NPAs, Overdues are the result of eased Credit Practice
Yes. Sri Raghuram Rajan also concluded, reported that :- [1] NPAs were started during 2006 – 08 since the timely completion of power like Infra projects , Self sustainty in Economic Status were preferred by Banks in lending liberally on major projects and ventures .
[2] Banks also neglected self assessment of the project Estimates, Reports and did not observe/analyse the reasonable Investment of the Promoters while extending abnormal Loans . Banks also extended free hand in lending Such.
[3] Assumed that Corruption is also to some extent resulted in NPAs.
[4] These 3 cannot be individually set for the reasons of NPAs. But, it is obvious, the Banks acted on high Self-confidence and also did not Scrutinize the Technical and Commercial Project Reports of the Companies. For this, BANKS WERE RELAYED ON ‘ SBI Caps ; IDBI Bank and like opting Outsourcing ‘ . And, this is Dilution where by chances and means of influence and self interest of other’s gets increased.
[5] Cases where Frauds were identified though less than NPAs, Volume of cheating had been increasing due to NON COORDINATION between Banks and Vigilance Wings and said that he had initiated a Monitoring Cell while also forwarded a list of High Profile Cases to PMO .
[6] Sri Raghuram Rajan also said that he do not know whether there is any working on this Report/List AND SAID THAT THERE IS FAST NEED TO LOOK INTO TO ACT.
He also said that though RBI nominee’s existence in all PSBs, they will have no experience on the matters, issues, systems of Lending Business Loans .
ON THE WHOLE, the above reveal that there had been a willful set aside of requisite Duty on the side of Lending Banks ; on the side of the Promoter’s investment Bank ; AND, MAINLY THE WILLFUL NEGLECT BY THE GOVERNMENTS .
These three are individually responsible for the VOLUME OF FRAUDS TAKEN PLACE, IDENTIFIED ; AND ; THE ISSUES OF NPAs already identified and , those still in Deep Freeze .
[7] Sri Raghuram Rajan suggested : A. To improve Governing responsibility in PSBs .
B. Improve Self Scrutiny of project proposals and periodical Analysis of conduct of Accounts,
C. To be vigilant on the Loan Repayments and dues of installments
D. To keep Public Sector Banks away from Government
E. Strengthen Loan Recovery Process and practice etc., are to be ever Monitored. more
[2] Banks also neglected self assessment of the project Estimates, Reports and did not observe/analyse the reasonable Investment of the Promoters while extending abnormal Loans . Banks also extended free hand in lending Such.
[3] Assumed that Corruption is also to some extent resulted in NPAs.
[4] These 3 cannot be individually set for the reasons of NPAs. But, it is obvious, the Banks acted on high Self-confidence and also did not Scrutinize the Technical and Commercial Project Reports of the Companies. For this, BANKS WERE RELAYED ON ‘ SBI Caps ; IDBI Bank and like opting Outsourcing ‘ . And, this is Dilution where by chances and means of influence and self interest of other’s gets increased.
[5] Cases where Frauds were identified though less than NPAs, Volume of cheating had been increasing due to NON COORDINATION between Banks and Vigilance Wings and said that he had initiated a Monitoring Cell while also forwarded a list of High Profile Cases to PMO .
[6] Sri Raghuram Rajan also said that he do not know whether there is any working on this Report/List AND SAID THAT THERE IS FAST NEED TO LOOK INTO TO ACT.
He also said that though RBI nominee’s existence in all PSBs, they will have no experience on the matters, issues, systems of Lending Business Loans .
ON THE WHOLE, the above reveal that there had been a willful set aside of requisite Duty on the side of Lending Banks ; on the side of the Promoter’s investment Bank ; AND, MAINLY THE WILLFUL NEGLECT BY THE GOVERNMENTS .
These three are individually responsible for the VOLUME OF FRAUDS TAKEN PLACE, IDENTIFIED ; AND ; THE ISSUES OF NPAs already identified and , those still in Deep Freeze .
[7] Sri Raghuram Rajan suggested : A. To improve Governing responsibility in PSBs .
B. Improve Self Scrutiny of project proposals and periodical Analysis of conduct of Accounts,
C. To be vigilant on the Loan Repayments and dues of installments
D. To keep Public Sector Banks away from Government
E. Strengthen Loan Recovery Process and practice etc., are to be ever Monitored. more
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