All posts in Bank Loan Scandals in India : Famous & Latest Quotes – News – Statements

We should have reformed the banking sector in 1992. This (Nirav Modi scam) would not have taken place if we had carried out the reforms then. But we have woken up now, we are doing a good job. One of them is demonetisation, other is the GST and third one is bankruptcy code

Ashish Chauhan (Indian Business Executive and Administrator)

But when there is a wilful and criminal default on a bank loan, then it is families of our fellows Indians that suffer.

Ram Nath Kovind

The husband wife duo of Deepak Kochhar & Chanda Kochhar have cheated the public thousands of crores and in-spite of their massive clout, it will be in fitness of things to register FIR against Deepak & Chanda Kochhar and subject them to custodial interrogation 

Udit Raj

I've gone through the complaint of ArvindGupta, which clearly shows the misuse of power authority by Chanda Kochhar in criminal conspiracy with Deepak Kochhar & Venugopal Dhoot squandered public money through fake loans running into thousands of crores. 

Udit Raj

So worst is behind us. Everything now seems to be under control as surgery is over, now we are in recovery phase. We are anticipating that we will be able to come out of this entire problem and pain in the next 6 months

Sunil Mehta (Banking Professional - PNB)

Fraud of this nature could not shake confidence of our customers during this period.

Sunil Mehta (Banking Professional - PNB)

The lawyers will decide. We are in the process. We will file a suit for recovery. All the banks involved in the consortium will file a suit collectively for recovery.

Sunil Mehta (Banking Professional - PNB)

It's a tough time to be a banker. Of course because the customer demands and regulatory pressures are going up. So it’s tough time for bankers and I subscribe to his views. 

Sunil Mehta (Banking Professional - PNB)

Tough times also give you opportunity to transform the bank and we are going to utilise it to transform the bank.

Sunil Mehta (Banking Professional - PNB)

They have gone the extra mile, they have done extra hard work to see that every customer is attended to properly. Now, we are in the bounce-back mode

Sunil Mehta (Banking Professional - PNB)

ICICI Bank has already clarified that I have not been given any favour as I have not received a loan from ICICI [Bank] alone — Videocon Industries took loans from a consortium led by the State Bank of India. This was done after a high degree of credit appraisal by the bankers as they found Videocon to be a very lucrative investment because of its oil assets. 

Venugopal Dhoot

My name doesn’t feature in this 91 defaulters’ list. It only has the names of wilful defaulters and I am not among wilful defaulters.

Venugopal Dhoot

Our transaction is very clear and I have not done anything wrong, and will not do anything wrong...We have not invested any money in any company floated by Deepak Kochhar. 

Venugopal Dhoot

They gave loan to Videocon, a company which is in loss of more than Rs 40,000 cr & almost bankrupt. Deepak Kochhar, Chanda Kochhar's husband, is one of the shareholder in Nupower Renewables & thus,an indirect beneficiary of the loan granted to Videocon

Arvind Gupta (Whistleblower)

I reached out to the Prime Minister’s Office, the Securities and Exchange Board of India, the Central Vigilance Commission, the Central Bureau of Investigation, the Serious Fraud Investigation Office, and the Finance Minister’s office. Absolutely no one responded. No reaction whatsoever. I don’t blame them. This has been the culture of governance for the past 30 years.

Arvind Gupta (Whistleblower)

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