Current Affairs - Banking - Discussion

The country's largest lender SBI write off bad loans worth Rs 20,339 crore in 2016-17. It is the highest among all the public sector banks, which had a collective write off of Rs 81,683 crore for the fiscal. 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).