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What exactly is loan write-off and just how it can help banking institutions

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

HIGHLIGHTS

The Narendra Modi federal 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 now been written down between April 2014 and March 2018. The figure is 166 percent regarding the loans written down by all 21 sector that is public (PSUs) within the decade as much as 2014.

Congress president Rahul Gandhi today took a dig in the trend that is increasing of down loans underneath the Modi government.

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