The details of industrialists against whom a debt exceeding Rs.50 crore remains pending along with debt amount is as under:
| NPA accounts above Rs.50 crore for PSBs as on June 30, 2016 | |
| No. of NPA Accounts | Amount (Rs. in Crore) |
| 2071 | 3,88,919 |
Source: PSBs
In terms of instructions of Reserve Bank of India (RBI), every bank has to have its own recovery policy including the manner and procedure of write-offs. Loans are written off after appropriate provisions have been made to take advantage of tax benefits and capital optimization. In respect of technical write-offs, RBI has permitted write-offs at Head Office level while recovery efforts are still continued at branch level.
Disclosure of write-offs is mandatory to be published in the balance sheet of the banks as per RBI master circular on Disclosure in Financial Statements – ‘Notes to Accounts’ dated July 1, 2015.