2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Dena Bank
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Canara Bank
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State bank of India
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Federal bank
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Detailed explanation-1: -Writing off a loan implies that it will no longer be counted as an asset. It is used in situations involving non-performing assets (NPA) or bad loans. A bank can reduce the number of NPAs on its books by writing off loans. An extra advantage is that written-off reduces the bank’s tax liability.
Detailed explanation-2: -Loans amounting to over ₹10.09 lakh crore have been written off by scheduled commercial banks in the past five financial years but the process of recovery of dues from the NPA (non performing asset) accounts is an on-going process, Finance Minister Nirmala Sitharaman told the Lok Sabha on December 19, 2022.
Detailed explanation-3: -PNB tops the list with 10.48 per cent gross NPAs; followed by Central Bank of India and Punjab & Sind Bank (9.67 per cent each), Indian Overseas Bank (8.53 per cent), Bank of India (8.51 per cent) and Union Bank of India (8.45 per cent).