Banking,means lending on a collateral,Legally sound and practically confiscated,in case of a default.But India's Public Sector banks offer loans,to Private Players, without Collateral,even Equity!!!
See the Bankers' explanation:-
"The bankers replied that in most of the cases, the loans are provided without any personal guarantee since the amount is huge and supposed to be invested for infrastructural development of the country."
Result:-
Tax payers looted.The NPA of the Public Sector Banks is Rs 5.5 lac crores at the tiime of posting.Compare this Rs 17.11 Lac Crores Total Budgeted expenditure for 2015/16!!!
Will be updated........
See the Bankers' explanation:-
"The bankers replied that in most of the cases, the loans are provided without any personal guarantee since the amount is huge and supposed to be invested for infrastructural development of the country."
Result:-
Tax payers looted.The NPA of the Public Sector Banks is Rs 5.5 lac crores at the tiime of posting.Compare this Rs 17.11 Lac Crores Total Budgeted expenditure for 2015/16!!!
Will be updated........
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