An NPA resolution plan for ever my one year old post shared
Creating a Bad Bank is treating symptoms of NPA. Instead prepare a list of bad bankers.both present and past. Investigate their top sanctions also find out who promoted them after their sanction fiasco. And fix the responsibility for recovery in time bound manner or attach their personal property for recovery. It is not only credit department heads the HRD heads also to be held responsible for discouraging talent and promoting manipulators. This will lead to orderly growth of banking as well as curtail future NPA. Till now all efforts to curtail NPA have given bankers an opportunity to continue creation of NPA through new means. If they don't fear to take wrong decisions. Why we assume they will fear to take right decisions. Protecting them for their wrong decisions so far is the reason for NPA. Hope at least now the authorities will do surgical attack on bad bankers than creating bad bank. more
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The new bankruptcy act is framed only to protect the corrupt corporates and bankers by closing the chapter of each NPA. Why do companies need to borrow from PSB and make purchases of equipment through Mauritius companies? All Mauritius transactions are money laundering activities. more
Apr 08
Banking officials help them to make their loan as NPA. Small entrepreneur/Farmers are forced to repay their loan, Why not for big loans. more
Apr 03
Forget the obvious, of-course we don't have time to spare for these. Blames will continue to fall on a single branch and the field staff(officers). Earlier everything was kept under control the NPA norms were same and the procedures to control were also same. Then how could there be a sudden gushing (of NPA accounts) out like a burst pipeline. So many within a few months. Nobody bothers and the public have a poor memory; everything will go under the carpet and then go into the drain. Till then there will be a lot of blame game. We can only watch. more
Mar 31
The height of the episode is that the culprits are encouraged and not hesitate for wrong doing repeatedly. Pl. OBSERVE: THIS IS OF ONE YEAR ONLY. The domestic banking sector reported 12,533 frauds, aggregating to ₹18,170 crore in FY17 Bank of Maharashtra reported the highest number of frauds (3,893), followed by ICICI Bank (3,359) and HDFC Bank (2,319). In terms of quantum, PNB (₹2810 crore) Bank of India (₹2770 crore) and SBI (₹2420 crore) fared the worst. WHERE IS THE MONEY GONE AND WHY NOT RECOVERED. more
Mar 30
It is clear that without the very involvements of the Banking Officials it will not possible, whereas those involved are scotfree, got promoted along with the booty thereof and simply retired and enjoying the lavish lifestyle. Whereas the Owners of these public funds i.e. the Public is suffering every day more
Mar 30
