Reptilian News – PSU banks are suffering NPAs because of influence peddling by Finance Ministry officials & politicians

Reptilian News - Why Indian government-owned banks have so much NPAs

Finance ministry officials influence banks to lend to politicians and their cronies. This is why PSBs (government banks) are burdened with so much NPAs.

As predicted by me foreign shills are peddling reports and op-eds claiming that NPAs can be eliminated if banks were privatized. It is as if private banks have not gone broke (GTB) or have no bad debts (ICICI, HDFC, Axis…). Even if some government banks are privatized the remaining banks will continue to be exploited by politicians and their influential friends.

The only solution is for government banks to be run by  bankers not bureaucrats. And independent board should take care of corporate governance and monitoring.

https://thewire.in/227427/to-push-for-privatisation-as-a-solution-to-the-pnb-scam-is-to-ignore-history-problems-of-private-banking/