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| Tuesday 24th of December 2024 02:02:07 AM |
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LOAN WRITE-OFFS CUT NPAS, RECOVERIES MINIMAL
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RBI data shows banks recovered only 18.7% of written-off loans in five years, leaving over Rs 8 lakh crore unrecovered. Public sector banks performed most write-offs. Government insists write-offs don’t absolve borrower liability. Write-offs are balance-sheet management tools enabling higher provisions and recovery attempts.
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LOAN WRITE-OFFS CUT NPAS, RECOVERIES MINIMAL
2 Comments
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Anonymous
This data underscores the dual-edged nature of loan write-offs. On one hand, they help banks clean up their books, but on the other, the low recovery rates suggest inefficiencies in pursuing defaulters. Public sector banks, in particular, need enhanced tools and autonomy to recover dues, ensuring taxpayers' money is safeguarded and trust in the banking system is maintained.
Anonymous
These figures are alarming and highlight the urgent need for stronger accountability mechanisms in the financial sector. While write-offs may be a necessary tool for balance-sheet management, the low recovery percentage raises questions about the effectiveness of recovery strategies. A comprehensive review of loan approval processes and enforcement of borrower liability is crucial to prevent further financial losses.