In the previous government, loved ones used to get loans: PM Modi

Prime Minister Narendra Modi said, 9 years ago this phone banking was not for ordinary citizens like me and you. At that time, some powerful leaders close to a particular family used to call the bank and get their loved ones a loan of thousands of crores. This loan was never repaid. This phone banking scam was one of the biggest scams of the previous government. PM Modi further said, our banking sector also plays an important role in the expansion of the economy. Today India is one of those countries, where the banking sector is considered to be the strongest. But 9 years back this situation was not there. When the selfishness of power dominates the national interest, then what kind of waste happens, there are many examples in the country. Our banking sector has felt this destruction during the previous government.

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