Shri. Anurag Thakur, Minister of State for Finance has stated in the Parliament that the Non Performance Asset (NPA) or Bad Loan of Indian Banks has risen to Rs.10.21.464 crore as on 31-03-2018. It was Rs.3,12,706 crore on March 31,2015. The Minister also revealed that an amount of Rs.80,893 crore loans has been written off in the first half year period of the current financial year. State Bank of India has wrote off the highest amount of loans, Rs.27,535.31 crore during the six months period ending 30th September, 2019. Other top banks in this regard are, Bank of Baroda- Rs. 5,439 crore and closely followed by Axis Bank – Rs. 5,426 crore.
Another report says that the banks have disbursed loans to the extent of Rs.4.91 lakh crore during the two months period of October and November, 2019. As usual the largest beneficiary of these loans continues to be the corporate sector, a total of Rs.2, 20,151 crore. So the story of non payment of loans and write off would continue unabated…..!
(source: The Hindu dated 04-12-2019)