PSU banks write-off more than seven times recovery of bad loans in four years, RBI data shows

The amount of bad loans written off by PSU banks between 2014-2018 is more than the projected budgetary expenditure for health, education, social protection (Rs 1.38 lakh crore) for FY19, RBI data showed.

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