Rs 1.2 lakh crore gone in 1 year! PSU banks NPA write-offs surge to 140% over massive combined loss in FY18

Public sector banks have written off bad loans worth a whopping Rs 1.20 lakh crore, an amount that is nearly one-and-a-half times more than their total losses posted in 2017-18, according to official data.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LRF9v1