Post
Topic
Board Economics
Re: 5904 banks frauds in 3 months in India
by
yudif
on 18/06/2018, 05:08:11 UTC
It is sad to hear this. Here are some other scams going on in Indian banks:

1) Most of the house loans are passed with some commissions. That is why bank employees approve loans to people who are not even eligible to get loans. They later fail to pay back and it goes to NPA.

2) Point 1 also applies to many of other types of loans like business loans as proved in Nirav Modi case.

3) When demonetization was announced, many bank managers exchanged old currency with new one for some commission.