When defaulters hear that the banks are being merged they will sell all their belongings and come running to settle their loans - this is what the government wants to convey.
But truth is otherwise..
When everybody is busy in merger labour pains the focus on defaulters will be lost. In the name of cleaning the balance sheets lot of writing down or write off or haircuts or clean shaves will be done to bail out the defaulters - of course with some " deal". Next the bankers who are responsible for these big bad loans and their middlemen will also heave a sigh of relief. After such a long time they have taken just 12 borrowers for recovery . By bringing insolvency proceedings these loans will come out of any probe, either vigilance or other, so that the bankers responsible for the mess can live peacefully with their booty.
We may onserve the recent statement by SBI that they can not rule out writing off some bad loans after merger.
In our society we have common man , small enterprises, agriculturists etc who are credit starved. And these people say they want banks of global size to compete internationally as if western countries are starving of money supply that they are waiting for Indian banks to come and rescue them !!
These are all pre determined and stage managed drama enacted in the name of cost saving and competitiveness. Merger Protect the big defaulter . After merger or in the merger scenario bif defaulter encourage to sell their property. Govt doing a big and dangerous drama with our incapable old valueless retired leadership
Nigahe kahin aur nishana kahin aur..
But truth is otherwise..
When everybody is busy in merger labour pains the focus on defaulters will be lost. In the name of cleaning the balance sheets lot of writing down or write off or haircuts or clean shaves will be done to bail out the defaulters - of course with some " deal". Next the bankers who are responsible for these big bad loans and their middlemen will also heave a sigh of relief. After such a long time they have taken just 12 borrowers for recovery . By bringing insolvency proceedings these loans will come out of any probe, either vigilance or other, so that the bankers responsible for the mess can live peacefully with their booty.
We may onserve the recent statement by SBI that they can not rule out writing off some bad loans after merger.
In our society we have common man , small enterprises, agriculturists etc who are credit starved. And these people say they want banks of global size to compete internationally as if western countries are starving of money supply that they are waiting for Indian banks to come and rescue them !!
These are all pre determined and stage managed drama enacted in the name of cost saving and competitiveness. Merger Protect the big defaulter . After merger or in the merger scenario bif defaulter encourage to sell their property. Govt doing a big and dangerous drama with our incapable old valueless retired leadership
Nigahe kahin aur nishana kahin aur..
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