Re: It is not the economy.
by chanakya maurya on Aug 23, 2013 04:59 PM
There is a very thin line between the lack of scruples and plentiful of collusion. In Bharatvarsh the latter seems to be in vogue.
A simple look at the NPAs of the Public Sector Banks and the NPAs of the Private Banks gives the game away....a Gap of more than 200 percent. While even a child knows that even the Private Banks have soft corners for their 'darling' debtors and inspite of it all the Government banks NPAs are more than Double simply because they lend to KING-Fishers and not to the small fishers!
Who can escape from the blame for this type of situation in our country. Govt-for not having the foresight to take steps for strengthening the economy. Reserve Bank for formulating one sided policies and then not taking enough of steps to enforce notifications issued for the guidence of the banks for helping the borrowers to continue with their activity of production, the banks for not implementing the guidelines to contain the NPA which is increasing at such a high speed and then acting as Sahukars and property dealers to sell the properties of the poor borrowers who have viable units to run but will not be allowed for personal gain by the bank officials no fear of any action, the big borrowers who have cornered the bulk of the bank finances and have plenty of approach with the Govt, The small borrowers who have learnt the art of cheating the banks. It is high time each one of us realise our responsibility. kkm
