Question
Consider the following statements with respect to the
information provided on the banks write off and NPA recovery by the Finance Ministry- I.Banks have written off Rs 10.57 lakh crore during the last five financial years, of which Rs 5.52 lakh crore was in respect of loans pertaining to large industries. II.The scheduled commercial banks have also recovered Rs 4.15 lakh crore of non-performing assets (NPAs) during the five-year period. III.Scheduled commercial banks have written off an aggregate amount of Rs 3.52 lakh crore in respect of loans pertaining to large industries and services during the last five financial years (FYs), i.e. from FY 2018-19 to FY 2022-23. Which of the following statements is/are not true ?Solution
Banks have written off Rs 10.57 lakh crore during the last five financial years, of which Rs 5.52 lakh crore was in respect of loans pertaining to large industries. The scheduled commercial banks have also recovered Rs 7.15 lakh crore of non-performing assets (NPAs) during the five-year period.Scheduled commercial banks have written off an aggregate amount of Rs 5.52 lakh crore in respect of loans pertaining to large industries and services during the last five financial years (FYs), i.e. from FY 2018-19 to FY 2022-23
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