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It is stated that the NPA (Bad loan) of the PSU Banks have reached 5.65 lakh crore. These are mainly the not-refunded loans taken by the corporates and big business. The banks write off thousands of crores of NPA every year with out taking any punitive action against the defaulting corporates and private companies.
It is time that the government and the bank managements take strong action and criminal cases against these big sharks eating the hard earned funds of the common people.