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Why private banks wrote off bad loans?

DNMUM420007 | 8/10/2018 | Author : Dipu Rai | WC :197

DNA Money Exclusive

New Delhi: The Reserve Bank of India (RBI) data, accessed by DNA Money, reveals that top 10 private banks since 2009-10 have written off 28% of their gross non-performing assets (NPAs) as compared to 14% of top10 public sector banks.
While the common impression is that public sector banks are neck deep in bad loans, the data shows that private banks have also failed, more drastically, in maintaining the basic parameters of efficiency -- write-off and recovery. Top private banks have managed to put up a neat façade by “cleaning up” their mess every year. They may have lesser amount in absolute write-off due to their market size in comparison to public banks, but these banks are hurriedly cleaning up their balance-sheets, in order
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