Minimizing NPA Risk: Inputs Sought

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News item More than 100000 crores deposited in Banks without PAN card during the demonitisation period A pathetic condition of the Bank Rules are for whom If this be the situation, NPAS will rise like rocket On Wed, Feb 22, 2017 at 2:39 AM, M Rao S wrote: > more  

The creation of huge NPAs is practically a joint venture of Bankers, Loanees and politicians. They are fully authorised to loot public money with no accountability. The loans taken by unscrcpulous entities is syphoned off systematically and distributed amongst the 3 stake holders through various means. No body fears the law. The Courts/DRTs had joined joined hands in this loot by selling stay orders, bails and unlimited adjournments to allow the defaulters to suck the left over loan amount and them declare the company sick/un-viable. The promoters are living like kings but the companies are deadly sick. There is no accountability/punishment for any wrong doing in this corrupt country. more  

Its very ridiculous in our country that top concerned people do not go to find why NPA grows. Their are few important reasons which I feel as jotted below. 1. Rather Bankers try to frighten the Customer other than giving solutions,which increases the NPA. When a loan is given it is assumed by the bank that the loan customer is brilliant (Like Einstein) and knows everything and if he makes any mistake that is like committing a blunder and that customer should be punished. Its a non-democratic approach. 2. A private banker with no government holdings have been given the permission to change the CIBIL score of a customer and destroy a customer credibility in market by judging his own loan default rule, why not a customer been given a chance to give a score a banker in a national portal like CIBIL? And if these been considered/ looked into then NPA will not grow and peoples do not have to work hard to bring down the NPA, and a healthy and productive business environment can be maintained across the country. This are my personal views and I I am in any mistake then please let me know. I am PROUD to be INDIAN. Find Solutions and not Blame others and contribute INDIA. Regards more  

Press Information Bureau, Ministry of Finance Dt 15-12-2015 Rules regarding quoting of PAN for specified transactions amended W E F 01-01-2016 Key changes to Rule 114 B of INCOME TAX Sl No 6--Opening an account other than time deposit with a Banking co MANDATORY quoting of PAN for all New Accounts Except Basic Savings Account -Coop banks also to comply EVEN AFTER A LAPSE OF13 MONTHS FROM THE DATE OF DIRECTION FROM THE FINANCE MINISTRY HOW MANY BANKS COMPLIED WITH IT ???. IF THIS BE THE COMPLIANCE LEVEL,BETTER NOT TO THINK NPAS THAT IS BETTER. On Tue, Feb 21, 2017 at 10:24 PM, Narayanan p wrote: > NPA s are due to reckless loans sanctioned by the bank officials > /unethical auditors/chartered accounts without accountability > Even computer check flags are tampered by the officials to show less npas > Loans are restructured only to postpone npa dates for personal benefits > (for promotion/incentives) > Whether Loans restrucured last year has reported in subsequent quarters to > be looked into if yes officials should be > given memorable punishment. > All restructured loans from 2014 for which loans were disbused in earlier > yarears are now adding numbers to NPAs---they > were hidden from the figures to show rosy picutre of the bank. To be > looked into and severe action to be taken. > > > > > > > On Tue, Feb 21, 2017 at 1:21 PM, LocalCircles Manager < > support@localcirclesmail.com> wrote: > >> more