New Delhi: The Congress on Saturday cited a Credit Suisse report to allege that the Modi government waived loans worth Rs 7,77,800 crore of "crony friends" in five years, and asked why it could not give debt relief to farmers.
"Shocking state of bank loan waivers, NPAs & impaired banking assets exposed by Credit Suisse report! Since 2014, Modi government has given super sized bank loans waivers worth Rs 7,77,800 Crore!" Congress chief spokesperson Randeep Surjewala said in a series of tweets.
-
Shocking state of ‘Bank Loan Waivers’, NPA’s & ‘Impaired Banking Assets’ exposed by Credit Suisse report!
— Randeep Singh Surjewala (@rssurjewala) February 22, 2020 " class="align-text-top noRightClick twitterSection" data="
Since 2014, Modi Govt has given super sized Bank loans waivers worth ₹7,77,800 Crore!
Why is Modi Govt not disclosing the names benficiaries of this ‘largesse’?
1/3
">Shocking state of ‘Bank Loan Waivers’, NPA’s & ‘Impaired Banking Assets’ exposed by Credit Suisse report!
— Randeep Singh Surjewala (@rssurjewala) February 22, 2020
Since 2014, Modi Govt has given super sized Bank loans waivers worth ₹7,77,800 Crore!
Why is Modi Govt not disclosing the names benficiaries of this ‘largesse’?
1/3Shocking state of ‘Bank Loan Waivers’, NPA’s & ‘Impaired Banking Assets’ exposed by Credit Suisse report!
— Randeep Singh Surjewala (@rssurjewala) February 22, 2020
Since 2014, Modi Govt has given super sized Bank loans waivers worth ₹7,77,800 Crore!
Why is Modi Govt not disclosing the names benficiaries of this ‘largesse’?
1/3
-
2/3
— Randeep Singh Surjewala (@rssurjewala) February 22, 2020 " class="align-text-top noRightClick twitterSection" data="
Shocking state of ‘Bank Loan Waivers’, NPA’s & ‘Impaired Banking Assets’ exposed by Credit Suisse report!
Gross Banking NPA’s are a whopping ₹9,10,800 Cr!
‘Impaired Banking Assets’ are a colossal ₹16,88,000 Cr!
Credit Growth of Pvt Banks ⬇️ to 12%, PSU Banks ⬇️ to 4%! https://t.co/bhqyrUcaUe
">2/3
— Randeep Singh Surjewala (@rssurjewala) February 22, 2020
Shocking state of ‘Bank Loan Waivers’, NPA’s & ‘Impaired Banking Assets’ exposed by Credit Suisse report!
Gross Banking NPA’s are a whopping ₹9,10,800 Cr!
‘Impaired Banking Assets’ are a colossal ₹16,88,000 Cr!
Credit Growth of Pvt Banks ⬇️ to 12%, PSU Banks ⬇️ to 4%! https://t.co/bhqyrUcaUe2/3
— Randeep Singh Surjewala (@rssurjewala) February 22, 2020
Shocking state of ‘Bank Loan Waivers’, NPA’s & ‘Impaired Banking Assets’ exposed by Credit Suisse report!
Gross Banking NPA’s are a whopping ₹9,10,800 Cr!
‘Impaired Banking Assets’ are a colossal ₹16,88,000 Cr!
Credit Growth of Pvt Banks ⬇️ to 12%, PSU Banks ⬇️ to 4%! https://t.co/bhqyrUcaUe
-
3/3
— Randeep Singh Surjewala (@rssurjewala) February 22, 2020 " class="align-text-top noRightClick twitterSection" data="
Shocking state of ‘Bank Loan Waivers’, NPA’s & ‘Impaired Banking Assets’ exposed by Credit Suisse report!
Modi Govt can waive loans of ₹7,77,800 Cr in 5 years of crony friends, why no debt relief to India’s farmers?
Who is responsible for safety of people’s money in Banks? https://t.co/Tw0NTvDMsV
">3/3
— Randeep Singh Surjewala (@rssurjewala) February 22, 2020
Shocking state of ‘Bank Loan Waivers’, NPA’s & ‘Impaired Banking Assets’ exposed by Credit Suisse report!
Modi Govt can waive loans of ₹7,77,800 Cr in 5 years of crony friends, why no debt relief to India’s farmers?
Who is responsible for safety of people’s money in Banks? https://t.co/Tw0NTvDMsV3/3
— Randeep Singh Surjewala (@rssurjewala) February 22, 2020
Shocking state of ‘Bank Loan Waivers’, NPA’s & ‘Impaired Banking Assets’ exposed by Credit Suisse report!
Modi Govt can waive loans of ₹7,77,800 Cr in 5 years of crony friends, why no debt relief to India’s farmers?
Who is responsible for safety of people’s money in Banks? https://t.co/Tw0NTvDMsV
Why is the Modi government not disclosing the names of the beneficiaries of this "largesse", Surjewala asked.
Also read: Modi unlikely to visit Taj Mahal with Trump: Govt sources
"Gross banking NPAs are a whopping Rs 9,10,800 crore! Impaired banking assets are a colossal Rs 16,88,000 crore! Credit growth of private banks down to 12 per cent, PSU banks down to 4 per cent!" he said.
"Modi government can waive loans of Rs 7,77,800 crore in 5 years of crony friends, why no debt relief to India's farmers? Who is responsible for safety of people's money in banks?" Surjewala asked.
(PTI Report)
