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Top 20 defaulters: How a few borrowers pushed Baghat Bank to collapse
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Top 20 defaulters: How a few borrowers pushed Baghat Bank to collapse
Together they account for more than half of bank’s total ₹129 crore NPA Sourabh SoodShimla The deeper this investigation goes, the clearer it becomes that the Baghat Urban Cooperative Bank in Himachal Pradesh did not collapse because of hundreds of small borrowers. The real damage was done by a small group of just 20 big borrowers who together hold more than half of the bank’s total NPA of ₹129 crore. Their names cannot be revealed yet due to le…
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