"Banks are responsible for bad debt mess: RBI"So RBI and the Finance Ministry are responsible for NOT bringing out the growth and growing up of Bad Debt mess(it is bad- debt national waste )in PUBLIC EVERY YEAR and Not taking remedial actions on this.At least every five years whenever a new Govt. takes over a statues paper should have been made out by RBI.If that had not been done ,RBI is complicit and the finance ministry is complicit.The Poor Public is well fooled to continue to grow poorer.R.PONNAMBALAM
Banks are responsible for bad debt mess: RBI.Then why is the recapitalization from Tax payer money.The bad mess created and continued to be retained is fed by tax payers money in the form of recap.Then what is that big word responsible mean?R.Ponnambalam
"was not effective owing to valuation issues,"It can be valued low as against actual high value or valued high as against actual low value or must be valued correctly.If valued correctly there should be any problem,If there is a valuation problem is it telling that there is lax valuation standard like what the write up tells as"lax project appraisal standards,and "basic deficiencies with regard to the valuation as the write up tells about basic deficiencies with regard to the appraisal of long-term projects "R.PONNAMBALAM
"tackle the issue and repair their balance sheets,"It would be good and trust worthy if the ways of tackling and means of repair are said R.PONNAMBALAM
"Such a mechanism also points to the possible recovery values embedded in assets of similar ageing profiles"possible, not assured recovery values,embedded, Not extractable, ageing, How old ageing, aged enough to have no recovery value.Let us be up front not hide behind good words of no value R.PONNAMBALAM
"structural factors at work, which make the PSBs particularly vulnerable.”The job is to make structure to let work happen.If we do not have such one we have WRONG FACTORS.DISMANTLE THEM.A light hearted statment about a City in 1973-74 was this."A foreign team was commissioned to study a city to rebuild the city.The foreign team studied and reported "Leave the city as it is and smash the people bring a new set of people "There is no alternative to honest working.This write up tells that it is not there in banksR.PONNAMBALAM
"so that banks do not go back to their old habits"This is the faith the country can have on the banking system.But what are those habits.We can not depend on integrity in banking system , but keep designing ways to prevent the banks from going back to old habits.DISHONESTY RULES IS WHAT THIS WRITE UP TELLS.R.PONNAMBALAM
“reform and recap package”For 30 years we have done No Reform to recover bank loans;just waste time.We talk Reform Reform .Better Reform the REFORM .ALL TALL TALKS .Was there no % like what once was reported as 10% about a important man in one neighboring country,We write and speak as though we are very corruption free.If the loan is not paid back in time what prevented the Banks from recovering the loan amount from incoming cheques to the company without releasing it to the company?.What was RBI doing?How many banks had sanctioned additional loans when there had been default in repayment of the loan first released.Check all these take actions on all those who did all these intentionally R.Ponnambalam
