this post was submitted on 01 Sep 2023
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Yes Bank settles with Subhash Chandra, takes 75% haircut on ₹6,500-cr dues (www.thehindubusinessline.com)
submitted 2 years ago* (last edited 2 years ago) by xuxebiko@kbin.social to c/india@kbin.social
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Yes Bank takes 75% haircut on ₹6,500 Crores debt of BJP supported ex-RS MP & Zee media empire founder Subhash Chandra Goenka and reduces repayable debt to ₹1,500 Crores.

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[–] xuxebiko@kbin.social 1 points 2 years ago* (last edited 2 years ago)

Banks won't reduce ₹1 from a common person's outstanding loan, but those in Godimedia who have Modi-Shah's backing can get anything.

Yes bank's common man customers will foot his bill. "Na khaaonga, na khaane doonga" has to be Modi's biggest jumla.