 1,31,894 crore, the RBI stated within the RTI reply.
In FY2019-20, the quantity stood at Rs 1,75,877 crore, the RBI stated within the RTI reply.

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