Bank’s Magic Trick Exposed: The ₹12 Lakh Crore Disappearing Act
The ₹12.3 Lakh Crore Disappearing Act: Bank’s Magic Trick Exposed
Let’s crunch some numbers—and by crunch, I mean watch ₹12.3 lakh crore of bad loans vanish into thin air. Over the past decade, Indian banks have pulled off the financial equivalent of a disappearing act, with public sector banks leading the show. Of course, “public sector” is just a fancy way of saying your money.
Take a bow, SBI: ₹2 lakh crore gone. A round of applause for PNB: ₹94,702 crore wiped clean. And let’s not forget FY 2019, the crown jewel of fiscal irresponsibility—₹2.4 lakh crore written off in a single year. While middle-class borrowers get harassed for a late EMI, these big boys simply stroll off into the sunset.
But don’t worry, they tell us. “Write-offs” don’t mean the loans are forgiven. Recovery efforts are ongoing. Sure, and unicorns are real. Where’s the ₹12.3 lakh crore, then? What’s been recovered? Crickets. No answers, no accountability, no transparency—just a colossal sinkhole devouring taxpayer money.
Here’s the dirty little secret: you pay for this circus. Higher interest rates, fewer loans, more taxes—it’s the honest citizens who foot the bill. Meanwhile, the big borrowers? They’re busy planning their next vacation. It’s not just a banking crisis; it’s a robbery in plain sight.
So here’s the ₹12 lakh crore question: when does the outrage translate into action? When do we stop letting the system bleed us dry while pretending to chase “recovery”? Because let’s be real—this isn’t just about money. It’s about trust. And at this rate, India can’t afford to lose more of either.
