Banks don't benefit from these schemes. Nor do they sell these loans to third parties either in bulk or in tranches. In India, major banks are partly owned by t

Banks don't benefit from these schemes. Nor do they sell these loans to third parties either in bulk or in tranches. In India, major banks are partly owned by the government, even though these banks are listed on their stock exchanges. So, it is a form of collusion between bank executives and powerful loanees. Who holds the bag? Usually the government in the Indian case: for instance, Indian govt has 61.23% ownership in State Bank of India, a large bank in India. In India, many politicians are also businessmen--real or fake; these people with dual masks (politician and businessman) are so good at scamming the govt, banks, public works contracts.