Current Affairs · Banking and Finance
Which of the following statements regarding the write-offs of non-performing assets (NPAs) mentioned in RBI's Financial Stability Report is correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Public sector banks completely stopped the practice of writing off loans in FY23.
- 2In a technical write-off, loans are removed from the balance sheet of the bank and transferred to off-balance sheet records without waiving the right to recovery.✓
- 3Private sector banks accounted for more than 80% of total write-offs in FY23.
- 4In a write-off, the bank waives its right to recover the loan from the borrower.
Correct answer
In a technical write-off, loans are removed from the balance sheet of the bank and transferred to off-balance sheet records without waiving the right to recovery.
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