IIPM Think Tank Prasoon S Majumdar on Black Banks
Fraudulent accounts and loans against property are not just mere imagination of script writers but actually a widely practiced scam in India. Small and discreet nexus of bank officials and corporate (and individuals) play hand in gloves when it comes to banking frauds. Lately, banking loans discrepancies (especially in the real estate sector) have been creating flutters in India’s financial market involving a number of public sector banks and other financial institutions.
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