FOR OTHER BORROWERS THERE IS VERY HIGH LEVEL OF SCRUTINY TO ISSUE LOAN. HOWEVER FOR PEOPLE LIKE MALLYA ETC. LOANS WERE ISSUED WITHOUT ANY COLLATERAL MORTGAGE AND SUPPORT.
AS IS KARMA SO IS FRUIT OF ACTION!
GOVERNMENT SHOULD NEVER WIPE OUT BAD LOANS GIVEN BY BANKS OF THEIR BALANCE SHEET. THE BANKS SHOULD LIVE WITH THOSE BALANCE SHEETS.
Central Bureau of Investigation (CBI) and the Central Vigilance Commission (CVC) overviews are "unnecessary oversight" to those who had insight into Non Performing Assets Generation by not realizing the defaulted loans from the incoming payments to the defaulter but releasing that payment with full insight of matters. The Bank Asset is Public Money The Bank Loans are currency loans ,the currency holding the RBI Governors”I promise to Pay—--“Are there any Rules or any Authority to declare loans given in the form of Currency notes by the bank with RBI Governor’s seal as Non performing Currency or Non Performing Assets. R.PONNAMBALAM
agreed but fact remains that in every system good honest men required to implement it be it loan sanctioning authority,cbi,cvc office,were are those people?
