Wednesday, 17 February 2016

The Supreme Court has ordered RBI to share information about cases where loans amounting to Rs 500 crore and above have been written off by public sector banks.
Taking suo motu cognizance of The Indian Express report that Rs 1.14 lakh crore of bad loans had been written off by state-owned banks between 2013 and 2015, the Supreme Court Tuesday ordered the Reserve Bank of India (RBI) to share with it names of all defaulters who owe over Rs 500 crore and continue to lead “lavish lifestyle”.
NOTE: The banks will not write off a single rupee, the ordinary people have to repay. But, there is another rule for the big guns in the society....
Finance Ministry wants all types of data to sanction a small increase in the pension of about one lakh pensioners.
These banks who have written off Rs 1.14 LAKH CRORE are working under the same Finance Ministry..... 

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