Report reveals a total of Rs 5,55,603 crore loan written off by banks in last 5 years

Newspaper Indian Express' report says bulk of the writeoffs, or almost four-fifth of the total amount written off in the last 10 years, have accrued in the last five years since April 2014. In its reply to an application filed by The Indian Express, the RBI revealed that the total loan  written off in the last five years since April 2014 amounted to  Rs 5,55,603 crore.