RBI Claims PNB Wrote off Rs 8,500 Crore, Bank Denies Allegations
Punjab National Bank denies to have written-off even a “single paisa”.
While RBI maintains that Punjab National Bank (PNB) wrote off over Rs 8,500 crore as non-performing assets (NPAs) in the last two years, the bank denies writing off a “single paisa” during this period.
Bank of India, on the other hand, claims its write-off in the last two years has been more than Rs 17,700 crore while the RBI puts the write-off figure during this period at Rs 2,567 crore – less than 15 percent.
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