Yes only solution is that all PSU banks be permitted to give loan only to Home loans ----and laon to common people and yes no other banks private or NBFC etc be allowed to give such loans ...such loans are easy to collect and banks make money too ....so male law that only PSU banks can issue such loans ...no other bank NBFc institution be allowe d to give such laons ..only priave banks be allowed to give laons to Industries .....this is only solution
"change the ownership and pass on the responsibility to the new owners to fix the problems and face the consequences."Banks are good at it.They have made the change of ownership of the bank Loan paid to the loanees.This they have done by not recovering money from incoming cheques of the party to the Bank and that too in time.The only difference is that the new owners of that loan money have made the banks pretend to be in fix, for after all recap is always there for the bank R.Ponnambalam
"reviewing bad loans."What does that mean?Does that mean the review of that loan appraisal,as to who approved that loan and under what consideration and whether that was justifiable.What had been the result of the review of bad loan is so far as who was held or what was held responsible to avert further occurrence.Or it was a fait accompli of loan and to find out whether it s possible to recover it.What is the result of all these.Mere salary payment?R.Ponnambalam
By advising Rediff not to display a very simple straight forward factual opinion like as follows"“ precious public money” This is what not been felt by anybody in the banking System right upto RBI.Had it been otherwise a write -up wouln’t have told in this site that the RBI was winking at banks fudging Balance sheets till upto 3 years or so back.Banks would not have fudged balance sheets Any RBI Governor would have questioned,” what bloody NON PERFORMING ASSET?The banks asset of Currency is performing getting it’s equivalent worth.How dare you insult the pledge of RBI in the currency notes calling it that banks assets are not peforming.In one company where in 1990 I worked the money against incoming cheque was not released to the company because of payable bank loan and as banks recovered it’s due The company got closed.The bank didn’t loose.Why such actions had not been done.Public are fooled too much.R.Ponnambalam
"all corruption and inefficiency of cases like in PNB and bad loans in banks flow solely from government ownership." Let us wind up the banking System by Govt giving some time .In the meantime let Pvt. Sector start and run banks and banking system as it runs Industry.It is not a mischievous statement.The recent OAFAM said India's top 10 per cent of population holds 73 per cent of the wealth.The Indian billionaires' wealth increased to over Rs 20.7 lakh crore -- increasing during last year by Rs 4.89 lakh crore, an amount sufficient to finance 85 per cent of the all states' budget on health and education. ".It is a very easy task for Pvt. Sector to take it as a challenge and contribute.They have the wherewithal R.Ponnambalam
"One, keep the ownership and control the same and expect changes in systems and top-level staff to deliver a clean, efficient organization. This involves too many assumptions." A Pvt. sector Director told in one of our meetings"Feel ownership and do the Job.The company takes care of you:You take care of the company "As long as I worked there I don't think that he had complaints about any of us in that meeting on this.'.In bank everybody should feel ownership of the bank's asset-the currency.They should not have glibly used the word NPA for the banks currency has always performed to get the equivalent worth on the strength of the RBI assurance and there is no NPA in the bank but deliberate non recovery of Loans arising out of failure of duty and deliberate connivance.All good English words do not make up for deliberate bad acts in work.R.Ponnambalam
What must I do right now to be on the path to getting the big picture? Where's the bull's-eye?)ON THE PATH TO GETTING BIG PICTURE FOR ME PERSONALLY ;that is really the big picture:getting the big picture for the bank:The bank is there for it:after all I am an employee.Everyman takes care of himself:let me take care of me.That is the right picture.But we won't accept fact.Keep writing more and more and more defending virtues of banks and it's virtuless operation and operators.Unless we give up this mental make up nothing can help us.R.Ponnambalam
