Banks write off ₹1.14L cr bad loans from 2013-15
In response to an RTI query, the RBI has revealed that 29 state-owned banks have written off a total of ₹1.14 lakh crore bad debts between 2013-15, more than what was written off in the preceding nine years combined. Further, bad debts for the financial year ending March 2015 stood at ₹52,542 crore, over three times the FY12 value.