Explained: Loan write-off is not the same as loan waiver; what you should know

Loan waiver is quite different from writing off a loan as it is the cancellation of recovery or refraining from claiming the dues. In simpler terms, banks will completely give up on such loans and no recovery will be made.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2zN0p1P