You might have read about the huge Non-Performing Assests (NPA)of the Public Sector Banks. NPA is the polished name for the unreturned loans to the banks. 95% of these NPAs are loans to be returned by the big corporates and businesses. Thousands of crores are to be paid by these sharks to the banks. The government is shy of taking any action since these big guns are their blue eyed boys.The Government and the Reserve Bank of India have all the details of these defaultees, but will not divulge it.
Now the Central Information Commission has asked the Reserve Bank of India to make public the names and other details of the top 100 industrialists who have defaulted repayment and cheated the Public Sector Banks. The RBI has earlier objected to the publication of the names on the plea that ' it would adversely affect economic interests of the state'. Wonderful!
It is utmost necessary to publish the list, not only of the top 100 defaulters, but that of all defaulters having at least unpaid loan of more than one crore.
SOURCE: VAN NAMBOODIRI.WORDPRESS.COM
Now the Central Information Commission has asked the Reserve Bank of India to make public the names and other details of the top 100 industrialists who have defaulted repayment and cheated the Public Sector Banks. The RBI has earlier objected to the publication of the names on the plea that ' it would adversely affect economic interests of the state'. Wonderful!
It is utmost necessary to publish the list, not only of the top 100 defaulters, but that of all defaulters having at least unpaid loan of more than one crore.
SOURCE: VAN NAMBOODIRI.WORDPRESS.COM