PSB loan write-offs are twice as large as capital injection from the government in 7 years

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Public sector banks have written off huge amounts of Rs.8 trillion in loans over the last 7 years of Narendra Modi’s rule, more than double the amount of capital invested by the government during that period. Between 2014-15 and 2020-2021, the government invested 3.37 trillion rupees in public sector banks.

In fiscal year 19, the highest volume of capital injections for the period was recorded – 1.06 trillion. Rupees. In 2020-2021, the government invested Rs 14,500 crore in four public sector banks. On the other hand, between 2014 and 2021, state banks wrote off loans amounting to Rs 8.07 …

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First published: Tue 20 Jul 2021 08:45 IST





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