 "Reduction in NPAs for PSBs due to write-offs at Rs 1,31,894 cr in FY21: RTI")
Reduction in non-performing assets (NPAs) due to write-offs for public sector banks (PSBs) stood at Rs 1,31,894 crore during fiscal 2020-21, according to an RTI response.
The RTI query was filed by Nagpur-based Sanjay Thul seeking information on non-performing assets (NPAs) of state-run banks and bad loans write-off by PSBs in the last ten years from the Reserve Bank of India (RBI).
'Reduction in NPA due to write-off' for PSBs for 2020-21 stood at Rs 1,31,894 crore, the RBI said in the RTI reply.
In FY2019-20, the number stood at Rs 1,75,877 crore, the RBI said in the RTI reply.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)