Technical Write Offs in India's Banking Sector
Technical write-offs in India’s banking sector have become a topic of interest and debate due to their impact on the financial health of banks and the overall economy. These write-offs, which are done for accounting purposes, have the potential to boost banks' finances and reduce their tax liabilities. However, there are concerns about the economic and government debt effects that these write-offs may have. Technical Write-Offs and Non-Performing Assets One significant development in this area came with Prime Minister Narendra Modi’s decision to reduce the number of public sector banks from 27 to 12....