Bank of Baroda (BoB) has disclosed that it technically wrote off ₹35,715 crore in loans involving borrowers owing ₹100 crore or more between FY2020-21 and FY2025-26.
The figures emerged through an RTI application filed by Pune-based activist Vivek Velankar. The largest write-offs occurred in FY2020-21 and FY2021-22, at ₹11,916 crore and ₹11,261 crore respectively.
Against the ₹35,715 crore written off, BoB reported cumulative recoveries of ₹9,946 crore—less than 28% of the amount technically written off during the period.
The bank also disclosed ₹7,817 crore in write-offs or haircuts associated with settlements of large accounts, including cases handled through NCLT or other resolution mechanisms.
However, BoB declined to disclose borrower-wise identities, citing provisions of the RTI Act relating to privacy, commercial confidence and fiduciary information. Importantly, a technical write-off is an accounting action and does not automatically end recovery proceedings.
The disclosure has nevertheless renewed debate over transparency, recovery effectiveness and accountability for large corporate defaults, particularly when compared with recovery measures faced by ordinary retail borrowers.
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