When CMD, ED and most of General Managers and Dy GMs are corrupt, every manipulation to project bank's false image is possible. Such bad officials who hold the unrestricted and unregulated powers on lending can conceal bad accounts in several ways, they can write off or compromise with defaulting borrowers at the cost of bank’s health, or give fresh advance to stop bad accounts slipping into NPA category and what not. This used to happen during Congress Party Government.
Now the government is under control of Mr. Narendra Modi BJP who has got no hidden agenda and whose main agenda is growth and cleaning of the system which has been stinking since long due to large scale corruption . We have to be positive minded for some time.
Bad debts which are now coming in public domain are bad for more than five to ten years . Bankers never declared bad loan as bad . They continud to hide them by restructure or by evergreening. Now they will have to declare all hidden bad debts and then real picture of bank will emerge.
Till now even RBI does not know what will come out after churning of ocean. Government of India is totally in dark so far as volume of hidden NPA is concerned. Evil culture of decades cannot be changed in a few months.
abhi samundra manthan chal raha hai.
Slowly and gradually all loopholes of legal system , loopholes of of banking processess, of political exploitatins and of administrative inefficiency will come out in public domain and then real reformation process will start .
abhi samundra manthan chal raha hai.
Slowly and gradually all loopholes of legal system , loopholes of of banking processess, of political exploitatins and of administrative inefficiency will come out in public domain and then real reformation process will start .
Wait for some time . Reformation which started in the year 1991 has actually deformed and destroyed the health of banks. Looting took place in all departments and in all banks . Congress Party of India became Corrupt Party of India and removed from power by mighty voters in last election.
Now we have to wait and watch what new government do during its tnure of five years.
Today even IMF chief has accepted that RBI is moving in right direction to trap defaulters and recover money from them. Leaders of Congress party like Rahul Gandhi who are crying in Parliament and outside are real guilty of spoiling bank, of introducing bribe based lending, of loan mela culture, of write off culture for vote bank, of window dressing in all matters, of flattery and bribery based recruitment and promotion. Of bad lending and all evils . At least now RBI has taken some steps to cure the culture. Modi and Jaitley both are cooperating RBI in all matters. Other departments have started function in full fledge. At least ,people have become conscious of their duty.''
I am unable to understand why media men are crying in support of leaders of Congress Party when they conduct debate on their TV channels. Media men do not understand intricacies of bank loan, they do not understand role of ill-motivated politicians who used to build pressure on bankers.for sanction of loan to their kith and kin, their friends and their political supporter business houses. If the know even ABC of bank loan , why they were silent during UPA rule and during Congress Party rule when they were using banks for political advantage. ? Why they are raising hundreds of questions to spokesmen of BJP whose government has at least initiated action against Mallya and other defaulters.
Today even IMF chief has accepted that RBI is moving in right direction to trap defaulters and recover money from them. Leaders of Congress party like Rahul Gandhi who are crying in Parliament and outside are real guilty of spoiling bank, of introducing bribe based lending, of loan mela culture, of write off culture for vote bank, of window dressing in all matters, of flattery and bribery based recruitment and promotion. Of bad lending and all evils . At least now RBI has taken some steps to cure the culture. Modi and Jaitley both are cooperating RBI in all matters. Other departments have started function in full fledge. At least ,people have become conscious of their duty.''
I am unable to understand why media men are crying in support of leaders of Congress Party when they conduct debate on their TV channels. Media men do not understand intricacies of bank loan, they do not understand role of ill-motivated politicians who used to build pressure on bankers.for sanction of loan to their kith and kin, their friends and their political supporter business houses. If the know even ABC of bank loan , why they were silent during UPA rule and during Congress Party rule when they were using banks for political advantage. ? Why they are raising hundreds of questions to spokesmen of BJP whose government has at least initiated action against Mallya and other defaulters.
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