Banks Lost Rs 1.76 lakh Crore to 416 Loan Defaulters in 3 Years, Big Hike in Write Offs Seen After Demonetisation

The RTI replies demonstrate a constant surge in the amount written off by public sector banks and private banks in the country since 2014-15. Between 2015 and 2018, a total of Rs 2.17 lakh crore were written off as bad debts read more at:https://www.news18.com/news/business/banks-lost-rs-1-76-lakh-crore-to-416-loan-defaulters-in-3-years-big-hike-in-write-offs-after-demonetisation-2340213.html