NPA loot goes unnoticed by public

When free loot is possible through the NPA route, why should  one care for a lasting solution. Nobody wants any discipline and banks, borrowers and others having vested interest make hey while the sun shines. The write offs, legal cahrges, restructuring cost and several other  costs are borne by the depositors and share holders of banks and the recurring loss to the economy  because of NPAs is borne by the tax payers. The public awareness about the loss the society incurs because of NPAs is absent and the loot is let loose. Earlier they discipline banks for their failures in minimising NPAs and Borrowers 'failure to conduct the loan accounts satisfactorily, this cancerous disease will remain in banks books.The solution which had the appreciation and recommendation for implementation on a trial basis  by the examiners who include professors from abroad has been well commented by none other than Dr Rangarajan, The Chairman , PMEAC. Perhaps, this also requires right contacts, connections and influence althougfh the solution is for the benefit of the society, economy banks, Government, tax payers and savers of money.Had the solution been implemented in 2004, the NPAs menace could have been well contained  by now and banks books would have been strong and the economy would have   benefited immeasurably.

Dr.T.V.Gopalakrishnan