Culture Of Write Off TO Reduce Burden Of Bad Loan Is Dangeous

Excellent note on write off culture in banks by Sri Kamlesh Chaturvedi submitted on Facebook is as follows:-

1979 से 2015 इन 36 सालों में हुए तीसरे से दसवें यानी आठ वेतन समझौतों के ज़रिए बैंक कर्मियों को वेतन वृद्धि के रूप में मिले कुल रुपए 10198 करोड़ :

3rd BPS signed on 31.08.1979 Rs. 30 Crore
4th BPS signed on 17.09.1984 Rs. 120 Crore
5th BPS signed on 10.04.1989 Rs. 252 Crore
6th BPS Signed on 14.02.1995 Rs. 388 Crore
7th BPS signed on 27.03.2000 Rs. 818 Crore...
8th BPS signed on 02.06.2005 Rs. 1288 Crore
9th BPS signed on 27.04.2010 Rs. 2577 Crore + pension cost
10th BPS signed on 25.06.2015Rs. 4725 Crore
Total 10198 Crore

बड़े बकायेदार चार साल में ही डकार गए रुपए 1.14 लाख करोड़

राष्ट्र कवि दिनकर जी की पंक्तियाँ :
श्वानों को मिलता दूध वस्त्र
भूखे बालक अकुलाते हैं
माँ की हड्डी से चिपक ठिठुर
जाढ़े की रात बिताते हैं
पापी महलों को अहंकार
तब देता मुझको आमंत्रण

बलिहारी है-हमारी सरकार कल्याणकारी है
पूँजीपतियों से मिलता चंदा इसलिए उनसे यारी है

Top ten PSB bad loan write-offs
Bank	Write-off amount
State Bank of India	Rs 21,313 crore
Punjab National Bank	Rs 6,587 crore
Indian Overseas Bank	Rs 3,131 crore
Allababad Bank	Rs 2,109 crore
Central Bank of India	Rs 1,995 crore
IDBI Bank	Rs 1,609 crore
Bank of Baroda	Rs 1,564 crore
Syndicate Bank	Rs 1,527 crore
Canara Bank	Rs 1,472 crore
UCO Bank	Rs 1,401 crore

PSU banks have been witnessing a continuous surge in bad loans. As on September 2015, the gross NPAs of PSBs have increased to Rs 3,00,743 crore as against Rs 2.67 lakh crore in March 2015.
Concerned over mounting bad loans, RBI in consultation with the government is working on methodologies to clean up balance sheets of state-owned banks by March 2017.

P. Chidambaram to bank staff: All profit can't be used to pay higher wages-Financial Express

 public sector bank employees started a two-day strike today seeking higher wages, Finance Minister P Chidambaram said the profit of banks cannot be used only to enhance salaries because there are other obligations.

Read What Chidambram said

Sunday, March 31, 2013

Loans Written Off By Banks

Finance Ministry asks PSU banks to limit loan write-offs--Business Line

NEW DELHI, MARCH 31:  

The Finance Ministry has asked public sector banks to limit the amount of loan write—offs and sought details of recoveries made by them in the six years ending 2011-12 with an aim to improve the finances of PSU lenders.

It has also asked the banks to ensure that the amount written off by banks as bad loans does not exceed the cash recovery made during the year.

“In case there is more write off than the recovery made by the bank in a given year, the reasons for the same may also be provided (to the Ministry),” the Finance Ministry said in a recent communication to the heads of all public sector banks.

Read news of year 2013

Friday, July 5, 2013

Write Off IS More Than Real Recovery of Bad Loans in Banks

Public sector banks are writing off more loans than they recover, despite repeated advisories from the finance ministry. In the fourth quarter of the last financial year, of the 26 state-run lenders, as many as 17 banks had written off more loans than they recovered.

Read news of the year 2013

Rs 1 lakh crore bad loans of corporates written off: RBI-Times of India 2013

timesofindia.indiatimes.com/business/india-business/Rs-1-lakh-crore-bad-loans-of-corporates-written-off-RBI/articleshow/25905990.cms

आदरणीय सुभाष सावन्त जी के अव्वाहन पर Some People  तो इस धरने में शामिल होने जा रहा हूँ दिल्ली जंतर मन्तर-क्या आप भी चलेंगे साथ ?

इसलिए जा रहा हूँ कि सावन्त जी ने सेंट्रल बैंक के बड़े बकायेदारों को दी गयी लम्बी लम्बी रक़मों और उनके नाम का ख़ुलासा करते हुए मुंबई में जुलूस निकाला और जनता के धन की खुली लूट पर पुरज़ोर आवाज़ बुलन्द करने का असीम साहस दिखाया-सेंट्रल बैंक प्रबंधन ने उनको सेवा निवृत्ति के बाद भी आरोप पत्र जारी किया कि क्यूँ न उनकी पेन्शन रोक दी जाए ?

बड़े बड़े बकायेदारों से यारी-अपनी ही बैंक से सेवा-निवृत्त बैंक कर्मी नेता के साथ मक्कारी-इसीलिए आर-पार के संघर्ष की कर ली जाए तैयारी ।