New Delhi : Scheduled commercial banks have written off loans worth Rs 10 lakh 9 thousand 511 crore from their lock-downs in the last five financial years, Union Finance Minister Nirmala Sitharaman informed the Lok Sabha on Monday. As such, the process of recovery of debits is continuous. He made it clear that the recovery process is on for the written off loans.
According to the data of the Reserve Bank, in the last five financial years, public sector banks have recovered loans worth Rs. During the session, there were questions and answers and she used to speak. Even if the loan is written off, it is the responsibility of the concerned borrower to repay it in full. The recovery process would have started from the banks through various routes, she said.
Ritika
