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Informist, Tuesday, Jul. 22, 2025

 

NEW DELHI – State-owned banks have written off loans worth INR 12.09 trillion between 2015-16 (Apr-Mar) and FY25, Minister of State for Finance Pankaj Chaudhary said in a written response to a question in the Rajya Sabha Tuesday. Across the 12 banks, the total loan write-offs fell to INR 911.61 billion in FY25, their lowest level in at least five years, according to the latest provisional data of the Reserve Bank of India cited by the minister.

 

"Such write-off does not result in waiver of liabilities of borrowers and therefore, it does not benefit the borrower," Chaudhary said. "The borrowers continue to be liable for repayment and banks continue to pursue recovery actions initiated in these accounts." The country's largest lender, State Bank of India, wrote off INR 203.09 billion worth of loans in FY25, the highest among all 12 public sector banks, provisional data showed.

 

These recovery actions include civil suits, claims in debt recovery tribunals and those under the Insolvency and Bankruptcy Code. Banks write off non-performing assets in line with Reserve Bank of India guidelines and policy approved by their board, the minister said. Details of the last five financial years' data on loan write-offs is as follows, in INR billion:

 

	FY25 (provisional)	FY24	FY23	FY22	FY21	Average of last five years
Bank of Baroda	87.96	105.18	179.98	179.67	147.82	140.12
Bank of India	79.59	98.97	86.94	104.43	88.15	91.62
Bank of Maharashtra	7.96	9.90	14.91	31.18	49.31	22.65
Canara Bank	143.50	118.27	127.60	84.22	91.32	112.98
Central Bank of India	33.70	100.01	102.58	12.36	59.92	61.71
Indian Bank	49.16	87.34	79.52	83.47	83.71	76.64
Indian Overseas Bank	38.85	71.79	34.12	37.69	46.18	45.73
Punjab and Sind Bank	14.21	7.96	22.83	11.34	71.00	25.47
Punjab National Bank	121.59	183.17	165.78	183.12	158.77	162.49
State Bank of India	203.09	161.61	240.61	196.66	344.02	229.20
UCO Bank	15.66	19.38	25.75	38.51	94.10	38.68
Union Bank of India	116.34	182.64	191.75	194.84	169.43	171.00
Total	911.61	1,146.22	1,272.37	1,157.49	1,403.73	1,178.28

 

Source: Rajya Sabha reply, RBI data

 

End

 

Reported by Aaryan Khanna

Edited by Tanima Banerjee

 

 

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