#TheMarket | Catch Dr. Alok Misra of MFIN India and Udaya Kumar of CreditAccess Grameen on The Market today at 10 AM as they talk about rising NPAs in microfinance and the impact of #COVIDSecondWaveInIndia on the sector
NPAs are the sins of Congress. In 60 years, Indian banks gave Rs. 18 lakh crore as loans. However, during 2008-2014, it increased from Rs 18 lakh crore to Rs 52 lakh crore. ‘Phone-banking' culture of UPA led to exponential increase in the bad loans.
Government under leadership of PM ji has been systematically cleaning the financial & economic mess left behind by the Congress. Cleaning up banks & resolving NPAs is part of Congress Mukt Bharat #NPAturnaround
If Prannoy being raided for "allegedly causing a loss to a pvt bank", what about those sitting on billions in public sector bank NPAs?