Banks Write Off ₹9.95 Lakh Crore as Annual Amount Falls

Banks give money to big companies so they can run their businesses.

Sometimes those companies cannot pay the money back.

When that happens, banks can 'write off' the loan, which means taking it off their records, a bit like cleaning up a messy notebook.

This does not mean the company is forgiven — it still has to pay the money back.

In the last 12 years, Indian banks wrote off loans worth ₹9.95 lakh crore from big industries and service companies.

The yearly amount has been getting smaller, falling to ₹20,485 crore in 2025-26.

The government is also spending more on big public projects like roads and buildings, and the country's deficit has shrunk.

Prices of things we buy rose very slowly last year, which is good for shoppers, and fewer people are without jobs than before.

The government, the Reserve Bank of India and the National Payments Corporation of India (NPCI) are working to stop online payment scams so people's money is safer.

India's debts to other countries remain manageable because it has enough foreign money saved up.