Sunday, February 18, 2018

Letter.

Letter Published in The National UAE on 19 Feb 18  In India, the poor struggle for credit while the rich get away with scandal
I refer to your article Indian banks face $3bn hit (February 18). Every Indian city has been agog with talk of this alleged scandal. This, if true, would qualify as the nation's greatest scam in the banking sector. It is painful. In India, the common man struggles to get a loan from the banks, is deliberately encumbered with formalities and procedures, while others get billions by exploiting connections. This is unacceptable. I hope the government will act fast.
K Ragavan, Bangalore

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