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Drumbeat: Ad Buzzaar
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Banks write off bad debts to look fit
Banks have found a way to reduce their bad debts. Saddled with huge non-performing assets (NPA), banks have started writing off these bad loans to show reduced level of NPA and less provisioning requirement. This is not confined to PSU banks, but even private banks, including the new private banks, are resorting to this method to project a strong balance sheet.

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