Banks Waive Rs.5,700 Crore Loans of T. Subbirami Reddy’s Firm
Article Today, Hyderabad:A consortium of banks has written off loans worth Rs.5,700 crore taken by Gayatri Projects, a company owned by Congress leader and film producer T. Subbirami Reddy’s family. The move has drawn widespread criticism as an example of political clout in the banking sector. Massive Debt SettlementGayatri Projects had borrowed over Rs.8,100 crore…