Write Off of Bank Loans Amounts written off by Scheduled Commercial Banks

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Write Off of Bank Loans Amounts written off by Scheduled Commercial Banks

GOVERNMENT OF INDIA
MINISTRY OF FINANCE

LOK SABHA 

STARRED QUESTION NO. *164
ANSWERED ON 19.12.2022

Write Off of Bank Loans
164. Shri Deepak Baij
        Shrimati Mala Roy
Will the Minister of FINANCE be pleased to state:
(a) whether various banks have written off loans of more than Rupees ten lakh crores during the last five years;

(b) if so, the details thereof, year and bank-wise;

(c) the details of ten biggest beneficiaries of above write off, bank-wise;
Write Off of Bank Loans
(d) whether various Public Sector Banks have recovered only 13 per cent of the above written off loans; and

(e) if so, the details thereof and the reasons for such poor recovery, bank-wise?

ANSWER 
FINANCE MINISTER

SMT. NIRMALA SITHARAMAN
(a) to (e): A statement is laid on the Table of the House.
 
Statement referred to in reply to parts (a) to (e) in respect of Lok Sabha Starred Question No. *164 for reply on 19.12.2022 regarding Write Off of Bank Loans asked by Shri Deepak Baij and Shrimati Mala Roy.
(a) to (e): As per Reserve Bank of India (RBI) guidelines and policy approved by banks’ Boards, non-performing assets (NPAs), including, inter-alia, those in respect of which full provisioning has been made on completion of four years, are removed from the balance- sheet of the bank concerned by way of write-off. Banks evaluate/consider the impact of write-offs as part of their regular exercise to clean up their balance-sheet, avail of tax benefit and optimise capital, in accordance with RBI guidelines and policy approved by their Boards. As per inputs received from RBI, scheduled commercial banks (SCBs) wrote-off an amount of Rs. 10,09,511 crore during the last five financial years. Bank-wise details of NPAs written off by SCBs during 2017 to 2022 are at Annex-1.

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 initiated in written-off accounts through various recovery mechanisms available, such as filing of a suit in civil courts or  in  Debts Recovery Tribunals, action under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, filing of cases in the National Company Law Tribunal under the Insolvency and Bankruptcy Code, 2016, through negotiated settlement/compromise, and through sale of NPAs. Therefore, write-off does not benefit the borrowers.
Recovery in NPA accounts including written-off loans, is an on-going process. As per RBI data, public sector banks have recovered an aggregate amount of Rs. 4,80,111 crore, including recovery of Rs. 1,03,045 crore from written-off loans during the last five financial years.
Annex-1
Lok Sabha Starred question no. *164, regarding Write Off of Bank Loans Amounts written off by Scheduled Commercial Banks
Amounts in crore Rs.

Bank

FY

2017-18

FY

2018-19

FY

2019-20

FY

2020-21

FY

2021-22

AB Bank Limited

0

9

0

0

0

Abu Dhabi Commercial Bank PJSC

0

22

64

0

—

American Express Banking Corporation

101

166

180

127

215

AU Small Finance Bank Limited

10

20

47

115

188

Australia and New Zealand Banking Group Limited

0

0

75

0

0

Axis Bank Limited

11,274

8,278

9,019

12,018

9,126

Bandhan Bank Limited

51

277

655

2,038

3,247

Bank of America, National Association

11

Bank of Bahrain and Kuwait B.S.C.

58

0

5

61

9

Bank of Baroda (BoB)

4,948

13,102

15,912

14,782

17,967

Dena Bank

661

4,672

Merged with BoB

Vijaya Bank

1,539

1,518

Bank of Ceylon

0

0

0

1

0

Bank of India

8,976

7,405

7,618

8,815

10,443

Bank of Maharashtra

2,460

5,127

5,698

4,931

3,118

Bank of Nova Scotia

160

26

0

0

0

Barclays Bank PLC

4

0

52

73

163

BNP Paribas

0

0

0

0

1

Canara Bank

8,310

14,267

7,498

7,642

8,210

Syndicate Bank

2,400

6,775

4,934

Merged with Canara Bank

Central Bank of India

2,924

10,375

4,169

5,992

1,236

Citibank N.A.

460

505

559

370

576

City Union Bank Limited

195

264

374

412

629

Cooperatieve Rabobank U.A.

206

80

123

0

175

Credit Agricole Corporate and Investment Bank

72

251

0

0

0

Credit Suisse AG

0

0

260

0

0

CSB Bank Limited

9

301

215

138

110

CTBC Bank Company Limited

60

DBS Bank India Limited (DBIL)

144

17

184

139

438

Lakshmi Vilas Bank Limited

272

261

19

108

Merged with DBIL

DCB Bank Limited

32

67

120

126

88

Deutsche Bank AG

30

169

105

485

213

Equitas Small Finance Bank Limited

179

61

72

245

360

ESAF Small Finance Bank Limited

0

89

29

0

74

Federal Bank Limited

212

186

734

398

929

Fincare Small Finance Bank Limited

0

10

45

28

370

First Rand Bank Limited

14

HDFC Bank Limited

3,266

4,568

8,254

9,289

9,405

Bank

FY

2017-18

FY

2018-19

FY

2019-20

FY

2020-21

FY

2021-22

Hongkong and Shanghai Banking Corporation Limited

66

359

119

185

234

ICICI Bank Limited

8,350

11,557

10,952

9,507

10,148

IDBI Bank Limited

12,515

15,918

5,936

8,392

2,889

IDFC First Bank Limited

998

1,272

1,510

1,433

4,202

Indian Bank

1,606

2,872

3,032

8,371

8,347

Allahabad Bank

3,635

4,219

9,120

Merged with Indian Bank

Indian Overseas Bank

6,908

7,794

16,405

4,618

3,769

IndusInd Bank Limited

783

1,923

2,539

4,055

4,385

Industrial and Commercial Bank of China

0

0

43

35

0

Jammu and Kashmir Bank Limited

1,564

923

65

1,185

758

Jana Small Finance Bank Limited

0

—

300

233

585

Karnataka Bank Limited

712

808

904

1,060

585

Karur Vysya Bank Limited

362

447

961

619

879

KEB Hana Bank

0

0

0

12

0

Kotak Mahindra Bank Limited

407

220

936

628

1,230

Nainital Bank Limited

13

1

0

1

119

Natwest Markets PLC

0

115

0

0

0

North East Small Finance Bank Limited

0

—

8

0

81

PT Bank Maybank Indonesia TBK

0

0

0

0

18

Punjab and Sind Bank

460

1,635

1,781

71

1,134

Punjab National Bank (PNB)

7,407

12,253

13,365

15,877

18,312

Oriental Bank of Commerce

6,357

6,457

3,351

Merged with PNB

United Bank of India

1,867

5,365

1,728

RBL Bank Limited

159

320

1,253

1,675

2,294

Sberbank

0

0

0

0

50

SBM Bank (India) Limited

57

0

45

12

19

South Indian Bank Limited

629

287

874

1,135

700

Standard Chartered Bank

604

2,309

3,111

1,697

1,325

State Bank of India

39,151

58,905

52,362

34,402

19,666

Suryoday Small Finance Bank Limited

43

34

48

97

231

Tamilnad Mercantile Bank Limited

594

264

366

393

321

The Dhanalakshmi Bank Limited

2

3

103

14

83

The Royal Bank of Scotland PLC

49

UCO Bank

2,735

4,420

12,479

9,410

3,851

Ujjivan Small Finance Bank Limited

176

178

64

74

789

Union Bank of India (UBI)

3,477

7,771

8,417

16,983

19,484

Andhra Bank

1,666

2,280

4,195

Merged with UBI

Corporation Bank

8,228

5,989

3,814

United Overseas Bank Limited

0

0

55

0

0

Utkarsh Small Finance Bank Limited

0

30

56

35

219

Woori Bank

0

0

13

0

0

Yes Bank Limited

709

469

6,842

12,240

971

Source: RBI, Global Operations

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