In its latest Trend and Progress report, the RBI said that the decline in gross NPAs in the banking system was largely aided by loan write-offs. DINESH UNNIKRISHNAN DECEMBER 31, 2020 / 08:31 AM IST RBI Indian banks wrote off loans worth around Rs 8,83,168 crore in the last ten years, a significant chunk of which came from government-owned banks, the latest data from the Reserve Bank of India shows. Of this, public sector banks (PSBs) alone wrote off Rs 6,67,345 crore worth loans since 2010. This is about 76 percent of the total written-off loans in the decade, while private banks wrote off loans worth Rs 1,93,033 crore constituting about 21 percent of the total chunk. Foreign banks wrote off Rs 22,790 crore loans or 3 percent of the total write-off, the RBI data showed. In the financial year 2019-2020 alone, banks wrote off a total of Rs 2,37,206 crore or about a quarter of the total loan write-offs in the last one decade. Of this, Rs 1,78 lakh crore was by PSBs and Rs53, 949 crore b
Show caption Book of the day Charisma, a lust for power, an absence of principles … what links Mao, Mussolini, Stalin, Hitler and other 20th-century dictators? Sheila Fitzpatrick Sat 26 Oct 2019 02.30 EDT Born in obscurity, frustrated in youth, the dictator rises through accident, patronage or anything except merit to blossom into a fully fledged evil-doer, desperate for the respect and admiration that are wrung from the populace only by skilled PR manipulation. Often feigning modesty, he soon generates a cult that he personally develops. Women and even brave men feel overcome in his presence; schoolchildren chant the praise of the father of the nation; artists and writers deify the great leader. Dictators generally come equipped with an ideology, but since they have no principles, only a lust for power, the process of propagation turns it into a mockery. Although dictators often fancy themselves as writers or philosophers, they fail to make the grade as intellectuals, and the Little R