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    Bad loan clean-up: PSU banks write off Rs 6.15 lakh crore in 5.5 years; Govt informs Lok Sabha

    1 hour ago

    Public sector banks have written off Rs 6.15 lakh crore in loans over five-and-a-half years, a move aimed at balance-sheet cleanup, not waiving borrower debt. This process, following RBI guidelines, allows for continued recovery efforts and tax benefits, strengthening banks' financial positions without impacting liquidity.
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