How much Indian Economy hit by NPAs ? Who is responsible ? India stiil performed Outstandingly in last 09 years?

Dear Friends, It is my deep interest to carry out research that how huge amount of NPAs took place in Indian PSBs(Public Sector Banks) looking in to all the media reportings and to come out what is the volume of it and how much impact it did adversely on Indian Economy and who is responsible for the same purely in my opinion that is to assume going through media reports, news items, TV debates on the issue, listening to experts at confrences/summits/conclaves and articles written in news papers and economics magazines.

Lets see step by step with thread bare analysis of this subject.

Firstly, I would like to state that PSBs extended Corporate Loans in India between 1947 till 2008 for an amount nearly rupees 18 Lakh Crore only but about rupees 33.4 lakh crore between 2008 & Apr 2014 before Narendra Modi led government was formed in May 2014 during two UPA regimes led by Shri Manmohan Singh ji from Congress. So, such a stagering amount was given to the corporate by PSBs between 2008 and 2014 with out any accountability on the instructions from the top politicians of UPA Government led by Shri Manmohan Singh, as a Prime Minister of India who had been a student of Cambridge and Oxford in Economics and world renowned Economist who served as a Chief Economic Advisor to the PM of India, as Governor of RBI, Chairman of Planning Commission and UGC , A Member of Economic Advisory Committee to the PM, World Bank , taught at Cambridge and as Finance Minister before becoming PM of India twice in 2004 and in 2009, so, served for 10 years in whose time such a day light big bank loot took place. These loans by the PSBs to corporate were given one after another even to the serial defaulters by changing bank policies and doing it repeatedly with no forensic audits, no check of balance sheets, so, to call it as a Biggest Banks (PSBs) Day Light Loot and responsibility rest with the Prime Minister as he was heading the government and Finance Ministers and top most leaders of Congress. It is well known fact that he was a puppet in the hands of Sonia Gandhi ji who as Chairperson of UPA & Advisor, President-Congress had a complete control on allocation of such large amounts of loans to the corporate as per media reports and large chunck / part of these loans by these corporates went to the political leaders and their connected people as Biggest Ever Corruption as part of Biggest Scam in India took place between 2008 and 2014.

Who all are responsible the list starts from the Promoters those were given huge loans by the PSBs, CFOs of each, Auditors, Consultants, Independent Directors and Boards, Banks CMDs & Babus at connected ministeries & at RBI , The Governors of RBI and other officials, RBI Independent Directors those served on various Boards of these corporates, Law firms, top leadership of UPA, certainly the PM & Sonia Gandhi ji as per various articles in Social Media, Debates on TVs and articles in News Papers and CAG Report of that time & an article by Mr. Vinod Rai who was CAG.

NPAs were estimated nearly 12 lakh crore but in my estimates it touched nearly 15-16 lakh crores and its commulative effect as not generating any desired results or profits or productivity, no progress of projects and not paying any interest from the date of sanction of such loans till it was settled either through IBC with deep haircuts borne by the PSBs or large part written off in large amounts at such PSBs though a recovery procedure in place, amounts to nearly a total of rupees 25 lakh crore as an over all impact on Indian Economy or on tax payers, so, nearly USD 300 billion or more. Modi ji is calling these days it as a rupees 20 lakh crore scam or corruption by UPA in his speeches.The GoI led by Modi ji did save PSBs by writting off such loans to a substantial amount having a potent recovery instrument in place through ARCs & Bad Bank , settling them under IBC & made recoveries of rupees 2.5 lakh crores and infusing large funds to restore liquadity in PSBs in order to restore their credit appetite for extending loans to the poor, farmers, startups , corporate, MSMEs, and collateral free Mudra loans to small entrepreneurs so that India progress does not stop. What great & concerted efforts by Narendra Modi with a grand vision to save PSBs taking them out from such a big scam and from the adverse financial risks they were exposed to not only from this day light big banks loot but also from the other economic frauds caused by Vijaya Mallaya, Mehul Chowksi, Nirav Modi, Winsome Diamonds and Sandresas worth nearly 28,000 crores in UPA time though this amount has been nearly recovered by disposing of these fraudesters' assets by the ED, GoI.

It is also pertinent to mention that not only such a biggest scam that took place during this 10 years of 02 UPA regimes led by Shri Manmohan Singh ji and controlled by Sonia Gandhi ji but also other big scams such as 2G Scam of 02 lakh crore, Coal Scam of 1.76 lakh crores, Common Wealth Scam of 12000 crore, Air India Scam of 28000 crore,Antix Scam of 1600 crore, National Hearled Scam of 4000 crore, Pearl Land Scam of 76,000 crore,DLF Land allocation to Vadra & buy back Scam of 300 crore, Fake Currency scam of 05 lakh crore, so , a total of about 10 lakh crore other big scams took place during this time purely in my estimation, so, nearly USD 125 billion, still Modi ji steered India to become a 05th largest economy in 2022-23 moving from 10-11 place in 2014, doubling per capita income and GDP at USD 3.75 trillion from USD 2.06 Trillion during the same period.This is the biggest achievement of Narendra Modi led government in last 09 years along with Biggest Inclusive Development and Defence Preparedness & World Class Resilient Infrastructure Creation.

A grand salute to Narendra Modi ji , fiance ministers in his team and other government officials in his team of competent minsters, and 135 crore Indians with collective responsibility.