Banking ststem: Big defaulters get bigger loans

If a person borrows a small sum and is unable to repay the debt, the banks blacklist him. He is not to be eligible for receiving any future credit. But if one is among the 10 biggest Indian corporates, one not only enjoys the luxury of loans being repeatedly waived off, almost to the tune of two lakh crore rupees in total, but also continues to receive more loans and possibly more waivers. This has been revealed by the Reserve Bank of India.

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