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Modi’s Banking Crisis: RTI Reveals Record Rise In Bad Bank Loans Under Modi Govt

The RTI was filed by journalist Nitin Sethi, who listed out the information in a Twitter thread.

The Modi government has pushed the Indian economy into a major banking crisis, an RTI reply has revealed. The RBI mentioned in its reply that a record high 7,990 borrowers of above Rs 5 crore had not repaid a whopping Rs 3.71 lakh crore to banks for 1-30 days after due date at the end of March 2018 i.e. a four-year high record of early defaulters. These early defaults rose by a record 281.9 per cent over December 2017 when they stood at only Rs 97,200 crore.

The RTI was filed by journalist Nitin Sethi, who listed out the information in a Twitter thread:

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