What exactly is loan write-off and exactly how it can help banks

The 21 PSU banking institutions have actually written off about 166 % loans since 2014 than whatever they did in the last decade. Is financing write-off bad or good for banking institutions?

HIGHLIGHTS

The Narendra Modi federal government happens to be 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 already been written down between 2014 and March 2018 april. The figure is 166 % of this loans written down by all 21 sector that is public (PSUs) within the a decade as much as 2014.

Congress president Rahul Gandhi today took a dig in the increasing trend of composing down loans underneath the Modi federal federal federal government. He stated that even though the man that is common being avoided from making use of his or her own cash through demonetisation and notifications like mandatory Aadhaar linking, the major industrialists are now no credit check loans being offered the advantage of loan write-offs. More