Banks wrote off nearly Rs 9.95 lakh crore in loans to large corporates and services over 12 financial years, Parliament was informed. The government said write-offs do not waive borrower liabilities, while recoveries continue. Fiscal and external debt indicators remain stable
The data can be analysed for value addition while the Government will have a regulatory control to ensure that the privacy and security concerns are not compromised, said CEA KV Subramanian
