"What are the bank chairmen waiting for" They have always been waiting for building up the unrecovered loan mountain all along making it reach 8 lakh crores.Habits die hard. They are waiting so that India waits to become " the elusive developed" country ."RBI's Prompt Corrective Action (PCA)? PROMPT?"If RBI had been prompt in action in the past why 8lakh crores unrecovered loan.Pakistan's Gen.Bajwa is concerned that Pak.'s foreign debt is 3.7 lakh crores.We are Braver still.Our RBI had never got itself concerned with when our unrecovered loan was 3.7 lakh crores. Why to revamp banks when the bank Chairmen play wait gameR.PONNAMBALAM
Re: Brave not Prompt
by R ponnabalam on Nov 27, 2017 10:15 PM
Control is measuring the deviation,Correcting it before it reaches a stage of non correction or correction not possible stage and has to be abandoned,That is what happens to spacecrafts.By waiting these Financial spacecrafts can also be abandoned.R.PONNAMBALAM
If loss making Public sector industries were not revamped why to revamp banks..What is this revamp?It is making every Indian pay approx Rs 5600 (equivalent to the total of 8 Lakh crores )to the RICH who got loan managing the % industry to enjoy life letting alongside the % industry to enjoy it's %.REVAMP by getting investment from the rich who enjoy banking Industry not by recapitalization from poor man's tax money R.PONNAMBALAM
If something is non performing it is liability not asset.The banks asset is the currency notes.Has it ever not performed by not getting the worth equivalent on the strength of the solemn pledge of RBI governor written on the currency notes.The word NPA ,besides fooling the indian tax payers insults the solemn pledge of the RBI Governor written on the note.R.PONNAMBALAM
