What exactly is loan write-off and exactly how it can help banking institutions
What exactly is loan write-off and exactly how it can help banking institutions The 21 PSU banking institutions have actually written down about 166 percent loans since 2014 than whatever they did in the last a decade. Is financing write-off good or bad for banking institutions? HIGHLIGHTS The Narendra Modi federal federal government was under constant critique through the Opposition parties for composing down loans that are bad. The RBI data reveal that loans of Rs 3.16 lakh crore have now been written down cash america between 2014 and March 2018 april. The figure is 166 % regarding the loans written down by all 21 general public sector banking institutions (PSUs) into the a decade as much as 2014. Congress president Rahul Gandhi today took a dig during the increasing trend of composing down loans beneath the Modi federal federal government. He stated that as the man that is common being avoided from utilizing his or her own cash through demonetisation and notifications like mandatory Aadhaar linking, the top industrialists are increasingly being offered the good thing about loan write-offs.