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 that loan write-off bad or good for banking institutions?

HIGHLIGHTS

The Narendra Modi federal federal government is under constant critique through the Opposition parties for writing down loans that are bad. The RBI data reveal that loans of Rs 3.16 lakh crore have now been written down between 2014 and March 2018 april. Continue reading “What exactly is loan write-off and exactly how it can help banking institutions”