If one doubts that his decisions will be or likely to be questioned by courts it indirectly suggests he acknowledges that the Court is a better decision maker. else he is not sure of proper decision making . It can be unwillingness to take right decision or lack of skills in decision making .Nowhere one would entrust somebody who is not confident enough to fulfill his responsibility to do that job.BANKS! You are a proud being so declaring!!!R.PONNAMBALAM
.” judiciary can easily raise questions on the resolution mechanism if it should go wrong?So the banks still want unquestionable working. In every field people take decisions;if failure is there they are held responsible for.People loose job first. How many people in banks have lost jobs for not taking prompt loan recovery action?What a ------ banking system?R.PONNAMBALAM
“Gross bad debt in --of end-December was about Rs 7 lakh crore.”The perpetrator pays is the dictum .The guilt in granting loans if any, the guilt in not taking prompt remedial actions are to be answered “.Adding other restructured assets, the stress rises easily up to Rs 10 lakh crore.. If one uses the word structure and write Restructured it becomes financial Engineering. Stress! who bears it.? Beyond the allowable stress the member breaks.Banks are supported , propped up for all their wrong deeds.What stress then ?” Those from large banks---, sound happy on seeing RBI taking the driver’s seat on recovery.”What a commentary on their inefficient or dishonest working (may be in bank parlance driving) that the central bank has said, once a bank agrees to a common resolution process, it cannot delay on implementing those decisions. This itself tells that the Banks have been lax in working and this statement has to explicitly said.A very bad commentary on bank by banks. “The entire mechanism was heading towards failure because of them,” said a senior with a large bank, who did not wish to be named”.The failure is that all the willingly did not address or choose to this eventuality and steps to be taken then .” Banks, earlier, had no single integrated view of the borrower”.Then what consortium decision!.It should have given as separate loans.” judiciary can easily raise questions on the resolu
