Banks write-off NPAs as part of their regular exercise to clean up their balance sheets, avail tax benefits and optimize capital, he said, adding that banks should follow RBI guidelines and their board-approved policy. Write-off is done accordingly. ,
He said, “As per RBI data, Public Sector Banks (PSBs) and Scheduled Commercial Banks (SCBs) wrote off total amount of Rs 8,16,421 crore and Rs 11,17,883 crore respectively during the last six financial years.” ”
With regard to the list, which contains the names of write-off accounts/defaulters to public sector banks with defaults of more than Rs 1 crore, RBI has informed that borrower-wise information on loan accounts written off is not available with it. is kept, he said.
In response to another question, Karad said, the reserve Bank of India (RBI) has informed that the total number of willful defaulters with outstanding loans of Rs 25 lakh and above in Public Sector Banks was 8,045 as on June 30, 2017 and 12,439 as on June 30, 2022; Whereas in private sector bank it was 1,616 as on June 30, 2017 and 2,447 as on June 30, 2022.
He further added, “RBI has informed that as on 30.6.2017, there were 8,744 suit-filed willful defaulters and 917 non-suit-filed willful defaulters in public and private sector banks, and as on 30.6.2022, the same stood 14,485 and 401 respectively.”
The list of willful defaulters who have filed suit for Rs.25 lakh and above is available in the public domain on the websites of Credit Information Companies (CICs) and the willful defaulters who have not filed suits are confidential in nature and not in the public domain. The Enforcement Directorate (ED) has informed that 515 cases of fraud including cases relating to willful defaulters have been registered under the provisions of the Prevention of Money Laundering Act (PMLA), 2002 since May 1, 2017.
Till December 15, 2022, he said, in these cases, assets worth Rs 44,992 crore (approx) have been attached and 39 prosecution complaints have been registered by the Directorate.
Further, as on December 15, 2022, willful defaulters like Vijay Mallya, Nirav Modi and Mehul have assets worth Rs 19,312.20 crore. choksi Attached since May 2017 by the ED under the PMLA, 2002, assets worth Rs 15,113 crore have been returned to public sector banks, he said.
He said that banks themselves write off NPAs as part of their routine exercise to clean up their balance sheets, avail tax benefits and optimize capital as per RBI guidelines and their board approved policy.
Responding to another question, Karad said scheduled commercial banks have recovered a total of Rs 6,59,596 crore including recovery of Rs 1,32,036 crore from write-off loan accounts during the last five financial years as per RBI data Is.
In response to another question, he said, the total amount of recapitalization by the government in banks during the last five financial years is Rs 2,90,600 crore, including recapitalization of Rs 4,557 crore. IDBI Bank LimitedWhich is classified as private sector bank by RBI on January 21, 2019.
In the first half of financial year 2021-22 and financial year 2022-23, he said, the PSBs have registered a net profit of Rs 66,543 crore and Rs 40,992 crore, respectively.