Yes Bank - Corporate Kickbacks

Kickbacks, the ugly lesser reported truth of white collar crime in Indian wholesale banking. If anything all of this makes more sense when I recall a conversation with someone who was puzzled why Rana Kapoor himself signs the final approval for even small corporate loans...

Rana Kapoor was Mr. 8% seems like. Question is why no one blew the lid for 10 years. more  

View all 19 comments Below 19 comments
Why blame private sector banks? Did we forget scams in PSU Banks - Indian Bank (1992- Rs.13 billion ), Bank of Baroda, South Africa(2017 - Rs. 402 billion), etc. etc. more  
Such type of offences should be treated as financial terrorism and defaulters should be dealt like terrorists,as Terrorists kill the citizens and such people kill the Citizens economically, mentally & bodily. more  
Not surprising for all parties in the parliament have done away with the old Prevention of Corruption Act & has bought in a new Prevention of Corruption Act that appears to be a legislation leaning in favour of the Corrupt. Further as I understand all political parties in the parliament have steadfastly refused show their source of funding including foreign funding! God save India. more  
As regards corruption in banking system, it must be remembered that it is run by our very own people, who are either honest or dishonest as us. Yes bank is a private bank founded by a closely held group of people with overriding authority to one man/ family (?). So long as the unit is performing well, nobody looks at it let alone closely. The euphoria of good performance losts a few more years after that. Till then, none will even look at it let alone suspiciously. It takes a few more years, more or less depending on the social contacts of people heading the unit for it to be looked at suspiciously. Unless, some one is a financial wizard, which most people are not (they are only qualified finance professionals), it is well nigh impossible for assessing the damage to unit based on periodic audit reports and balance sheets. After that a couple of years go by window dressing with hope that the unit will recover. This is exactly what happened in Yes bank case and it is not any way a puzzle. more  
The top regulators have severely failed to notice the deteriorating standard of the bank. more  
Post a Comment

Related Posts

    • How your State Government might work?

      Attached case study is from Karnataka and demonstrates how the Government procures everything at a much higher prices than market rates. There are 2 causes for this: 1) Inefficiency: Pay...

      By Shirisha Kumar
    • Police Corruption How it works - IG Ujjain 2016 shows

      Now he is transport commissioner bhopal. With such greedy officials in police no wonder cost of doing business is not reducing in India. This is the story across india. Auction for thana...

      By Rajeev Shukla
    • Bribery hitting peak during COVID-18

      Bribes are back friends and organisations like Transparency International are not doing much. Bribes being taken openly from migrants who already have tokens for train and bus travel. P...

      By Ajay Kumar
    • Why Govt bodies need intermediaries?

      Wondfo, a Chinese company accused of supplying 'faulty' rapid testing kits to ICMR, manufactures it for $3 (Rs 225) a unit. Somehow, instead of procuring them directly from Wondfo, ICMR has engaged...

      By Vinita Agrawal
    • Alerting Administrators

      When demand is more than supply corruption creeps in. Talking to 4 vendors in past 2 days, I get a strong sense that fruit veggie vendors are paying bribes to police and have built that in the pric...

      By Sudesh Rai
    • Truck bribes

      Gujarat is the cleanest state with minimum bribes. MP border charges Rs1500/- per truck for entry and likewise for exit. Its daylight robbery. Multiple complaints have fallen on deaf ears. Its like...

      By Amit Gupta
    • 48000 crores paid in bribe by truck drivers

      All these corrupt transport departments Are Still making money if we believe this survey. This is ridiculous. Will the CM of BJP states like Haryana UP Gujarat Karnataka answer???

      By Rohit Jain
    • Good Budget announcement on Citizen Charter for Tax payers

      This was a good move announced by FM. Can we please share our inputs via this circle as the subject has been extensively discussed. The feedback for what should be in charter of citizens should com...

      By Reeta Kumar
    • Shared this from Transforming India

      Every member of the circle please vote on this poll. The Govt needs to know whether or not NRC will cause corruption problems.

      By Naina Mittal
    • corruption in bocw deptt.

      there is rampant corruption in every state to issue labour licenses as well as permit under bocw as well as migrant workers license.the fee is fixed per person;even though the procedure is to apply...

      By Suresh Dasarathy
Enter your email & mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

Please select a Circle that you want people to invite to.
Invite to
(Maximum 500 email ids allowed.)