Reduction in NPAs for PSBs due to write-offs at Rs 1,31,894 cr in FY21 but disappointing figures with regard to realisation.

Reduction in non-performing assets (NPAs) due to write-offs for public sector banks (PSBs) stood at Rs 1,31,894 crore during fiscal 2020-21, according to an RTI response. The RTI query was filed by Nagpur-based Sanjay Thul seeking information on non-performing assets (NPAs) of state-run banks and bad loans write-off by PSBs in the last ten years from the Reserve Bank of India (RBI).

'Reduction in NPA - due to write-off' for PSBs for 2020-21 stood at Rs 1,31,894 crore, the RBI said in  ..

In FY2019-20, the number stood at Rs 1,75,877 crore, the RBI said in the RTI reply.

  

Some argue NPA does not mean 'waiver'.Technically Ok.But how much NPAs got realised? Some earlier RTI replies gave disappointing figures with regard to realisation.

Write off does not mean loans are forgiven, legal actions for recovery continues.It is just an accounting matter in financial statements.But sadly, nobody understands this and continue to create ruckus about it every year.