loan defaults and write off

Writing off is only book entry

Waiver is legal right forgone

Write off is done on basis of Ind AS and statutory auditor instructions on basis of basic accounting principle of conservatism

There is not a single case of waiver of loan.  What has been done is purely in compliance with universally accepted accounting practice. 

The loans were due for a long period, hence provision for Bad/Doubtful loan was made as per accounting practice. 

Their policy is that if a loan is not recovered within 4 years from the date of making 

‘provision for Bad/Doubtful loan’, then it has to be written off in the books of accounts and so after 4 years elapsed , they have written off the amount from their books of accounts only and Memorandum record will be maintained for all such cases for following up, filing suits , attaching the loanees’ assets , if any, etc. exactly in the same manner that would have been followed had the amount not been written off.  

This is totally their internal issue in compliance with their accounting policy.  

https://www.businesstoday.in/sectors/banks/bad-loans-worth-rs-80893-crore-written-off-by-banks-till-september-quarter/story/391460.html

And when will be the bad loans recovered from defaulters....

Through legal recourse only. Because affected parties take legal recourse. Harsh measures only after that ....Govt decisions gets challenged up to supreme court level. Until all legal course is satisfied no arrest or coercive action can be made. This is our Indian Constitution and we are all bound by that.

we have to follow the Constitution....We cannot take the fundamental rights of citizen to appeal

Even if we know a person is guilty....bedore punishing they have to be proven first in courts if litigated .....

That’s the problem wait for 10 years . 

Alas....We have to live with slow legal system