Thread by @yogtoday

1/n. Against a write off of Rs1.23 lakh crore, @TheOfficialSBI recovered just over 7% or Rs8,969 crore over the past eight FY. #BankLoot moneylife.in/article/sbi-wr… @suchetadalal @Moneylifers Info unearthed by @vvelankar #StopPSBLoot #Thread

2/n @bankofbaroda wrote off 97 accounts worth Rs21,476.89 crore over 8 years, while recovery in that same period is just 4.91% or Rs1,056.53 crore from big defaulters. moneylife.in/article/bank-o… @suchetadalal @Moneylifers Info unearthed by @vvelankar #StopPSBLoot #BankLoot

3/n @mahabank wrote off bad loans of over Rs7,402 crore in the past years, while recovering a paltry 4% in over eight years from recovery efforts. moneylife.in/article/bank-o… @suchetadalal @Moneylifers Info unearthed by @vvelankar #StopPSBLoot #BankLoot

4/n Big defaulters bad loans worth Rs26,072 crore were written off by @UnionBankTweets in the past 8 years. Refuses to refused to share info on loan recovery moneylife.in/article/union-… @suchetadalal @Moneylifers Info unearthed by @vvelankar #StopPSBLoot #BankLoot

5/n During the past 7 years, @IDBI_Bank wrote off total bad loans worth Rs45,693 crore but recoverd just 8% after spending over Rs29 crore. moneylife.in/article/idbi-b… @suchetadalal @Moneylifers Info unearthed by @vvelankar #StopPSBLoot #BankLoot

6/n @pnbindia wrote off a massive Rs44,566 crore in past 4 years & recovered just Rs12,028 crore. Recovery from big defaulters is Rs7027.94 crore. moneylife.in/article/punjab… @suchetadalal @Moneylifers Info unearthed by @vvelankar #StopPSBLoot #BankLoot

7/n @IOBIndia wrote Off Rs41,392 Crore in 8 Years; Recovers Just 17% or Rs7,253 crore. moneylife.in/article/indian… @suchetadalal @Moneylifers Info unearthed by @vvelankar #StopPSBLoot #BankLoot

8/n @centralbank_in too wrote off Rs17,239.74 crore and recovered a paltry 7% or Rs1,205.92 crore over the past eight financial years from big defaulters. moneylife.in/article/centra… @suchetadalal @Moneylifers Info unearthed by @vvelankar #StopPSBLoot #BankLoot

9/n During FY12-20, @canarabank wrote off a total of Rs47,310 crore while recovering just 19% or Rs8,901 crore from defaulters. moneylife.in/article/canara… @suchetadalal @Moneylifers Info unearthed by @vvelankar #StopPSBLoot #BankLoot

10/n @UCOBankOfficial wrote off Rs25,266 crore bad debt of while recovering just 7% or Rs1,702 crore from all defaulters. moneylife.in/article/uco-ba… @suchetadalal @Moneylifers Info unearthed by @vvelankar #StopPSBLoot #BankLoot

11/n @MyIndianBank too wrote off Rs4,792 crore bad debt of big defaulters (loan of Rs100 crore and above) while recovering just 1% or Rs66 crore moneylife.in/article/indian… @suchetadalal @Moneylifers Info unearthed by @vvelankar #StopPSBLoot #BankLoot

12/n @BankofIndia_IN wrote off Rs57,275 crore and recovered just 23% or Rs13,560 crore over the 8 eight years. Refuses info under RTI! moneylife.in/article/bank-o… @suchetadalal @Moneylifers Info unearthed by @vvelankar #StopPSBLoot #BankLoot

13/n As on 31 March 2020 @IOBIndia wrote off Rs17,821 crore and recovered just Rs102 crore or 0.5% from 66 big defaulters like #BhushanSteel #ABGShipyard #IFIN moneylife.in/article/indian… @suchetadalal @Moneylifers Info unearthed by @vvelankar #StopPSBLoot #BankLoot

14/n Except @TheOfficialSBI & @IOBIndia every other PSB declined to share info like names and amounts borrowed by big borrowers which turned into NPAs, under RTI. @suchetadalal @Moneylifers Info unearthed by @vvelankar #StopPSBLoot #BankLoot

15/n Massive ‘technical’ write-off with minuscule recoveries, leads to frequent recapitalisation of banks with the taxpayers’ money & debunk posturing by the govt about the so-called recovery efforts. @suchetadalal @Moneylifers Info unearthed by @vvelankar #StopPSBLoot #BankLoot

16/n These written off debts are no longer part of the balance sheet of the banks, nobody really keeps an eye on this and banks (PSBs) are taking undue advantage of this. @suchetadalal @Moneylifers Info unearthed by @vvelankar #StopPSBLoot #BankLoot

n/n The amounts written off by the banks eat into their profits & cause a range of charges to be slapped on ordinary bank customers & depositors. @suchetadalal @Moneylifers Info unearthed by @vvelankar #StopPSBLoot #BankLoot @aiboc_in @AIBEA_India @Bankers_We

n/n+1 Bad Loan Write Off by 12 PSBs= Rs4.49 lakh crore. Recovery Rs53,699 crore! @RBI @DasShaktikanta @nsitharaman @FinMinIndia @PMOIndia @suchetadalal @Moneylifers @vvelankar #StopPSBLoot #BankLoot We, the common customers, are paying for this loot through increased charges!!