SBI Wrote Off Bad Loans Worth Over Rs 20,000 crore Last Fiscal

The country’s largest lender SBI wrote off bad loans worth Rs 20,339 crore in 2016-17, the highest among all the public sector banks, which had a collective write off of Rs 81,683 crore for the fiscal. The data pertains to the period when the associate banks of State Bank of India (SBI) were not merged with it.

Besides SBI, Punjab National Bank had a write-off of Rs 9,205 crore in 2016-17, followed by Bank of India (Rs 7,346 crore), Canara Bank (Rs 5,545 crore) and Bank of Baroda (Rs 4,348 crore).
Static/Current Takeaways Important for Syndicate Bank PO 2018 Exam-

  • SBI Chairman- Rajnish Kumar, Headquarters- Mumbai, Established on- 01st July 1955.
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