In September 2017, ICICI Bank CEO Chanda Kochhar urged FM Jaitley to look into the stringent Indian standards, which are sometimes in excess of global banking norms. We fools we believed private banks and this iron lady were great compare to public banks and their CEOs. Today Videocon scam is out and CBI is looking into the ICICI mess! But Indian syndrome is people/news channel will forget PNB/Mallaya and ICICI scam will be in discussion for one more month in public domain! But, corrupt people will be as active as they are today! If Mr.Modi cannot fix this mess, people will lose trust on him and he will also be treated like the then Congress PMs (not in general) who are insensitive to corruption. I wonder what is happening to this country? Why we are insensitive to corruption? People money is swindled by politicians/corporate and now banks! India will shine only when we people, court and government start taking action against corrupt people. We all know demonitization was a failure in this country because of few corrupt bank officials (not all) & corrupt citizens of this country who were hand in hand with dirty people to make blank money into white. In India you and me if dont speak out about corruption or educate our circle to fight against the same, this mess will continue!
Is the system in mess or its a purely COC ( Code of conduct issue). I feel its a simple COC issue where all Govt employees ( sorry for a general statement) managing public money are corrupt to the hilt. If you really want to exhibit any action , pl investigate all bank loans from 1998 onwards and verify all retired bank employees assets. Majority have made money ( officers only) and are enjoying lives today. All loans above 50 crores which have either become NPA or the company has gone to BIFR . pl catch all directors /CAS and auditors and simply put them in Jail till the case is solved. As an advance punishment, you will find that Govt has put so much fear in the minds of these white collar thieves that no one will dare to cheat in future. Time has come to privatise not only Banks but also all public dealing services of Govt.Jai Hind
