What’s loan write-off and just how it will help banking institutions

What’s loan write-off and just how it will help banking institutions

The 21 PSU banks have actually written down about 166 percent loans since 2014 than whatever they did in cash america pawn shop the earlier a decade. Is that loan write-off good or bad for banking institutions?

HIGHLIGHTS

The Narendra Modi federal federal government was 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 off between 2014 and March 2018 april. The figure is 166 percent regarding the loans written down by all 21 general public sector banking institutions (PSUs) into the a decade as much as 2014.

Congress president Rahul Gandhi today took a dig during the trend that is increasing of down loans underneath the Modi federal government. He said that whilst the man that is common being avoided from making use of his very own cash through demonetisation and notifications like mandatory Aadhaar linking, the major industrialists are increasingly being because of the advantage of loan write-offs. Continua a leggere