Despite declaration of government that strict action will be taken to reduce NPAs (bad loans) of banks, which have reached to lakh of crore of rupees, no action is visible. Instead the bad loans are increasing.As on June 2016, NPA has reached Rs.6,30,323 crore.In the last three months alone, NPA increased by Rs. 80,000 crore.
Poor man’s hard earned savings are allowed to be grabbed by the rich and Corporates. Why no action MR. Prime Minister?