Government Transfers 560 Crore NPA To Another Bank
Apart from the legal aspects of this issue, about which I am proving a link that deals with this issue in detail, there is a moral question involved.
Why should an ordinary share holder of a Bank who is in noway connected to the Non Performing Assets(NPA) incurred by another Bank to suffer for the inefficiency or wanton non collection of its Dues.
I say 'wantonly' because insiders in the banking circle say that majority of the NPA belong to companies owned by the Politicians.
Curiously no report, not even a mention is made of these issues, NPA being transferred and NPAs are the default of Politicians any where in the internet.
Curious or have I not searched properly?
Retied senior Bankers or those in current employment with guts may provide inputs.
Non Performing Assets of Banks, India.
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