Considering the data, the NPA increased at 34% per annum between 2005-14 and 67% per annum between 2015 to 2017. Clearly, NDA government is performing worse than UPA government.
Considering the data, the NPA increased at 34% per annum between 2005-14 and 67% per annum between 2015 to 2017. Clearly, NDA government is performing worse than UPA government.
BJP came to power to write off corporate bad loans and against it they received huge donation with illegal nexus with corporate. The NDA government looted like this India public by GST and denomination. By people hard earned money they sanctioned loan to corporate which are not recovered.
Re: Looter Govt in India
by sanchayadey on Oct 27, 2018 10:43 AM
Mia Nasiruddin ,thus are not NPA created by NDA ,these are NPA u earthed during NDA ,whci are mostly loan given during the UPA period and accounts are suppressed or fudged during UPA ,under direct supervision of the scam stars Manmohan Singh ,Chidambaram under Sonia Gandhi.
As rightly said by Mr. Naraynan, NPAs dont happen overnight. What is more important is whne did the disbursal happened. This data will show that almost 95% of 7.28 lakh cores was disbursed during UPA-I & UPA II. All these companies who got money had a direct indirect link with Congress leaders and their relatives. So will Rediff publish the data on disbursal.
Re: Data on when the disbursal happened is more important
by Gladyschellam on Apr 09, 2018 02:19 PM
Mr Agarwal: It is a political as well as defending statement. Since the introduction of classification of NPA 1995 about 20 years various govt were in power and have not seen such rise in quantum and %age.Rise in quantum may be because of growth of bank business but not in %age. There are many chances of Big a/cs become NPA who have been enjoying credit facilities over 20/30/40 years ago. During the year of demonitation and subsequent year increase of NPA are more in %age -
Re: Data on when the disbursal happened is more important
by Ashim Manna on Apr 09, 2018 11:45 AM
When UPA(2004-2014) rule at that time NPA was 2,51,054 crore. Now NDA(2014-up to day) NPA was (8,31,141 - 2,51,054)=5,80,087 crore. How this happen?????. Every time BJP blame congress did now you tell me who did this???? Please Do RTI and dont blame Congress.It give BJP minister in parliament.
Re: Data on when the disbursal happened is more important
by Ashim Manna on Apr 09, 2018 11:46 AM
When UPA(2004-2014) rule at that time NPA was 2,51,054 crore. Now NDA(2014-up to day) NPA was (8,31,141 - 2,51,054)=5,80,087 crore. How this happen?????. Every time BJP blame congress did now you tell me who did this???? Please Do RTI and dont blame Congress.It give BJP minister in parliament.
NPAs are not created overnight. As a banker with 3 decades of experience, I can say that most of the times the decision to declare them as NPAs are deferred, with a fervent hope and are restructured as a measure of rehabilitation to save the account; but many a time the cosmetic painting peels away little later due to various reasons. How the borrowers manipulate / bankers are hoodwinked / designs of fraudsters and modi-operandi of frauds (In India as well as abroad) have been explained with the help of about 100 fraud / fraud-like cases in my book "Vipers in Bushes & A Banker's Ordeals" published by Skylark Publications New Delhi. Please don't blame the bankers alone for this predicament.
Re: NPAs & Banks
by Gladyschellam on Apr 09, 2018 02:10 PM
What are the causes for becoming NPA a few: Wilful defaulting 2. failure of monsoon 3. Industrial & Manufacturing, Export sectors' negative/inadequate growth, 4.Govt Policies, 5.Delay in Legal Decisions, 6. Identifying borrowers 7. monitoring the accounts, 8. frauds 9. Diversion of funds 10. Death, Quarrels, mismanagement of borrowal funds-labour etc,11 Closure of business for various reasons. 12 Decisions like Demonitation - curtailing money circulation 13. Over-taxing, withdrawal of subsidies - discouraging of imports and exports ie Policies affecting certain sectors. As of date most affected sectors are Power, Infrastructure and Real Estate etc.
When UPA(2004-2014) rule at that time NPA was 2,51,054 crore. Now NDA(2014-up to day) NPA was (8,31,141 - 2,51,054)=5,80,087 crore. How this happen?????. Every time BJP blame congress did now you tell me who did this????
nonsense...these scams came to light because of accident...and not because of some steps taken by modi govt...these are all modi govt scams and modi govt loot...
Is this Indias scam of the century? Because what has come out in the ICICI-Videocon case reveals there could be a pattern of quid pro quo enabling those in high places siphon off lakhs of crores of public money using this route. It calls for more investigation and fixing of accountability rather than just cooly writing off huge amounts.
Re: Scam of century
by dev sak on Apr 09, 2018 09:47 AM
Kochhar is incapable of holding the CMD Office and should be sacked, prosecuted and tried in Court.
