PSBs' bad loans hit Rs 6.89 trn, or the cost of electrifying half of India!

In the decade to 2016, bad loans in the non-priority sector rose more than 22-fold

Indian public sector banks’ (PSB) bad loans soared 1.5 times, from Rs 2.67 lakh crore ($39.99 billion) on March 31, 2015, to Rs 6.89 lakh crore ($103.21 billion)–an amount that could electrify half of India’s households–on June 30, 2017, according to this reply to the Lok Sabha (lower house of parliament) by Shiv Pratap Shukla, minister of state for finance, on April 6, 2018.

Of the 21 public sector banks, 11 had non-performing assets (NPAs) greater than 15% of total assets, as per data cited by the minister. In light of the Rs 11,000 crore fraud