If I take loan from a bank and buy a same bank from the same loan, then I will not - Accountancy - Accounting for Partnership Basic Concepts

Question

If I take loan from a bank and buy a same bank from the same loan,
then I will not not have to give back the bank loan (as we are now
the new owner of that bank) Is it possible??

Mohit · Accepted Answer

Dear Student,

Its possible, but don't think that it will benefit you
How? lets see:
When you will take loan from bank, it will be out of Deposits of
public in the bank, which is liability of the bank
And when you will buy the bank, then it wll be your liability to
return the depositors back
So, you will not gain any think

And also as per RBI guidelines one can not take 100% stake in
Nationalised bank, And private banks are not sold until owner
wants

Regards

If I take loan from a bank and buy a same bank from the same loan, then I will not not have to give back the bank loan (as we are now the new owner of that bank). Is it possible??