Rs 12 lakh crore loans written off in 10 years, half of it by PSU banks in last 5 years

Indian commercial banks wrote off Rs 12.3 lakh crore in loans between FY15 and FY24. Public sector banks accounted for Rs 6.5 lakh crore of write-offs in the last five years. Write-offs peaked in FY19 at Rs 2.4 lakh crore and fell to Rs 1.7 lakh crore in FY24. Banks continue recovery efforts despite write-offs, which do not waive borrower liabilities.