MUMBAI. Public sector banks (PSBs) in India have written off non-performing
assets worth ₹6,00,037 crore over the last five financial years, according to data
released by the All India Bank Employees’ Association (AIBEA). The figures, sourced
from a Rajya Sabha Unstarred Question, cover bank-wise and year-wise write-offs
related to global operations from FY 2020–21 to FY 2024–25, along with the first
quarter of FY 2025–26. The data highlights the scale at which stressed assets have
been removed from bank balance sheets during this period.
Year-wise figures show that PSBs wrote off ₹1,33,384 crore in FY 2020–21,
₹1,15,749 crore in FY 2021–22, and ₹1,27,237 crore in FY 2022–23. Write-offs
stood at ₹1,14,622 crore in FY 2023–24 and ₹91,261 crore in FY 2024–25, while
₹17,784 crore was written off in the first quarter of FY 2025–26. Among individual
banks, State Bank of India accounted for ₹1,18,585 crore in write-offs, followed by
Union Bank of India with ₹87,618 crore, Punjab National Bank with ₹82,876 crore,
Bank of Baroda with ₹72,177 crore, and Canara Bank with ₹59,606 crore. Other
public sector banks such as Bank of India, Indian Bank, Central Bank of India,
Indian Overseas Bank, UCO Bank, Bank of Maharashtra, and Punjab and Sind Bank
also reported substantial write-offs during the same period.
Public Sector Banks Write Off Over ₹6 Lakh Crore in Bad Loans Over Five Years
