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Indian banks wrote off bad loans totaling ₹16.35 lakh crore over a decade, with recent figures showing a decline.
Indian banks have written off bad loans totaling ₹16.35 lakh crore over the past decade, with the highest write-off in 2018-19 at ₹2,36,265 crore.
In the most recent financial year, ₹1,70,270 crore was written off, down from ₹2,16,324 crore the previous year.
Despite write-offs, banks continue to pursue recovery actions against borrowers through legal means including civil courts and tribunals.
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Los bancos indios cancelaron préstamos fallidos por un total de 16,35 lakh crore durante una década, con cifras recientes que muestran una disminución.