 "RBI")
Indian banks have written off Rs 68,607 crore of debt of top 50 willful defaulters till September 30, 2019, said the Reserve Bank of India (RBI) in response to a petition filed under the Right to Information (RTI) Act.
The list, however, doesn’t include overseas borrowers as it is exempted from public disclosure.
The write-offs are technical or prudential in nature, which means the banks have made 100 per cent provisions against the loans. However, this doesn’t mean the banks have given up the right to recover the loans. It also doesn’t mean that banks have written off the entire
