Chidambaram spoke on Yes Bank disaster

by Jeremy Spirogis
India's cleanest city for 4th consecutive time

new Delhi. On one hand, the nation is affected by financial slowdown as a result of fall of GDP, however, there’s an outcry throughout as a result of disaster in Yes Bank. According to the rule of the Reserve Bank of India, each month account holders can withdraw solely fifty thousand rupees from Yes Bank. Not solely this, the financial institution's board has additionally been dissolved. As quickly as this disaster got here, the opposition additionally received an opportunity to encompass the federal government. The whole opposition together with the Congress is blaming the Modi authorities for the disaster in Yes Bank. At the identical time, former Finance Minister P Chidambaram has declared the federal government a failure.

Congress chief P Chidambaram has alleged that dangerous loans have elevated 4 occasions beneath NDA rule. <! –

                 Demonetisation has worsened the scenario. He requested the Modi authorities whether or not it was proper that SBI was searching for an funding alternative in Yes Bank? Why ought to SBI put money into Yes Bank?

P. Chidambaram mentioned, 'Actual dates at the moment are obtainable. The mortgage on the finish of March 2014 was Rs 55,633 crore, which has elevated to Rs 2,41,499 crore on the finish of March 2019. The determine stood at Rs 1.48,675 on the finish of March 2017, which rose to 2,41,499 on the finish of March 2019. Lone has made a soar after demonetisation.

P. Chindabaram wrote on Twitter, 'I perceive that the Finance Minister has made an announcement accusing the UPA, it’s regular for a authorities residing in ignorance, does the Finance Minister know the numbers I’ve tweeted The If it’s, inform me how the mortgage e-book has elevated from Rs 55,633 crore to Rs 2,41,499 crore in 5 years?

Former Union Minister P. Chidambaram has demanded that SBI ought to take the mortgage e-book of Yes Bank, even whether it is one rupee. The mortgage needs to be recovered and on the similar time the depositors needs to be assured that their cash might be secure and can come again

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