Last week the finance minister Ms Nirmala Sitharaman told the Rajya Sabha that Scheduled commercial banks have written off 10 lakh crore of bad loans in five years and that only 13 percent of the write off have been recovered. Separately, cumulative recovery of bad loans through the Insolvency and Bankruptcy Code until September (since the IBC came into existence in 2016) has been just 30.8% . Watch this week's video as Debashis Basu talks about bad loans of public sector banks and IBC.

#badloans #debashisbasu #moneylife

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