Ramaswami: With the government stepping in time and again to bail out banks by recapitalising them with taxpayer money, banks have stepped up writeoffs of loans taken by rogue borrowers. They wrote off a whopping Rs 1,56,702 crore of non-performing loans during the nine-month ended December 2018, taking the total loan writeoff to over Rs 7,00,000 crore in the last 10 years, according to figures revealed by the Reserve Bank of India (RBI).