BJP MP from Pilibhit Varun Gandhi has once again targeted the Central government by taking the name of the industrialists who ran away with the bank's money running into several hundred crores.
The repo rate is the interest rate at which the RBI lends short-term funds to banks.
In fact, markets were hoping for measures from the Reserve Bank that could solve the crisis in the banking and financial sectors; but the announcement of extension of moratorium further dented the sentiment.
With an aim to reach out to the eligible borrowers, the bank has employed various strategies like SMS, call centres, emails and personal calls, explaining the facility in order to sanction the loan.
Countering the attack, Congress spokesperson Randeep Singh Surjewala took a little effort to play with the minister's name.
The Wire news report has alleged that the promoter of a company, which had Shirdi in its name and was in default of Rs 650 crore, has ties with Goyal, the union minister for railways and coal.
Oil and gas explorer ONGC has entered into short-term loan agreements with four banks to part-fund its acquisition of HPCL.…
Around 10 lakh bankers will now go on strike on February 28 to demand recovery of bank loans that have…
