News of the day

3 September, 2018 12:00 AM printer

News of the day

Indian Prime Minister Narendra Modi on Saturday blamed ‘phone-a-loan’ scam of the previous UPA government for the bad loans in the banking sector and said every penny given at the behest of ‘namdars’ (dynasts) will be recovered. Speaking at a function to launch the payments bank of the postal department, he said a majority of bank funds during the previous regime were reserved only for rich who were close to a particular family.

 


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