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Banks Write Off Record NPAs as Recovery Efforts Intensify ...Middle East
In a decade-long effort to manage non-performing assets (NPAs), Indian banks have written off bad loans totaling approximately Rs 16.35 lakh crore, revealed the government on Monday. The highest write-off, amounting to Rs 2,36,265 crore, occurred in the 2018-19 fiscal year, with the lowest recorded in 2014-15 at Rs 58,786 crore.
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