Government-owned banks are busy cleaning their books and the dirt that’s coming off them is enough to swallow thousands of houses and bury dreams of smarter cities.
AFP/Representational Image
Losses of public sector banks (PSBs) add up to over Rs 79,000 crore and bad loans to a whopping Rs 8.6 lakh crore for the fiscal year 2017-18 — both highest ever in the country’s banking history.