In the last decade, Indian banks have written off a staggering ₹17.5 lakh crore in bad loans. But where did this money go? Contrary to popular belief, it wasn’t small farmers or struggling businesses who benefited—it was wealthy corporations and industrialists who defaulted on massive loans. While common citizens face relentless bank recoveries for small debts, big defaulters remain protected, with their names kept confidential under RBI regulations.