Public Sector Banks recover more than 1.3 Lakh crore rupees from loans written off during last 5 financial years, informs Nirmala Sitharaman in Lok Sabha
Dec 19, 2022
Public Sector Banks (PSBs) in the country have recovered an aggregate amount of more than 1.3 Lakh crore rupees from the written-off loans during the last five financial years. Replying in the Lok Sabha during the Question Hour, Finance Minister Nirmala Sitharaman said that the borrowers of written-off loans continue to be liable for repayment and the process of recovery of dues from the borrower in written-off loan accounts continues. Banks continue to pursue recovery actions in written-off accounts through various recovery mechanisms available.