Multicrore bank scams, How do we safeguard the taxpayers money?We have been expressing our anger and loss of faith in the banking system that is reeling after being hit by one scam after another.
Nobody knows what else is cooking? how many more are there in the pipeline?
Instead of just raising threads about X,Y,Z or blaming a party, can we discuss on how to safeguard the tax payer's money. Because so, far in the last 11 years, three of our FMs (Pranab Mukhjeree, Chidambaram, Arun Jaitely) have pumped in Rs: 2,60,000 CRORES of the tax-payers money to bail out the Public sector banks in the last 11 years.(times of India,19th Feb 2018)
What needs to be done to stop the bleeding of banks by bad loans because, I'm sure the only way out for the Government is to support the ailing banks once more.
Learned members with finance and banking background can make this discussion meaningful.