(a) the details of written off loans by banks relating to industries during the last three years
and the current year, bank-wise; and
(b) the reasons therefor?
(a) the details of written off loans by banks relating to industries during the last three years
and the current year, bank-wise; and
(b) the reasons therefor?
MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI PAWAN KUMAR BANSAL)
(a) & (b); The banks write off amounts in non-performing asset (NPA) accounts in accordance with
their board approved policies and Reserve Bank of India (RBI) guidelines, either as part of
compromise settlement with the borrowers or where the debt has been classified as a `loss` asset.
The Management Information System of RBI does not generate data in the desired manner.However, the
bank group-wise details of amount of write-off including compromise by the scheduled commercial
banks during the last three years are as under:
(Amount Rs. in crore) Bank Group 31.03.2006 31.03.2007 31.03.2008
Public Sector banks 8,833 9,423 8,021
New private sector banks 1,409 1,232 1,577
Old private sector banks 544 618 724
Forein banks 905 590 1,339
Total 11,691 11,863 11,661