India’s Big Loan Loot? | Will Subhash Chandra & Other Hi-Profile Defaulters Be Punished? | Akash B



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The Subhash Chanda case has reminded us that when it comes to the law, India has two sets of rules – one for the middle class and one for big businesses. Ordinary citizens get punished and humiliated by banks & loan recovery agents for small amounts – while big capitalists get a ‘haircut’ worth thousands of crores.

How can a ₹22,000 crore loan be considered to be written down to ₹6.25 crore??? Bizarre as it may sound – it almost became a reality for Subhash Chandra and he would have not been the first to get a massive ‘haircut’ benefit… thousands of crores of rupees have been siphoned off like this – while the common man pays penalty for not maintaining his ‘minimum balance’

Why do banks recover so little from large borrowers, why are the names of many major defaulters kept confidential and what does the Subhash Chandra case tell us about the larger pattern of banking ‘haircuts’ in India?

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39 Comments

  1. Like deshbhakt always said Andhbhakt mat bano
    Realising what's happening in this country is actually corruption and nothing else.
    Every political party wants to feed off of the public and ruin the country

  2. Din bhar modi modi ka nara lagwa rahe hai pura ka pura desh ko andhbhakt force banakar chutiya banaya hai ab yeah chota mota inam to deserve hi karta hai . Modi to pura desh bechkar khub paisa banaya hai.

  3. Mukesh & Anil Ambani & Adani ka corona ke samay me kitna loan maaf Kiya hai woh bhi vasooli karni hogi saath saath me jo log bhag gaye hai unki asset aaj bhi bharat desh me woh bhi jabt karni hogi. Tabhi sabhi ko rahat hogi. Iss baar Modi Government ko danda lagana padega ki sabse vasooli karo. Nahi toh yahi culture aam inshaan me aane ko time nahi lagega.

  4. The situation is still better than the Awamy League era Bangladssh. In India, people are getting out using legal loopholes. However in BD, marked individuals and corporates had a free license to take money from banks and pass them to offshore locations. Even afyer 2+ years of the fall of Awamy regime, more than 33% of total national loan portfolio is non performing / has defaulted. Picture is still unfolding as resheduled loans of the initially defaulted loans are now defaulting.

  5. हमारे देश को अमीरों ने ही बर्बाद करदिया और अमीर होने के लिए 😢

  6. Bjp 2016 me law laya tha so that these frausters can take away the money of govt bsnks and be free from loan easily and can get loan again.
    Why not we are go lile china.

  7. Sir first of all I thank you for this burning topik.I appriciate your brave approach to bring such a matter to public which other news agencies could not bring it to public inspite of knowing everything.Salutu to you Sir. God may give you enough courage to work fearlessly.Wish long life with sound health.

  8. भाई जवाब मागो आप कीतना भी पेसा बेक में जमा करो अगर बेक दीवाली या हो तो आपको पांच लाख ही मीलेगा अजब खेला तो ऐ फोड नहीं है ओर जब भी उसके जादा पेसे जमा करो तो लीखीत में बैंक से कुयु नहीं मागते हैं

  9. भाई हम पांच लाख रुपए भी मीले तो सुद समेत वापस करने में दम रखते हैं पर कोय देता नहीं है वीसवास ही नहीं है पर पायवट को वीसवास है ओर वो दे रहें हैं ऐसा क्यूं ऐ चूतीये सही आदमी को लोन नहीं देते हैं सर पैसे की कीलत क्या नहीं करवाती है

  10. Remember, to fix the Indian problems, the Indians need to remove modi, shah, yogi and rss.
    This is the challenge if you don't take it upon yourselves your children and grandchildren will suffer and pay a heavy price.

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