Most of the Modi government's programs like jandhan, jan suraksha, Mudra yojana etc hugely bank upon over the performance of the nationalized banks. But, the Modi government which takes credit of many good economic events achieved in last 2 years, but at the same time, they should be blamed for the bad performances of their banks also. The recent balance sheet of the banks looks in alarming condition. Most of the nationalized bank are running under huge losses.
NPA of the banks have started to rise in galloping manner. It is worrisome, what will be of the banks? In this very circumstances the row between RBI and Govt. is further aggravated and on the other side bank defaulters are on the run. Ultimately it will damage our economy.