The bad loans or Non – Performing Assets (NPA) of the Public Sector Banks are increasing year after year. It has reached gigantic proportions. The latest report says that it has crossed Rs. 2.36 lakh crore. Almost all the top corporate houses are defaulters of hundreds of crore of rupees. No serious action is being taken by the Banks to recover the same since the defaulters are influential.
But what about the ordinary people who have taken loans from the same banks. All pressures and threats are put to them to pay up.
This is what happens in India – the difference in class makes all differences!