- Jan 31, 2019
Is this a good or bad thing?Ya'll Nibbiars
The Public Sector Banks have written off a massive Rs 8 trillion worth of loans during the last 7 years of Narendra Modi government, which is more than double than the amount of capital infused by the government during the period. Between 2014-15 and 2020-21, the government infused Rs 3.37 trillion into public sector banks. FY19 saw the highest amount of capital infusion during the period at Rs 1.06 trillion. In 2020-21, the government infused Rs 14,500 crore into four public sector banks. On the other hand, between 2014-2021, government-owned banks wrote-off loans worth Rs 8.07 Trillion's Rupees.