In a country where everyone is in need of money the banking Sector doesn't have the wherewithal to evaluate honestly ,fairly and almost correctly say with 1 to1.5% of error who can utilise the loan effectively and return the repayments premiums in time.Either banks do not have the competence or do not want to do a fair honest job .CONTROL is taking corrective action when the error is small and the system would not spin out of control.Banks could have asked it from it's Engineering Graduate Governor if there was one .BANKS INTENTIONALLY DELIBERATELY AND WILLINGLY MADE THE ERROR BIGGER AND BIGGER with REFINANCING ,BRIDGE LOAN etc. to let banking system spin out of control.KEEP FOOLING WE ALL INDIANS.WE ARE DESTINED FOR IT.R.Ponnambalam
"to effectuate long-lasting structural change"In 30yrs. of Economic Reform there was no right structure envisioned and implemented to recover loan.Even when the push came to the shovel we proudly declared our banks are hesitant to take actions fearing 3Cs.Which country will respect such work evading bankers who are proud to talk about hair cuts in banks not banking in Banks R.Ponnambalam
better operating practices "Does that mean no corrupt less or corrupt , no % kick back taking, no refinancing ,no bridge loan etc when loan repayment has failed and the like.?R.Ponnambalam
Were loans in the range of Rs.44000 crors Rs.55000crs. to a few individuals or corporates in a country where wealth generation and distribution has to be equitable STATE DIRECTED.Which Govt. has so directed it when next door in Bangladesh micro loan was a success story in economic development.Does a pen factory need to be given loan in the rangeRs. 1500 crs.Never talk of internal corruption ,percentage kick back ;all state directed and politically ordained flaws,Unless mistakes are identified and accepted banking sector will never redeem itself R.Ponnambalam
