Delhi Demolitions lead to Rs 9,000-cr bad debts
There is a news about leading banks be loosing between Rs 7,200 crore to 9,000 crore as bad assets on housing loans paying out in the gone by years, with the Municipal Corporation of Delhi knocking down illegal property.
The problem occurred since most banks, in a rush to stay ahead of the rivals, have financed loans without carrying out the proper documentation.
Do you think banks will learn a moral to tread cautiously in future?
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