No More Loot - Yes Bank Resolution Mechanism.

I watch with very keen interest your programme and the much needed campaign "No More Loot". The loot of Depositors, HONEST  tax payers, good borrowers, and gullible public  has been going on for decades in the  Financial System in general and  in the Banking System in particular  and this has been acknowledged by the authorities without any serious remedial action to stop the menace as there has been no mass movement or serious threat for reasons known to all with the result  the masses  eternally suffer, dishonest borrowers thrive and the economy remain stagnant with all resources at its command without much of use.    As an honest citizen and Professional Central bank Official I came out with a self Corrective mechanism to contain the problem of this open  and easy loot of banks  based on my Research in the years between 1998-2002  and well approved by the Examiners the Thesis brought out in the year 2004 and the Suggestion therein which was brought to the notice of then  FM, Governor of RBI and the public through seminars and debates in various forums involving Chairmen of Banks, Academicians, and  Researchers in the field of banking without any worthwhile result.   The Book 'Management of Non Performing Advances' brought out by Indian Institute of banking & Finance in the year 2004 based on the Ph D thesis had a Foreword from none other than by Dr C Rangarajan then Chairman Twelfth Finance Commission and former Governor of the Reserve Bank of India. The book inter-alia contained a very simple and highly practicable solution to make banks Viable and Efficient through prevention of entry of bad borrowers and liquidation of bad loans without penalising the depositors and innocent tax payers was conveniently ignored by the powers that be and the loot of Banks has been made a routine and regular habit killing the economy and keeping the masses to remain in perpetual poverty.  I bring this to your notice not for any personal gain but to intensify your campaign against the open loot and eradicate this from our banking system if possible so that the Financial  system which includes NBFCs and Large Corporates would become strong and help the Economy to grow faster and reach the target of $ 5 trillion as envisaged by our Honourable PM and make his dream  Vasudevaka Kudumbam a reality in the near future.  Kindly excuse me  for bringing this to your notice as I as a Senior Citizen and interested in the welfare of people thought the Republic TV can bring justice and order in the economy with the support of masses and right conduct in the matter of public affairs in general and public Finance in particular.       Dr TVG Krishnan 19/03/20 ( This letter was addressed to Republic TV in response to its Campaign No More Loot held in the context of Resolution brought in to save the YES bank from Collapse)