Indian banks are public, government owns majority share in them. It's ultimately the government shareholders and general public who loses when tons of loan sudd

Indian banks are public, government owns majority share in them. It's ultimately the government shareholders and general public who loses when tons of loan suddenly go NPA. As someone whoes family is in banking, it's not a low level employees at bank who is bribed. High level executive at a bank is pressured into passing a loan for a project which otherwise wouldn't pass bank's strict loan approval in return sometimes the high level executive will be offered financial favours when he would have retired Sometimes the high level executive would have sent his son or daughter to US or UK for studies and suddenly they turn millionaire and banker claims they made good business there but infact it's the money laundered to UK from India, ending up in their foreign bank accounts