PSB loan cancellations twice the government’s capital injection in 7 years

Public sector banks have canceled a massive amount of Rs 8 trillion in loans over the past 7 years of the Narendra Modi government, which is more than double the amount of capital injected by the government during the period. Between 2014-15 and 2020-21, the government injected 3.37 trillion rupees into public sector banks.

FY19 saw the highest amount of capital injection during the period at Rs 1.06 trillion. In 2020-2021, the government injected 14,500 crore rupees into four public sector banks. On the other hand, between 2014-2021, public banks canceled loans worth Rs 8.07 …

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First published: Tue 20 July 2021. 08:45 IST


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