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Question: Why banks are going after small loan defaulters while bigger defaulters are going scot free?

Answer: Rising NPA hurts the overall financial health of the banks. RBI has instructed banks to clear their rising loan defaults and as a result banks have become strict on all loan defaulters big or small.

If a debt recovery case is being considered in a DRT and there are other legal proceedings in various other courts, there are enough legal loopholes with no clear roadmap for such complicated cases. Since most big defaulters have court cases against various banks and other lenders it may appear banks are not going as hard on them.

Rising NPA hurts the overall financial health of the banks. RBI has instructed banks to clear their rising loan defaults and as a result banks have become strict on all loan defaulters big or small.

If a debt recovery case is being considered in a DRT and there are other legal proceedings in various other courts, there are enough legal loopholes with no clear roadmap for such complicated cases. Since most big defaulters have court cases against various banks and other lenders it may appear banks are not going as hard on them. Source: CoolInterview.com

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