Swift action is being taken against 12 biggest defaulters: PM Modi at launch of IPPB

Prime Minister Narendra Modi launches India Post Payments Bank (IPPB). IPPB will have 650 branches and 3250 Access Points across the country. All the 1.55 lakh Post Offices in the country will be linked to the IPPB system by December 31.
PM Narendra Modi at launch of India Post Payments Bank (IPPB), "Swift action is being taken against 12 biggest defaulters who were given loans before 2014. I want to assure the country that none of these big loans was given by our government."