India’s banking system has written off nearly ₹8.90 lakh crore in non-performing assets (NPAs) over the past five financial years and the current year up to September 2025, marking one of the largest balance-sheet clean-ups undertaken by the sector. Further, public sector banks (PSBs) have written off an aggregate loan amount of ₹615,647 crore during the past five financial years and the current financial year up to 30 September 2025. In a written reply to the Lok Sabha, the government says the extensive write-offs, spread across PSBs and private sector banks (PVBs), have not impacted liquidity as provisioning had already been made earlier and recovery efforts from these accounts continue through various legal and resolution channels. According to data shared by minister of state fo

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