NPA crisis: PSU banks write off bad loans worth Rs 81,683-crore in FY17

In contrast to the written-off amount of Rs 27,231 crore in 2012-13, when banks earned combined net profit of Rs 45,849 crore, the loan amount written off in 2016-17 trebled to Rs 81,683 crore when the banks combined profits were a mere Rs 474 crore.

from IBTimes.co.in : Economy http://ift.tt/2vEL0Py