"valuable and sizeable deposit franchises be sold off to private capital providers"NO sold off business.KILL OFF THE NOT WORKING AUDACITY AND THE AUDACITY OF WAIT AND WATCH."RBI don't expect Lord Krishna to tell you to fire the evil, the not workingR.PONNAMBALAM
We need "NO WORK NO PAY">without this no shift in charge could manage his shift work in Govt. of industries in days gone by.A trade Union leader turned Managing Director , a very capable man of high integrity and well quaified was said to have told union leaders -I was the juniour chap in those days-who wanted change in agreement"You are leaders ;you ought to have foreseen it.No use telling now."RBI you ought to have foreseen this like eventuality too ;YOU ARE THE LEADER not a LEADER>ACT
Can we start with the relatively smaller banks under PCA as test cases for a decisive overhaul?Banks, no one learns swimming without walking down in waters.You like to do hair cut.But don't do a Hamlet :"To be or not to be." Have the belief that you are honest and would do a honest job andthen do the job.Then only the job itself would work ,not with this type of articles.In shop Floor every workers is questioned if he idles.RBI, you are not taking action of bank CEO's.R.PONNAMBALAM
"embarked on the NPA resolution process, indeed having catalysed the likely haircuts on banks"So the resoultion is the hair cut of banks and the throat cut of Common man who has to pay for this throat cut by banks.Someone wrote in this site that king-en had to leave as he was not in favour of recap. That tells common man that there are ways other this recap and hair cut.India when people do hair cut you have your throat cut R.PONNAMBALAM
"fear time is running out"For whom ,foe CEO s of banks or for RBI or for INDIA.Time has long run out for India with poor India having to pay Rs.5600 approx.per head to pay recapitaliztion of 8 Lakh crores of unrecoveredloans R,PONNAMBALAM
" The RBI hopes that banks --- file for insolvency proceedings on their own without waiting for regulatory directions."The RBI 's job is not to wait.If the banks had not taken action the RBI had to take action on those in banks.No one begs for feathers from a peacock.RBI, you can delude yourselves ; From the 8 lakh crore unrecovered loan and the long counting innings you played to have 99% of currency back in the system you are taken as master magician,But to be a banker you must come of doing hair cut >when is that day?
"Can the valuable and sizeable deposit franchises be sold off to private capital providers so that they can operate as healthy entities rather than be in the intensive care unit under the RBI's Prompt Corrective Action (PCA)"?It is an indirect way of telling that our banking sector is inefficient.The write up is emphatic that private capital providers would operate healthy.If Wait gamers won't work in time why they are retained.If money can have hair cut in bank who not men have hair cut in bank?R,PONNAMBALAM
reliant on relationship-based bank credit. That is the bane.It needs performance based repayment assuring credit .Relationship based is corruption driven R,PONNAMBALAM
