Bad loan clean-up: PSU banks write off Rs 6.15 lakh crore in 5.5 years; Govt informs Lok Sabha

Public sector banks have written off Rs 6.15 lakh crore in loans over five-and-a-half years, a move aimed at balance-sheet cleanup, not waiving borrower debt. This process, following RBI guidelines, allows for continued recovery efforts and tax benefits, strengthening banks' financial positions without impacting liquidity.