Report: The beleaguered public sector Punjab National Bank (PNB) has admitted to 1,142 big and small defaulters all over India who have defaulted a stupendous Rs 25,090.3 crore. https://www.timesnownews.com/business-economy/companies/article/pnb-admits-staggering-loan-defaults-of-rs-25000-crore/435582
Defaulters are created phenomena. Punish all those bank officials whether he/she is a mere clerk or MD & CEO, who helped to carry out the fraud for money.
I wonder how many skeletions are yet to come out of our banking system. I also wonder why the banking system did not collapse in India? RBI, finance ministry,do you have an answer?