December 5, 2023
Jawhar Sircar’s supplementary question during Question Hour in the Rajya Sabha on comparing India’s bank loan write-offs to the international standard, as published by the IMF
Sir, this question has been replied to in terms of receding amount of bank write-offs. Fair enough. The question that I wanted to ask is: Are we making international comparisons, because the IMF data released every six months show that the average bad loan write-off – GNPA to total loan – is around 1 per cent to 1.5 per cent. India went up to 11 per cent! It is humongous. Forget history. My supplementary is this. Is the Government making comparisons with international norms to understand how good or how bad we are? Sir, my question has not been answered. Sir, I have said, GNPA, Gross NPA to total loss is a percentage that is internationally accepted. Year by year comparisons are given out and it is 1 to 1.2 per cent on an international average. India has not come anywhere across it in the last eight years. Would the Minister who has read so much, who has been kind enough to intervene, give us a year by year comparison of the IMF standard or the IMF-accepted international standard of Gross NPA to total loss versus India’s? In writing, Sir.
