SBI wrote off over Rs 20,000 crore bad loan, shows data

The data pertains to the period when the associate banks of State Bank of India (SBI) were not merged with it.

State Bank of India (SBI) wrote off bad loans worth Rs 20,339 crore in 2016-17, shows a government data.
 
The amount is the highest among all the public sector banks, whose cumulative write off is Rs 81,683 crore for the fiscal year. 
 
The data pertains to the period when the associate banks of State Bank of India (SBI) were not merged with it.
 
As per data, write-off by all state-run banks were Rs 27,231 crore in 2012-13, Rs 34,409 crore in 2013-14, Rs 49,018 crore in 2014-15 and Rs 57,585 crore in the following year.
 
The figure has jumped nearly three-fold in five years. 
 
The data says Punjab National Bank wrote-off Rs 9,205 crore in 2016-17 followed by Bank of India (Rs 7,346 crore), Canara Bank (Rs 5,545 crore) and Bank of Baroda (Rs 4,348 crore). 
 
Source: Media reports

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