Public Money:- A Best Dine or a Cuisine for Indian Banks.

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Let's Start with some facts and figures:-

The country’s largest lender SBI accounts for over 27 per cent of the total amount owed to public sector banks by wilful defaulters.

As many as 1,762 wilful defaulters owed Rs 25,104 crore to State Bank of India as on March 31, putting pressure on its balance sheet.

Punjab National Bank (PNB) is next on the list with 1,120 wilful defaulters having outstanding non-performing assets (NPAs) or bad loans of Rs 12,278 crore. Together these two banks account for Rs 37,382 crore or 40 per cent of the total outstanding loans according to the Finance Ministry data.

Scenario 2:-

Country’s largest bank SBI netted a collection of Rs1,771.67 crore, more than its second quarter profit, from customers for non-maintenance of monthly average balance in savings accounts in eight months of 2017-18, finance ministry data showed...

I want to ask this Banks How much they recovered from the Defaulters? Absolutely  no.

But if you have to extract money from the common people you foolishly and shamelessly deduct from their account.Since it is in your hand ti deduct the money than why dont you extract money from their accounts.

Now,See Modiji whatever you and your government are doing to make India a better place to live and a futuristic Hub for the International is applauded ,but Modiji its the public Money that matters.

I am not here to tell you what to do and what not to since you are very much better than me.But I request you that this kind of collection from public is totally not good.I mean if you have so much power and guts then collect money from the defaulters why should we pay ??

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