infusing capital to address NPA's
I ask the concerned govt authorities and RBI what is the rule of sanctioning of loan and recovery of the same to big industrial houses/big corporates, is it not without against collateral security/backup and how chairman of the such bank responsible to curb NPA's, as mentioned recent post of Atul Jauhari and most of members it is of the opinion that without colluding of big heads of these banks with corporates/politicains diverting their funds/loans to other means from the main purpose of sanction the said loans will not become NPA's if utlised properly but in reality it is not the case, and surprise fact is though corporate house become bankrupt but head of such corporate say MD/Chairman/Direcotrs never become poor or other way become rich year after rich and their personal wealth growth each year !! and poor working employees suffer (best eg Mallya's case) and govt still not able to bring him here and he is safely hiding in other place !! more
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There are no reasons to doubt the credentials of the senior officers/executives for sanctioning loans to the big houses/corporate houses. Loans are sanctioned as per laid down norms after completion of all the required formalities and ensuring the reputation of the applicant. However, in every cases there may not be cent percent backed up/collaterally secured but this is done only if the laid down instructions allow to do so. Default occurs either on incurring continuous losses in the activities or the integrity of the borrowers is shifted from honesty to dishonesty out of greed and funds are diverted. Therefore, accusing the bank officials for each and every bad loan and NPAs is unjustified. If the funds received from the customers as deposits are not deployed on profitable lines the banks won't be able even to pay interest thereon to the depositors. Hence, granting loans is the one of the main activity of a commercial bank and on the plea of NPA bankers are not permitted to stop loaning. more
Nov 09
It is a known fact that loans are given based on your clout with politicians and nexus with bank officials. more
Nov 12
From where these industrialists get rich and construct huge buildings as their residences, aircrafts and so on. It is only our hard earned money paid to government as taxes. They are all cheats. Why our exports get stumbled as we do not keep quality n standard. We show some and the next supply is never the same. The industrialists take out their money in the purchase of the equipment in the shape of over invoicing. What is this it is corruption. The non performing assets are the same. The company after few years is made to loose and the industrialist further takes out his money and the loan is not returned to the banks in connivance with bank officials. The loan becomes NPA. The industrialist goes out Scot free. GOD BLESS INDIA THE SO CALLED BHARAT. OUR POLITICIAN ARE THE SAME ONLE THE LABLE IS DIFFERENT. THEY GO ON BLAMING EACH OTHER INSTEAD OF PERFORMING IN THE GOVERNANCE OF THE GOVERNMENT THEY CONTINUE THEIR BLAME GAME N GOES OUT. more
Oct 27
The day the names of the concerned bank officials who had sanctioned loans to wilful defaulters are made accountable, this malaise is likely to subside. Also the names of the defaulters should be made public after duly warning them. The only option left is social ostracisation. Most defaults are with the connivance of bank officials and unless this is corrected, nothing will improve. Col (Dr) A P Gupta (Retd) more
Oct 27
It's all MILI BHAGAT. From the time Banks have been nationalized it has remained the cash cow for the powerful and public funds have been siphoned away under different pretexts. The same is applicable for all PSUs both State & Centre for the sole purpose of looting and the practice still goes unabated till date and likely to continue in future till Govt. pulls out of all commercial activities in totality and that should be the slogan for development in future. Suggest everyone to visit my FB page Community Centre for some fresh ideas that can really save this country from further chaos and ruin. more
Oct 26
These are measures to rob small investors and tax-payers to fill the coffers of cheats in the robe of industrialists and businessmen. Hon'ble(ex.) Mr. Vijay Mallya also had raised a question outstanding amount from him is only a small fraction of the total NPA in the Indian Banking! there is a saying in Bengali language ' while all birds eat fish, why the kingfisher is only blamed as a fish eater! Let us not go into hair hair-splitting between a fish-eater and fish-hunter, but confine ourselves within the boundary of helpless tax-payers and depositors, and admire the pomp and gorgeousness of businessmen and industrialists. After we all exist, because GDP of our nation depends on their work! I think there is no need for legislation to allow euthanasia (allow to die or kill. terminally ill individuals) for Public Sector Banks, all life support systems need be totally withdrawn. more
Oct 26
I was in Govt. of India Service - quite a Sr. position, suffice to say my pension after max amount of permissible savings fall in 20% or 30% Income Tax slab. I had been vociferous about all evils in much sharper or harsher ways from the 1st day to last day - spanning over 3 decades.
I Quote here respected Mr. T.N. Sheshan - Ironman of administration has been reduced to Strawman. more
I Quote here respected Mr. T.N. Sheshan - Ironman of administration has been reduced to Strawman. more
Oct 26
Sorry, nobody is listening. Take care or there may be some raid on some pretext or other. more
Oct 26
