It was disclosed in the Parliament on 22nd 9November 2016 by Minister of State for Finance Santhosh Kumar Gangwar that 2,071 industrialists owned Rs.3.89 lakh crore to various banks in the country.
What action is being taken to recover the amount is not known. According to the Minister the concerned banks have to take action.
In fact, the complicity of the corporates, top management of the banks, political leaders of ruling parties and government can not be dismissed.
The banks and government have to take strict and swift action to recover the money from the corporates.