India – Banks’ Bankruptcy

March 14, 2023

India – Banks’ Bankruptcy

Padmini Arhant 

NB: The following message aptly fits plutocrats running the gamut in world stage. The loot and scoot culture is a revolving door returning to old habits not die hard instead declining death and contrarily revival to rip off average folks – the fair game and easy target for plutocracy and kleptocracy.

Indian politics run by plutocracy and kleptocracy need to look no further than pay attention to own house in disarray. 

Indian national bank viz. State Bank of India, Life Insurance Corporation of India… among large national banks and financial conglomerate serving specific corporate interests viz. Adani, Ambani, Tata  Vedanta groups and alike…granted free unlimited unfettered access to squander public savings, insurance and annuities held in the finance and insurance industry. 

The worst among government involved banks’ bankruptcy is the government aided fugitives syphoning public funds held in savings and deposits leading to major Indian banks such as the Punjab National Bank and similar ones nationwide shuttered shattering ordinary depositors trust and life earnings leaving them on the lurch with some even committing suicide from the trauma earlier in demonetization and thereafter in series of banks’ insolvency. 

Whatever is left in financial sector in India doubled down with leading corporate entity i.e. Adani groups rapid down slide in stock market with national impact considering New Delhi central government magnanimity handing the Adani companies ownership of national assets from airports to seaports, farmlands, mining areas…pretty much national landmass to one or two corporate empires since assuming office in 2014 until now.

The New Delhi national leadership legacy contributing to super wealthy status of Adani, Ambani and selective plutocrats are hardly a matter of pride rather treasonous to the nation and citizens at large. 

Accordingly, shunning own reflection cannot make the mirror show image other than the one in it. 

Getting own house in order prior to wanton indulgence to shame anyone in nuanced nonsensical charade is the least expectation from those who are in no position to engage in mud-slinging using any pretext. 

Indian politics and their recruits IT sleeper cells on social media – realization in this regard is important.

The crony sycophant political punditry on New Delhi payroll fromTamil Nadu in particular is reminded on propaganda claiming any well substantiated factual information on debilitating Indian affairs viz. political, economic, social and environment status presented in this site and sub-domain an attempt to derail New Delhi national leadership is nothing more than evading accountability on abysmal performance in the past nine years only worsening as time goes by.

Above all, the political punditry in Tamil Nadu introducing self as Senior journalist is further enlightened on the national leadership current situation.

Anyone lying flat on their face shrouded in doom and gloom require no external interference in the self-chartered precipitous fall accompanied by sycophant punditry and servile contingency landing in bottomless pit.

Padmini Arhant

Written by Padmini Arhant · Filed Under Business, Featured, Indian Sub-Continent 

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