DECEMBER 4 2024

Top banks with highest loan write-offs in FY24

Loan write-offs occur when banks label a loan as unrecoverable, removing it from their balance sheets. 

What is a loan write-off?

Indian banks wrote off loans worth nearly ₹1.7 lakh crore in FY24. Here's a list of the top 7 Indian banks with the amount they wrote off in FY24.


₹8,346 crore

8. Axis Bank 

₹8,734 crore

7. Indian Bank 

₹9,897 crore

6. Bank of India

₹11,030 crore

5. HDFC Bank

₹11,827 crore

4. Canara Bank

₹16,161 crore

3. State Bank of India

₹18,264 crore

2. Union Bank of India

₹18,317 crore

1. Punjab National Bank

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