Is Rajan the Super Man India's economy is looking for? Hope our PM Mr.MODI will give him another three years and extend his stay as RBI governer. If not now then never.
Is Rajan the Super Man India's economy is looking for? Hope our PM Mr.MODI will give him another three years and extend his stay as RBI governer. If not now then never.
RBI Guv's speech and it's implementation is on right track. More freedom to PSU Bank Management's and lesser interference from Political Bosses is the added way of cleaning up and bringing a good turnaround for the better health of the PSU Banks
RBI Guv's speech and it's implementation is on right track. More freedom to PSU Bank Management's and lesser interference from Political Bosses is the added way of cleaning up and bringing a good turnaround for the better health of the PSU Banks
It is time the 'Banking Regulation' act is amended for attaching properties of loan defaulters / guarantors / and officials who sanctioned loans without due diligence and under political pressure. The name of all defaulters together with their photograph & PAN number must be flashed in all news papers to ensure that they can't seek any loan in future. Restructuring of loans should be handled by independent auditors reporting to RBI directly, and the lender should get equity stake with participating rights in affairs of companies. Strict implementation of all laws must be ensured by judiciary & all defaulters cased should be dealt in 'Fast Track' courts. Political parties should stop patronizing buisnessmen [Vijay Mallya is best example]
Why clean up? Was there a cover up happening on bad loans? After clean up are you going to repeat this? So indian banking is clean up, refinancing, cover up, clean up, refinancing, cover up, clean up, refinancing, cover up, clean up ??????????????
