Current Affairs · Banking Industry Data
According to Finance Ministry data presented in August 2025 regarding loan write-offs by Public Sector Banks (PSBs), consider the following statements: 1. PSBs wrote off loans worth approximately ₹5.82 lakh crore between FY 2020-21 and FY 2024-25, with the highest write-off in FY 2020-21. 2. During FY 2024-25, PSBs carried out loan write-offs amounting to ₹91,260 crore, showing an upward trend compared to the previous fiscal. 3. PSBs recovered around ₹1.65 lakh crore of the written-off amount during these five financial years, accounting for approximately 28% recovery. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both 1 and 3✓
- 2Both 2 and 3
- 3Only 3
- 4Both 1 and 2
Correct answer
Both 1 and 3
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