The government is helping Ambani though why such a big debt Currently, there is a significant increase in the NPAs of banks by the country's largest businessmen. After which the country's renowned businessman Anil Ambani's company has been declared a Non Performing Asset (NPA).
Anil Ambani's company is left to pay 9,000 crores of banks. NPA banks have a loan that has no hope of recovery. This includes 90% of businessmen. Most of the businessmen declare their debtor or bankruptcies after a loan from the bank and their loans are transferred to the NPA. This is a loan that Vijay Mallya and Mr Narendra Modi have left the country without paying. Public sector Vijaya Bank has declared NPAs in Anil Ambani's Reliance Naval and Engineering loan account in March. Earlier this company was named Pipavav Defense Offshore Engineering. Anil Ambani Group took the company in 2016 and it was named Reliance Defense and Engineering. The company took loans of Rs 9000 crore from banks having a connection with IDBI Bank. Most of these rupees are governmental. Although there is such a large number of NPAs from banks against Reliance, the government is not being prosecuted even though this is the biggest burden on banks. When the government Anil Ambani's company is giving big contracts. It is alleged that the central government is helping the debtor Anil Ambani. Hopefully, we can hope that steps can be taken in the coming days. click here
