scheduled commercial banks
Modi Government’s Controversial Move: Massive Write-Off of 10.6 Lakh Crore Benefits Big Industrialists
By • 6/12/2023
In the last five years, Indian banks have written off approximately ₹10.6 lakh crore, with nearly 50% of the amount linked to large corporate entities, according to a government announcement in the Lok Sabha. Minister Bhagwat Karad clarified that these write-offs do not absolve borrowers from repayment, revealing that 2,300…
