5% NPAs estimated may be after write off of loans which would be more than 5%. The way banks generate NPAs gets a doubt as to whether there is any Governance in banks. What is RBI doing? Has it lost its supervisory efficiency? The write off of loans and the capital inducted by the Governemnt to save the banks image need to be thoroughly investigated by an outside agency and the depositors and shareholders should know what exactly is bank's health? IMF has also been warning on the deteriorating quality of banks assets and there is some wholesale loot going on with or without the knowlwdge of Banks Board, Auditors and RBI. Time to have a serious investigation by an independent agency?
Dr.T.V.Gopalakrishnan
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