AFTER DOUBLING OF BANK FRAUDS, SWINDLERS TO GET SECOND CHANCE
RBI ALLOWS COMPROMISE SETTLEMENT AND FRESH LOANS IN PUBLIC INTEREST
2023-06-14 14:08
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In the first eight years under Prime Minister Narendra Modi, India witnessed more than double the number of bank frauds. The first half of the ninth year, number of frauds rose even more sharply compared to the corresponding months of the eighth year. Now in the tenth year, when Lok Sabha elections are only 10 months away, the fraudsters are being allowed compromise settlement and even fresh loans in the ‘interest of public’ rather than much desired actions against the swindlers of bank moneys and conniving bank officials.