Can you imagine,one of the fastest growing Indian Economy has a National Banking sector ,which forces hundreds farmer to suicide for not able to pay loans less than 1000 USD but same time allowing Rs 2,00,000/ Crores defaulters to sleep peacefully.
What is the reason?
It is very simple,no one is accountable, neither the Branch Managers nor the top corporate bosses from same Banks, these guys issue loans worth Rs 9,000/ Crore without 1%collateral guarantee.
This is extra ordinary that Banks refuse to reveal names and amount that has been given as loans for the simple reason that this will destroy defaulters corporate image.
Funny thing is- These Corporate, keep their fix amount and assets abroad and even transfer the loans taken to run airlines to foreign countries and eat away even public provident fund money deposited by employees and leave employees on street without pay.
Current Narendra Modi Government, which came in power by bringing in thousands of Crore of Black Money from foreign accounts is simply playing as PRO of loan defaulters and allowing one and all to even run away from country.
On top of it,maximum revenue to Banks come from small depositors and now Banks plan to penalize depositors by charging them with fees every time they go to deposit their own money in Bank.