“Banks write off NPAs, together with these in respect of which full provisioning has been made on completion of 4 years, as per the Reserve Bank of India (RBI) pointers and coverage authorised by banks’ Boards,” Minister of State for Finance Pankaj Chaudhary mentioned. File Photo: Sansad TV by way of ANI
During 2024-25, the mortgage write-off of PSBs was at ₹91,260 crore, in comparison with ₹1.15 lakh crore within the earlier fiscal, Minister of State for Finance Pankaj Chaudhary mentioned in a written reply to the Rajya Sabha.
The write-off was highest at ₹1.33 lakh crore throughout 2020-21, declining to ₹1.16 lakh crore within the following 12 months and to ₹1.27 lakh crore in 2022-23.
In distinction to write-offs, PSBs have recovered round ₹1.65 lakh crore over the past 5 years. Recovery is round 28% of the whole write-off within the earlier 5 monetary years. “Banks write off NPAs, together with these in respect of which full provisioning has been made on completion of 4 years, as per the Reserve Bank of India (RBI) pointers and coverage authorised by banks’ Boards,” Mr. Chaudhary mentioned.
“Such write-off doesn’t end in waiver of liabilities of debtors and subsequently, it doesn’t profit the borrower. The debtors proceed to be answerable for reimbursement, and banks proceed to pursue restoration actions initiated in these accounts,” he mentioned.
Further, he mentioned, restoration in written-off loans is an ongoing course of and banks proceed pursuing their restoration actions initiated towards debtors below the varied restoration mechanism accessible to them, comparable to submitting of a go well with in Civil Courts or in Debts Recovery Tribunals, and submitting of circumstances within the National Company Law Tribunal below the Insolvency and Bankruptcy Code, and so on.
Replying to a different query, Mr. Chaudhary mentioned that greater than ₹21.68 lakh crore has been disbursed below Pradhan Mantri Mudra Yojana (PMMY) throughout the nation over the past 5 years.
In response to a different query, Mr. Chaudhary mentioned, in accordance with provisional information offered by the RBI for the monetary 12 months 2024-25, Scheduled Commercial Banks have recovered a complete of ₹32,466 crore by way of actions initiated in 2,15,709 circumstances below the SARFAESI Act.
Published – August 12, 2025 06:18 pm IST
