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1993 Vohra Committee report ignored Recent news reports reveal that the Indian banks wrote off loans worth Rs 1.53 lakh crore in 2020-2021 to show low non-profit assets in their books. This is the second highest amount being written off in the past decade. The highest write off was in 2018-2019 at Rs 2.54 lakh crore. The striking part is that the biggest defaulters are corporate houses whose loans are written off with the stroke of a pen. The highest write-offs were in the quarter ending December 2020; 55.65% of total non-performing assets (NPA) written off in the year. When someone posted the above news report on Facebook, a retired diplomat responded by saying: “Ignorant article. A write off cleans up a balance sheet by accepting that certain loans will not be paid back. So it reduces the asset base, never an easy decision but a brave one, it s being realistic. It does not make a balance sheet look good as it wipes out reserves. But it does not let off the defaulters. Their l

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