2018-22: Banks wrote off Rs 10 lakh crore loans
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Even as the Ministry of Finance and the RBI kept a close watch and issued strict risk advisories on non-performing assets and bad loans, Indian banks have written off loans worth Rs 10 lakh crore in the last five years. The data on this whopping bad loan write-off includes Rs 1,57,096 crore during 2021-22. The total number of wilful defaulters during this period stood at 10,306.