What Mr Kalyanaraman says is that bank officials will sign on documents, enable the banks to be looted and in the bargain the citizen of India, but have no responsibility in these frauds. If bank officers do not agree to the decisions, what stops them from quitting ? When you are a willing accomplice (in most cases) or unwilling accomplice to all these frauds, why claim innocence ? And why should the common citizen bear the loss all the time ? Do PSU bank officers/staff ever agree to salary cuts, if such bank frauds are unearthed ? This 'I am so innocent' attitude of bank staff is a joke on the tax payer, they deserve to be tried as accomplices to the frauds.
Majority of these NPAs are doing of the Corruption at Banks and Political interference to promote Government Agenda.I wish to bring a PIL at apex Court that any free Gifts of Sarees .,Laptops ,TV,Books etc should come out of the respective Party Funds and Tax Payers' Money should be used for such expenses which are approved by the Assemblies or Parliament only.Also,for sake of Corruption free Administration,we should have Funding Books of all parties in Public Domain, and I wish to see all Parties talking Big Ethics and Transparency to come forward and place their books for last 10 years in the Public Access immediately .If I were the Election Commission ,I would have asked all parties to comply with this for seeking their party registartion for Election and review every year to derecognise parties not conforming to this need.HOPE OUR REQUEST IS COMPLIED BEFORE 2019 ELECTIONS.JAI HIND .
Re: NPAs and the Government responsibility to settle these.
by Rakesh Dandekar on Feb 17, 2018 02:38 PM
this is the democratic country and our birth right is to loot public bank and not private bank. private bank namely HDFC is doing the business more than 3 times of nationalised bank and their staff beheviour is such a polite rather than nationalised bank. coruption from top to bottom is our constituence given to us then why we should blame only conagress it is every political blood either this way or that way.
Maximum they do is to harass/penalize honest users with their dis service,generate huge NPAs by catering to political bosses, encourage corruption and get rewarded for their negligence with pumping of more money for cover up. If Bankers were made answerable for their in professional conduct, failing to generate profit for the Nation they will not be in such bad straits. Whoever heard of bankers making good the losses. What risk are you talking of?
Non performing banks by
Umacharan Panigrahi on Feb 17, 2018 11:12 AM | Hide replies | Hide message
LoL, which Banker is taking a RISK?
Maximum they do is to harass/penalize honest users with their dis service,generate huge NPAs by catering to political bosses, encourage corruption and get rewarded for their negligence with pumping of more money for cover up. If Bankers were made answerable for their in professional conduct, failing to generate profit for the Nation they will not be in such bad straits. Whoever heard of bankers making good the losses. What risk are you talking of?
Dear Sir, Bankers, during 1950-1970 were much on the higher side , in prestige & pay. Govt. Officials & Politicians always tried to denigrate the Bankers, during the regime of FM P.K.Mukerjee. LOAN WAIVERS were yet another nuisances made by the politicians. RECOVERY LAWS were never favourable thereafter. Despite enormous FUND remaining idle with the BANKERS, development process in INDIA, is very poor. AND POLITICIANS, GOVT. OFFICERS & LAWS of the land are sordidly responsible.
Re: Politicians vs. Bankers
by R ponnabalam on Feb 17, 2018 11:07 AM
It is fair in the was it Is put. LOAN WAIVERS were yet another nuisances made by the politicians.Was it not possible for banks to separately and highlightedly put is as NPA due Loan waivers.Let banks give the category against the NPA.No one would blame the bank for NPA due loan waiver .” RECOVERY LAWS” were never favourable thereafter.” With not much left for one’s professional job general public would n’t be reading recovery laws.Banks have to put it in writing as to why Recovery is hampered by Recovery Laws;should let the Public know, so that some noise ,some result may come out ;at least banks can say the recovery laws made the damage.Let there be transparency in loan sanctioning, loan recovery stages,and why bridge loans are given.The entire flaw is because all had remained hidden till one fine morning when it was said that NPA is 15 Lakh Crores R.Ponnambalam
Re: Politicians vs. Bankers
by R ponnabalam on Feb 17, 2018 11:08 AM
It is fair in the was it Is put. LOAN WAIVERS were yet another nuisances made by the politicians.Was it not possible for banks to separately and highlightedly put is as NPA due Loan waivers.Let banks give the category against the NPA.No one would blame the bank for NPA due loan waiver .” RECOVERY LAWS” were never favourable thereafter.” With not much left for one’s professional job general public would n’t be reading recovery laws.Banks have to put it in writing as to why Recovery is hampered by Recovery Laws;should let the Public know, so that some noise ,some result may come out ;at least banks can say the recovery laws made the damage.Let there be transparency in loan sanctioning, loan recovery stages,and why bridge loans are given.The entire flaw is because all had remained hidden till one fine morning when it was said that NPA is 15 Lakh Crores R.Ponnambalam
Re: Politicians vs. Bankers
by R ponnabalam on Feb 17, 2018 11:23 AM
This is from this site as visited today"RBI Deputy Governor N S Vishwanathan blamed banks for the bad debt mess and said if they had been practitioners of good risk management, the non-performing assets (NPA) stock would have been far more moderate."We want to think well of banking sector !But are we allowedR,Ponnambalam
Dear Sir, Bankers, during 1950-1970 were much on the higher side , in prestige & pay. Govt. Officials & Politicians always tried to denigrate the Bankers, during the regime of FM P.K.Mukerjee. LOAN WAIVERS were yet another nuisances made by the politicians. RECOVERY LAWS were never favourable thereafter. Despite enormous FUND remaining idle with the BANKERS, development process in INDIA, is very poor. AND POLITICIANS, GOVT. OFFICERS & LAWS of the land are sordidly responsible.
Re: Politicians vs. Bankers
by R ponnabalam on Feb 17, 2018 11:15 AM
Even now it is not too late;it will at least help the future.Let banks give NPA under various categories or headings,like NPA due to Loan waivers,2)due to Recovery failure due to bank inaction,3)due torecovery failure as this particular law caused it and that no change was brought about in that despite banks pointing that out.One must be ready to defend one's job or work by performance at any time adducing records in all fairness R.Ponnambalam
