Bihar CM Nitish Kumar blames banks for improper implementation of demonetisation
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Bihar CM Nitish Kumar blames banks for improper implementation of demonetisation
Bihar Chief Minister Nitish Kumar on Saturday alleged that banks did not implement demonetisation in a proper manner, and said people could not receive benefits to the desired extent owing to it.
Addressing a quarterly review meeting of state-level bankers’ committee in Patna, Kumar also made an indirect reference to recent scams like the PNB fraud, stating that big defaulters were able to obtain huge loans and escape from the country, while the poor had to face stringent recovery steps.
“Banks are so strict in recovering amounts lent to small-scale borrowers. Why the same strictness is not shown in the case of big defaulters?” he wondered.
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I was a supporter of demonetization,but how many benefited from the move? Some people were able to shift their cash from one place to another: Bihar CM Nitish Kumar (part of his complete statement)
thats why decentralized currency is getting popular .
in india itself 8 lakh crore NPA till yet and they cant recover loans from rich people but can send bouncers for recovery from poor people or farmers .
in demonetization some branches of top 3 private banks replaced black money and many of those employees arrested but we don’t know how many escaped in between .
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Bloody politicians! Barking up the wrong tree. Who is stopping the banks to go after the recovery?