Public sector Banks wrote off Rs 110000 Crores in YoY 2022

Public-sector banks (PSBs) in Q3FY23 wrote off bad loans worth Rs 29,000 crore, up from Rs 23,000 crore in the same quarter a year ago, as part of a clean-up exercise. According to estimates by rating agency CARE Ratings, the write-offs by PSBs for nine months period in April-December 2022, at Rs 81,000 crore,  It … Continue reading Public sector Banks wrote off Rs 110000 Crores in YoY 2022