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Detailed explanation-1: -Five banks, led by State Bank of India (SBI), wrote off Rs 89, 686 crore in the fiscal ended March 2021, with SBI accounting for Rs 34, 402 crore, the RBI said. Union Bank wrote off Rs 16, 983 crore, PNB Rs 15, 877 crore and Bank of Baroda Rs 14, 782 crore in FY21.

Detailed explanation-2: -India’s largest public lender State Bank of India (SBI) tops the list of top 10 banks with the highest amount of bad loans written off in 2021-22 alone, as per data provided by the RBI, Minister of State for Finance Bhagwat Karad told Congress member Deepak Baij in an oral response during Question Hour in Lok Sabha.

Detailed explanation-3: -Motilal Oswal tracks top 7 PSU banks - State Bank of India, Punjab National Bank, Bank of India, Bank of Baroda, Central Bank, Union Bank and Indian Bank and from the list its top picks are SBI, BoB and Central Bank.

Detailed explanation-4: -What is Loan Write-Off? Loan Write-Off is when the loan is no longer counted as an asset by the bank. In simpler words it is the amount of loan that is written off by the banks, thus reducing the level of non-performing assets (NPAs) on its books. NPA is a non-performing asset.

Detailed explanation-5: -State Bank of India (SBI) The State Bank of India (SBI) is a government bank in India that boasts a market capitalization of Rs. 5.34 trillion. The largest public sector bank of India and second in the list of 10 best banks in India, as well as a financial services statutory body.