“Technical write-offs by Indian banks are inequitable and should be stopped.
It is a big scam. Small loans are rarely written off, most of them are big loans,” said Former Reserve Bank Deputy Governor Dr K C Chakrabarty. It shoukd be noted that Public sector banks have written off Rs 1,14,000 crore in the last three years.
Banks are planning to write off more bad loans in the current year, and this could be Rs 52,227 crore, similar to the quantum written off in 2014-15.