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To Smt Nirmala Sitharaman Union Finance Minister Dear Smt Sitharaman, In my letter dated 26-8-2022 addressed to RBI Governor (https://countercurrents.org/2022/08/reports-on-highly-leveraged-debt-based-operations-of-the-adani-group-calls-for-a-closer-look-from-the-psu-banks-point-of-view/), I had specifically referred to the risks the public sector banks (PSBs) face from loans given to large private groups of companies, excessively dependent on over-leveraged debt, with little equity contributions of their own, aggressively expanding their activities into new areas in which they[Read More…]
Loans to big businesses and the other risks faced by the public sector banks
September 1st, 2022 
Awake Goy 
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