"During the past 13 years what we see is that the banking system as a whole has written off more than Rs 1 lakh crore in advances," Chakrabarty, the senior-most of the deputy governors at RBI, said.
"We only talk about the debt waiver of the agricultural borrowers, we don't say big players and of this (Rs 1 lakh crore) 95 per cent are all big borrowers and it has been written off," he said.
The government had announced a waiver of over Rs 60,000 crore in advances to the farm sector as a one-time measure in the Budget of 2008 following stress in the rural sector.
Besides, Chakrabarty held complacency on credit appraisal and credit management responsible for the present situation of high non-performing assets and high incidence of loan recastable.
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