Thread by @alashshukla

Lets understand why PSBs are in loss. Why arent they making profit?
Are the employees really KAAMCHOR?

Govnt started a Scheme known as Swanidhi scheme. A Loan SCHEME which was for street vendors of 10k.

As usual govnt pressurised all PSBs to sanction it..
1/n

All over the country govnt bankers were called on weekdays even to sanction these loans.

We PSB bankers did everything to make govnt scheme successful.
Although we knew that this scheme is not that benificial and the NPA will rise but we had no choice.

#CorporatePuppetGOVT

2/n

All the govnt banks didnt have any option.The biggest problem with street vendors is that you cant locate them if they have motive to run away with money.

Hence it will convert banks in loss making organisation.

#CorporatePuppetGOVT

Now if the loan is sanctioned and they have pre mindset to run away. They might change their selling place and shift their local address.
Result-- NPA.

NPA recovery is not an easy process. Creditcard companies cn send goons to customers but in PSBs, customer dont evn pick call.

Now govnt says banks are in loss??

There are so many acnts where not even single installment came frm custmr.
And govnt declares tht these banks are not making profit & is ready to sell them.

#CorporatePuppetGOVT