"possible recovery values embedded in assets "The accounting takes of Recovery against depreciation every year in the profit and loss account.the management had already taken the worth due to it.The value embedded is all ----.The value is what is left after depreciation. Once I happened to be told by a C.A.the banks won't give Loan against these aged machines even though they are running.That running need be the perfect ,rightly productivity assuring running.R.Ponnambalam
"possible recovery values embedded in assets "The accounting takes of Recovery against depreciation every year in the profit and loss account.the management had already taken the worth due to it.The value embedded is all ----.The value is what is left after depreciation. Once I happened to be told by a C.A.the banks won't give Loan against these aged machines even though they are running.That running need be the perfect ,rightly productivity assuring running.R.Ponnambalam
The impairment crisis in domestic banks has also highlighted certain basic deficiencies with regard to the appraisal of long-term projects with a significant gestation time,” it said."The following was heard in a Steel Plant.Mr.Biju Patnaik came to the Plant.The Unions had told him that they wanted to review amn Power requirements.Ht an industrial man himself was said to have told'The Plant is running or working for twent years.You want to discuss man power requirement.'!!!The banks talk of basic Deficiencies after the so called Market Economy or Marketed Economy had been in practice for 30yrs.R.Ponnambalam
The impairment crisis in domestic banks has also highlighted certain basic deficiencies with regard to the appraisal of long-term projects with a significant gestation time,” it said."The following was heard in a Steel Plant.Mr.Biju Patnaik came to the Plant.The Unions had told him that they wanted to review amn Power requirements.Ht an industrial man himself was said to have told'The Plant is running or working for twent years.You want to discuss man power requirement.'!!!The banks talk of basic Deficiencies after the so called Market Economy or Marketed Economy had been in practice for 30yrs.R.Ponnambalam
"Banks are responsible for bad debt mess: RBI".But the bearing punishment payment for recap of these banks goes to and is borne by the common pitiable tax payer of India.So the bank is not held responsible for bad debt mess.It is just said to please the ears of the general public.R.Ponnambalam
"Banks are responsible for bad debt mess: RBI".But the bearing punishment payment for recap of these banks goes to and is borne by the common pitiable tax payer of India.So the bank is not held responsible for bad debt mess.It is just said to please the ears of the general public.R.Ponnambalam
"The impairment crisis in domestic banks has also highlighted certain basic deficiencies with regard to the appraisal of long-term projects with a significant gestation time,It is ”The impairment crisis in monitoring and Control Processes in banks.Even a pan shop fellow knows that when he runs a pan Shop he must have the Control,he should collect back the loan from customers .The banking Industry is proud to say that there exists Crisis resulting from the lack and failure that too even of indulgence but is not fair enough to accept it's failure.If mistake is not accepted Remedy is lost R.Ponnambalam
The plan is for a “reform and recap package” so that banks do not go back to their old habits.What Reform?Banks remain ill formed and deformed with their 15 lakh crorese unrecoverd loans and banks are not taking action to recover them and Banks SEEK AMNESTY FOR ALL THE MISTAKES THAT CAN HAPPEN AND THE COUNTRY"S OFFICIALDOM IS STILL KEEPING THEM IN THEIR JOB OF NOT DOING THE JOB.BANKS HAVE NOT COME TO THERE DESIGNATED FORMS.There is no question of "going back to old habits".No Banks have not come out of their old habits willingly, indulgently allowed by one and all upto the Finance Ministry.No ray of hope is seen.In North India they say "RAM BAROSE" It is like that R.Ponnambalam
"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
