Dear FM,
Speaking with contempt and using cliched English terms picked up from books is no substitute to understanding finance. Indian economy 'fell off the cliff' when they appointed you as the Finance Minister. This is from the annual report of Yes Bank:
The Total advances are as follows:
FY 2014 - 55632.96 crores
FY 2015 - 75549.82 crores
FY 2016 - 98209.93 Crores
FY 2017 - 132262.68 Crores
FY 2018 - 203,533.86 crores
FY 2019 - 241,499.60 Crores
1. The loan portfolio of Yes Bank increased by 434% under your government. And your regulator was blind to it.
2. Anil Ambani, your governments' favorite entreprenuer is a chronic defaulter at Yes Bank.
3. Essel Group, owned by Subhash Chandra Goyal, the founder of Zee News and a BJP MP is an NPA too.
You can blame UPA and even Nehru. But you cant ignore your own ignorance on financial matters nor your apathy in appointing a MA History qualified person as RBI Governor.
Eat Crow. Dont cry Crow.
By Peri Maheshwer
*A forward*
*Have been going through the Yes Bank annual report of 2019-20.*
The bank pays sitting fee is ₹ 1 lakh per meeting.
It paid Ashok Chawla, former finance secretary who quit mid way, ₹ 23.75 lacs, Lt Gen Sabharwal ₹ 48 lacs and Brahm Dutt (former secretary in Govt of India) ₹ 51.25 lakhs respectively.
In 2017-18, Ashok Chawla received ₹ 51.50 lacs, Lt Gen Sabharwal ₹27 lacs, Vasant Gujarati, CA, ₹ 27.50 lacs, Brahm Dutt ₹ 29 lacs and Ajay Kumar, former MD of Corporation Bank, got ₹ 37.50 lacs and Saurabh Srivastava, venture capitalist, ₹ 21.50 lacs.
*Did they ever discuss the bank’s health is a very BIG question they need to answer to the nation.*
Speaking with contempt and using cliched English terms picked up from books is no substitute to understanding finance. Indian economy 'fell off the cliff' when they appointed you as the Finance Minister. This is from the annual report of Yes Bank:
The Total advances are as follows:
FY 2014 - 55632.96 crores
FY 2015 - 75549.82 crores
FY 2016 - 98209.93 Crores
FY 2017 - 132262.68 Crores
FY 2018 - 203,533.86 crores
FY 2019 - 241,499.60 Crores
1. The loan portfolio of Yes Bank increased by 434% under your government. And your regulator was blind to it.
2. Anil Ambani, your governments' favorite entreprenuer is a chronic defaulter at Yes Bank.
3. Essel Group, owned by Subhash Chandra Goyal, the founder of Zee News and a BJP MP is an NPA too.
You can blame UPA and even Nehru. But you cant ignore your own ignorance on financial matters nor your apathy in appointing a MA History qualified person as RBI Governor.
Eat Crow. Dont cry Crow.
By Peri Maheshwer
*A forward*
*Have been going through the Yes Bank annual report of 2019-20.*
The bank pays sitting fee is ₹ 1 lakh per meeting.
It paid Ashok Chawla, former finance secretary who quit mid way, ₹ 23.75 lacs, Lt Gen Sabharwal ₹ 48 lacs and Brahm Dutt (former secretary in Govt of India) ₹ 51.25 lakhs respectively.
In 2017-18, Ashok Chawla received ₹ 51.50 lacs, Lt Gen Sabharwal ₹27 lacs, Vasant Gujarati, CA, ₹ 27.50 lacs, Brahm Dutt ₹ 29 lacs and Ajay Kumar, former MD of Corporation Bank, got ₹ 37.50 lacs and Saurabh Srivastava, venture capitalist, ₹ 21.50 lacs.
*Did they ever discuss the bank’s health is a very BIG question they need to answer to the nation.*
1 comment:
Very much informative article.
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