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Mysuru's Evening Daily · Since 1978
Vol. XLVIII · No. 134 · Established 1978 · Founded by K.B. Ganapathy
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“Farm loan waivers will lead to banks’ bankruptcy”

Bengaluru: The Reserve Bank of India (RBI) has warned that if Nationalised and Cooperative Banks waive of farmers’ loans, the day is not far off when Banks will go bankrupt. RBI Governor…

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Published June 20, 2017 · 2 min read
“farm loan waivers will lead t

Bengaluru: The Reserve Bank of India (RBI) has warned that if Nationalised and Cooperative Banks waive of farmers’ loans, the day is not far off when Banks will go bankrupt.

RBI Governor Urjit Patel has written letters to the Chief Ministers of all States in this regard, expressing his displeasure and said that banks continuing to encourage the bad culture of waiving of loans to the farmers should stop.

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