Not Rs 2.50 lakh crore! Arun Jaitley reveals this shocking big number!
Addressing a press conference in New Delhi, Arun Jaitley said the bank lending before 2008 was Rs 18 lakh crore, and it jumped to Rs 55 lakh crore between 2008 and 2014. He said the nature of lending was as if there would be no tomorrow, adding that the real picture was known by the government as well as RBI after 2015.
Finance Minister Arun Jaitley today said the real picture of Non Performing Assets (NPAs) crisis in banks was actually revealed only in 2015. Image source: Reuters