Respected and honourable Minister,
I did a thesis on Management of NPAs under Madras University giving a practical solution to contain formation of NPAs in banks by disciplining both erring banks and borrowers on a scientific basis. The thesis well rated by the Examiners was brought out as a book as recommnded by them and it carried a preface from none other than the former Governor of RBI and 12th Finance Commission Chairman Dr C Rangarajan. I sent a copy of the book to our Honourable PM for possible implementation of the mathematical suggestion to prevent formtion of NPAs and liquidate the NPAs in case generated because of business and genuine failures through some fund specifically created without taxing the tax payers and other stake holders of the banks and the economy. Since the problem of NPAs has grown beyond any ones' imagination and
has been adversely affecting banks, borrowers, the economy and the Governments' image in particular , I thought I should make a last attempt to bring to your kind notice the suggestion to prevent the disease of NPAs than to find a evasive cure.
The book "Management of NPAs in PSBs" was published by the Indian Institute of Banking and Finance in the year 2004.One of my earlier suggestion to levy share security transaction was found implemented in the year 2004 and this has been fetching fantastic revenue to the Government without any inflationary impact and curbing the excessive volatilty in the Capital market.Since you have got an imaginative approach to solve ticklish issues, I thought, I should bring this suggestion to tackle NPAs, in our PSBs in particular.
Yours faithfully,
Dr T V Gopalakrishnan
A Senior Citizen .
I did a thesis on Management of NPAs under Madras University giving a practical solution to contain formation of NPAs in banks by disciplining both erring banks and borrowers on a scientific basis. The thesis well rated by the Examiners was brought out as a book as recommnded by them and it carried a preface from none other than the former Governor of RBI and 12th Finance Commission Chairman Dr C Rangarajan. I sent a copy of the book to our Honourable PM for possible implementation of the mathematical suggestion to prevent formtion of NPAs and liquidate the NPAs in case generated because of business and genuine failures through some fund specifically created without taxing the tax payers and other stake holders of the banks and the economy. Since the problem of NPAs has grown beyond any ones' imagination and
has been adversely affecting banks, borrowers, the economy and the Governments' image in particular , I thought I should make a last attempt to bring to your kind notice the suggestion to prevent the disease of NPAs than to find a evasive cure.
The book "Management of NPAs in PSBs" was published by the Indian Institute of Banking and Finance in the year 2004.One of my earlier suggestion to levy share security transaction was found implemented in the year 2004 and this has been fetching fantastic revenue to the Government without any inflationary impact and curbing the excessive volatilty in the Capital market.Since you have got an imaginative approach to solve ticklish issues, I thought, I should bring this suggestion to tackle NPAs, in our PSBs in particular.
Yours faithfully,
Dr T V Gopalakrishnan
A Senior Citizen .
