Birdwatch Note Rating
2024-04-30 04:07:31 UTC - HELPFUL
Rated by Participant: 9E70EDFB0E0C470AE648C07BEC596852DAEAB2B682659EE8E9FCB385962C1049
Participant Details
Original Note:
Factually incorrect. Any loan if not repaid is first written-off on the balance sheet by bank. It doesn't mean waived-off. Bank then attach the property which is then auctioned to recover outstanding loan as much as possible. Waive-off is a relief & differs from Write-off. https://moneyview.in/loan-insights/difference-between-write-off-and-waive-off
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