Modi government is handing over the keys to thieves.

It is a matter of great concern that Lakshmi Vilas Bank, a 94 year old Tamil Nadu based private sector bank, has collapsed. For 90 years, this bank had been making profits. However, in the last 4 years, it went into a big crisis. The reason is the big loans taken by corporates like Jet Airways, Reliance Housing Finance, Nirav Modi Group, Cox and Kings, Religare, etc. These loans were not repaid. The government also did not take steps to these sharks to repay the loans. As a result, the Lakshmi Vilas Bank collapsed. This is a clear case of corporates looting people’s money. When this being the case, the Modi government has taken a decision to allow the corporates themselves to start banks. This is nothing but handing over the keys to the thieves.