• Saturday, September 21, 2019
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Bank defaulters and defrauders

Former RBI governor Raghuram Rajan sent Modi in February 2015 a list of billionaire bank defaulters who had actually committed fraud and who needed to be prosecuted. What action did Modi take to investigate and prosecute those names? Why are you and your government reluctant to make that list – and the action you took – public? A parliamentary committee has sought that information from the PMO as have numerous RTI applicants but you have refused to divulge anything. Why?
Secondly, your ministers say the Insolvency and Bankruptcy Code (IBC) is the NDA government’s response to the NPA crisis that started during the UPA-era. But recent steps – like sparring with the RBI over the central bank’s February 12 circular, or asking Public Sector Banks to come out of the Prompt Corrective Action (PCA) framework – undermine the agenda to fix the banking system. How do you justify these two steps?

  • Roderick Reply
    7 months ago

    These are the top 10 defaulters in India; Kingfisher Airlines at No. 9? … Even as RBI Governor Raghuram Rajan was against the central bank naming all defaulters stating that it would lead to undue panic and kill business activity, a news portal Newslaundry has spill the beans on the list. … 21st January 2019. Badhir News: Special show for …

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