Mumbai, May 9 -- India's leading banks have written off much higher value of loans in the previous fiscal (FY25) as well as in the last quarter of the fiscal compared to FY24. These write-offs have helped the banks report lower non-performing asset (NPA) ratios, despite ongoing stress in their retail unsecured and microfinance portfolios.

For the full fiscal FY25, 10 major banks that have declared their Q4 results so far cumulatively wrote off loans worth Rs.80,568 crore compared with Rs.74,931 crore in FY24, as per data compiled byMint. These banks are State Bank of India (SBI), HDFC Bank, ICICI Bank, Punjab National Bank, Bank of Baroda, Axis Bank, Federal Bank, Indian Bank, Bandhan Bank and RBL Bank.

In the fourth quarter (January-Ma...