All big bank loan frauds happen simply due to connivance with corrupt top bank officials and those in power - by allowing debtors to siphon money or allowing huge loans to fake projects, knowingly - And now we have controversial IBC 2016 to legalise the closure of such cases by huge haircuts
@dekhane_mukul@jhoothkigoonj@RahulGandhi YOU EXPLAIN FACTS 1. Shubhash Chandra 2. JIO 3. Govt. Schools and Govt. Hospitals not upto mark. 4.Roads. 5. Bridges. 6. Trains congestion 7. Airports given to Adani. 8. Number of Airlines reduced 9. Number of mobile operators reduced.
𝐓𝐡𝐞𝐲 𝐑𝐞𝐜𝐨𝐯𝐞𝐫𝐞𝐝 𝐌𝐎𝐑𝐄 𝐅𝐫𝐨𝐦 𝐒𝐦𝐚𝐥𝐥 𝐃𝐞𝐟𝐚𝐮𝐥𝐭𝐞𝐫𝐬 𝐓𝐡𝐚𝐧 𝐅𝐫𝐨𝐦 𝐓𝐡𝐞 𝐁𝐢𝐠 𝐎𝐧𝐞𝐬
Central Bank of India. Ten years. RTI data.
𝐒𝐦𝐚𝐥𝐥 𝐁𝐨𝐫𝐫𝐨𝐰𝐞𝐫𝐬 (under ₹1 crore)
• Recovered: ₹𝟓,𝟎𝟎𝟒 𝐜𝐫𝐨𝐫𝐞
• Written Off: ₹𝟔,𝟕𝟕𝟒 𝐜𝐫𝐨𝐫𝐞
• Recovery Rate: 𝟕𝟒%
𝐁𝐢𝐠 𝐁𝐨𝐫𝐫𝐨𝐰𝐞𝐫𝐬 (over ₹100 crore each)
• Recovered: ₹𝟑,𝟖𝟕𝟒 𝐜𝐫𝐨𝐫𝐞
• Written Off: ₹𝟐𝟔,𝟕𝟎𝟐 𝐜𝐫𝐨𝐫𝐞
• Recovery Rate: 𝟏𝟒.𝟓%
The Bank Squeezed More Money out of Small Defaulters than from the Giants — Then Wrote Off Nearly Four Times More For The Rich.
And It Refused To Name Even One Of Those Large Defaulters.
The Small Borrower is Chased.
The Big One is Written Off. Same Public Bank. Same Public Money.
#रक्षाबंधन #Flood