Banks have written off loans worth Rs 9,95,000 crore extended to large corporates and the services sector over the past 12 financial years, Parliament was informed on Monday.Write-offs peaked at Rs 1,48,753 crore in 2018-19 before declining to Rs 20,485 crore in 2025-26, Minister of State for Finance Pankaj Chaudhary said in a written reply.Citing RBI data on outstanding loans to large industries and the services sector, he said such loans increased from Rs 63,19,057 crore in FY25 to Rs 69,21,734 crore in FY26.A debt write-off was an accounting procedure and did not provide any relief to the debtor, whether a farmer or a corporate, he said.According to the RBI’s Resolution of Stressed Assets Directions, 2025, issued for commercial banks, a write-off — a major portion of which relates to technical/prudential write-offs and advances under collection — was an accounting procedure undertaken by a bank to adjust its balance sheet, Chaudhary said.Such write-offs did not result in a waiver of borrowers’ liabilities and, therefore, did not benefit the borrower, he said(With agency inputs)