LIE: Loans were given over the phone in Congress rule, the web of NPAs was spread during this time


Modi Lies / Friday, July 20th, 2018

Mr. Modi’s favorite job as PM is to blame every fault on previous governments simultaneously taking credit of the work done by previous governments. With very little to show for, this is another example of the same. He constantly claims that the rise in NPAs is due the faults of Congress rule whereas data shows otherwise. The NPAs of the banking sector were Rs 9.62 lakh crore at end-March 2018, up from Rs 2.51 lakh crore as on March 2014.

Read More Here: https://www.financialexpress.com/industry/banking-finance/4387-large-borrowers-account-for-90-per-cent-of-npas/1257089/ 

Image Courtesy: Financial Express

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