Govt intervention needed
The PNB fraud has already affected trade financing. No bank is now prepared to extend letters of understanding (LoUs). The ability of a company to raise money through LoUs from abroad has been affected badly.
Please look into this Government officials. Dont bring trade to a halt because of PSU banks poor internal controls. more
Please look into this Government officials. Dont bring trade to a halt because of PSU banks poor internal controls. more
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It is nice to be cautious than careless,officials are always there who know the rules but they bend them once they overrule their own conscience for easy money.Thus you will find them taking extra precaution and in that case they have stopped working or doing their dutiful duty.Please approach their seniors if finding difficulty,your matters will be solved immediately. more
Mar 06
Need of the hour, besides finding who were responsible, is, as a first step, to concentrate on how to fix the leaks in the pipes. Seek solutions to prevent similar damage in the future.....Those found guilty can be punished at any time. more
Mar 06
Why can not we announce instant gratification to small entrepreneur for small progress made. more
Mar 06
This is the result of the last 5 decades of culture: Just do a knee-jerk reaction in which a lot of honest people get severely because of a criminal act done by a few crooks. The system has to be changed else we will continue to gloss over only. more
Mar 05
Company has to update audited Balance sheet with assets and liabilities to Bank for their scrutiny. Another issue is that the same company borrows from different banks and it is advisable to have a single agency for all loans to one company after scrutiny of their performance. The financial risk to be insured also more
Mar 05
