Bank Loan Write-Offs: Serving the Corporates

Bank loan write-offs and bank frauds continue to mount at an unprecedented rate under the BJP regime in the last eight years. Public Sector Banks (PSBs) which were in good financial health till 2014, started hitting the floor since the start of the Modi regime. This is also the time when corporate defaulters were given the freedom to regularly flee from the country with unpaid debts amounting to millions of rupees. Rishi Agarwal was the latest prominent name who left the shores with a whopping debt of Rs. 24,000 Crore!