PNB scam: Why do we not talk about the whopping bank loan defaults?

It's high time CFOs pull their socks and perform fearlessly

The fraud at Punjab National Bank (PNB) has aroused a lot of indignation and angst. The amount in question is Rs 130 billion, a measly sum compared to banks’ non-performing assets (NPAs) of Rs 8.5 trillion. Of the NPAs, the top 12 stressed assets account for Rs 2.5 trillion while 488 defaulting companies make up the rest.
 
Then, why are these loan-defaulting companies’ promoters not being called fraudsters? In our eyes, these are shown simply as loan defaults or NPAs. In the PNB case, everyone—from the government to the Reserve Bank of India (RBI) to the PNB management—is indulging