Lok Sabha Question No. 2262 (UNSTARRED), answered on 2024-12-09
Subject: Loans Written off by Public Sector Banks
Ministry: FINANCE
Asked by: Shri Anand Bhadauria

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF FINANCIAL SERVICES

## LOK SABHA UNSTARRED QUESTION NO-2262

ANSWERED ON MONDAY, DECEMBER 9/AGRAHAYANA 18, 1946 (SAKA)

## LOANS WRITTEN OFF BY PUBLIC SECTOR BANKS

## 2262. SHRI ANAND BHADAURIA

Will the Minister of FINANCE be pleased to state:-

- (a) the details of loans written off by public sector banks during the last five years and the current financial year, year-wise and bankwise;
- (b) the details of ten biggest beneficiaries of the above written-off loans, bank-wise and yearwise; and
- (c) the details of bad-debt recovered by various PSBs during the last five years and the current year, bank-wise and year-wise?

## ANSWER

## THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI PANKAJ CHAUDHARY)

(a)  to  (c):  Banks  write-off  non-performing  assets  (NPAs),  including, inter-alia ,  those  in respect of which full provisioning has been made on completion of four years, as per the Reserve Bank of India guidelines and policy approved by banks' Boards. Such write -off does not result in waiver of liabilities of borrowers and therefore, it does not benefit the borrower.  The  borrowers  continue  to  be  liable  for  repayment  and  banks  continue  to pursue recovery actions initiated in these accounts through various recovery mechanisms available to them, such as filing of a suit in civil courts or in Debts Recovery Tribunals, action under the Securitisation and Reconstruction of Financial Assets and Enforcement of  Security  Interest  Act,  2002,  filing  of  cases  in  the  National  Company  Law  Tribunal under the Insolvency and Bankruptcy Code, 2016, through negotiated settlement/compromise, and through sale of NPAs.

Bank-wise  and  year-wise  details  of  loans  written-off  and  amount  recovered  in  NPAs, including  recovery  from  written-off  loans,  by  public  sector  banks  during  the  last  five financial years and the current financial year are at Annex-1 and Annex-2 respectively.

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Annex-1

Lok Sabha Unstarred question no. 2262, regarding Loans Written off by Public Sector Banks

## Loans written-off by Public Sector Banks

(Amounts in crore Rs.)

| Bank                       | FY 2019-20   | FY 2020-21              | FY 2021-22              | FY 2022-23              | FY 2023-24              | FY 2024-25* (till 30.9.2024)   |
|----------------------------|--------------|-------------------------|-------------------------|-------------------------|-------------------------|--------------------------------|
| Bank of Baroda             | 15,912       | 14,782                  | 17,967                  | 17,998                  | 10,518                  | 5,925                          |
| Bank of India              | 7,618        | 8,815                   | 10,443                  | 8,694                   | 9,897                   | 2,316                          |
| Bank of Maharashtra        | 5,698        | 4,931                   | 3,118                   | 1,491                   | 990                     | 487                            |
| Canara Bank                | 7,498        | 7,642                   | 8,210                   | 4,472                   | 11,827                  | 5,088                          |
| Syndicate Bank             | 4,934        | Merged with Canara Bank | Merged with Canara Bank | Merged with Canara Bank | Merged with Canara Bank | Merged with Canara Bank        |
| Central Bank of India      | 4,169        | 5,992                   | 1,236                   | 10,258                  | 10,001                  | 68                             |
| Indian Bank                | 3,032        | 8,371                   | 8,347                   | 7,952                   | 8,734                   | 2,928                          |
| Allahabad Bank             | 9,120        | Merged with Indian Bank | Merged with Indian Bank | Merged with Indian Bank | Merged with Indian Bank | Merged with Indian Bank        |
| Indian Overseas Bank       | 16,405       | 4,618                   | 3,769                   | 3,412                   | 7,179                   | 621                            |
| Punjab and Sind Bank       | 1,781        | 71                      | 1,134                   | 2,283                   | 796                     | 944                            |
| Punjab National Bank (PNB) | 13,365       | 15,877                  | 18,312                  | 16,578                  | 18,317                  | 8,061                          |
| Oriental Bank of Commerce  | 3,351        |                         |                         |                         |                         |                                |
| United Bank of India       | 1,728        | Merged with PNB         | Merged with PNB         | Merged with PNB         | Merged with PNB         | Merged with PNB                |
| State Bank of India        | 52,362       | 34,402                  | 19,666                  | 24,061                  | 16,161                  | 8,312                          |
| UCO Bank                   | 12,479       | 9,410                   | 3,851                   | 2,575                   | 1,938                   | 941                            |
| Union Bank of India (UBI)  | 8,417        | 16,983                  | 19,484                  | 19,175                  | 18,264                  | 6,344                          |
| Andhra Bank                | 4,195        |                         |                         |                         |                         |                                |
| Corporation Bank           | 3,814        | Merged with UBI         | Merged with UBI         | Merged with UBI         | Merged with UBI         | Merged with UBI                |

Source: RBI

* RBI provisional data for FY 2024-25

Annex-2 Lok Sabha Unstarred question no. 2262, regarding Loans Written off by Public Sector Banks

## Recovery in NPAs by Public Sector Banks

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(Amounts in crore Rs.)

| Bank                       | FY 2019-20   | FY 2020-21              | FY 2021-22              | FY 2022-23              | FY 2023-24              | FY 2024-25* (till 30.9.2024)   |
|----------------------------|--------------|-------------------------|-------------------------|-------------------------|-------------------------|--------------------------------|
| Bank of Baroda             | 8,664        | 8,357                   | 8,564                   | 9,572                   | 7,199                   | 4,535                          |
| Bank of India              | 8,443        | 4,684                   | 7,858                   | 7,236                   | 7,720                   | 4,166                          |
| Bank of Maharashtra        | 1,660        | 2,302                   | 1,816                   | 1,876                   | 1,610                   | 968                            |
| Canara Bank                | 8,651        | 10,318                  | 11,324                  | 17,029                  | 9,095                   | 4,358                          |
| Syndicate Bank             | 4,649        | Merged with Canara Bank | Merged with Canara Bank | Merged with Canara Bank | Merged with Canara Bank | Merged with Canara Bank        |
| Central Bank of India      | 4,290        | 2,972                   | 3,441                   | 4,505                   | 3,402                   | 1,542                          |
| Indian Bank                | 1,444        | 4,473                   | 5,087                   | 7,039                   | 6,654                   | 2,892                          |
| Allahabad Bank             | 2,903        | Merged with Indian Bank | Merged with Indian Bank | Merged with Indian Bank | Merged with Indian Bank | Merged with Indian Bank        |
| Indian Overseas Bank       | 3,025        | 1,668                   | 1,397                   | 1,229                   | 3,614                   | 844                            |
| Punjab and Sind Bank       | 643          | 1,004                   | 1,273                   | 1,818                   | 1,600                   | 223                            |
| Punjab National Bank (PNB) | 13,877       | 13,939                  | 19,229                  | 16,309                  | 13,206                  | 4,854                          |
| Oriental Bank of Commerce  | 3,173        |                         |                         |                         |                         |                                |
| United Bank of India       | 1,042        | Merged with PNB         | Merged with PNB         | Merged with PNB         | Merged with PNB         | Merged with PNB                |
| State Bank of India        | 31,895       | 23,678                  | 18,125                  | 20,122                  | 15,169                  | 7,037                          |
| UCO Bank                   | 3,719        | 2,155                   | 2,845                   | 2,979                   | 2,227                   | 1,282                          |
| Union Bank of India (UBI)  | 5,208        | 7,727                   | 8,601                   | 12,827                  | 11,277                  | 4,552                          |
| Andhra Bank                | 1,932        |                         |                         |                         |                         |                                |
| Corporation Bank           | 3,417        | Merged with UBI         | Merged with UBI         | Merged with UBI         | Merged with UBI         | Merged with UBI                |

Source: RBI

* RBI provisional data for FY 2024-25