Mr. Modi, fresh from his " game-changing"  demonetization disaster, recently ordered banks to loan money for low-income housing at 4% below the market rate. Simultaneously, he ordered banks to pay 8% on deposits made by senior citizens. Indian banks, already strapped with over Rs. 11 crores of bad loans, are in for a real rough ride. As always government intervention in matters of commerce will end very badly for the banking sector.