Case Study of Mallya's debts by IIM A

Ethics and Business have no relationship is what Mallya's case shows. There are several Mallyas in the banking system who loot the public money with the aid of bureaucrats, politicians, professional bankers , eminent Lawyers , Accountants and Trade Union leaders. The loot is not a one day affair. This has been going on for years and in several other cases for decades. The Study of Mallya's debts by IIM A  is welcome but the outcome should be to prevent such loots for ever through some self correcting mechanism. In this regard Perhaps the book Management of Non Performing Advances brought out by the Indian Institute of Banking and Finance in the year 2004 would be of some help to prevent such loots on an ongoing basis.The cross subsidisation of such bank loots by the public should come to an end and  IIM can perhaps come out with some ideas on accountability. Corporate Governance is said to be in existence in almost all Institutions but the result is open loot and no commitment or loyalty what so ever to the Institutions or to the shareholders or to the tax payers or to the Stakeholders of the economy is visible from people who manage these Institutions. . Dr T V Gopalakrishnan'

(This comment appeared in Times of India dt 26/3/16)