MY VIEWS IN ECONOMIC TIMES ON RISING NPA & ON RTI

Economic Times Story on 21.11.12 : RBI directs banks to share information to check rising NPAs 

Comments of MILAN K SINHA (PATNA)

21 Nov, 2012 10:54 PM

   Reiterating its earlier directive to Banks to share information on credit exposure among themselves should be welcomed but is it sufficient to ensure its compliance by Banks as it happened in the past despite RBI's similar directive in 2008. The monster named NPA in large advances is the creation of multiple politico-economic factors coupled with Govt's inaction to punish the wrong doers both at corporate as well as at Bank level. This naturally results in huge increase in bad loans of majority of Indian Banks thereby making the entire Banking as a high risk sector. Unfortunately, during the last two quarters in the current fiscal Banks have registered whopping 86% increase in non performing loans which impacted the pricing of its products, both deposits as well as credit. Naturally, the effectiveness of whole credit dispensation process, particularly in case of large credit, must be looked into case by case very discreetly & objectively by a team of experts, without fear or favour, to safeguard the interest of stakeholders of Banks in the country.

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Economic Times story on 15.10.12 : RTI by itself cannot combat corruption, reforms needed
Comments of Milan K Sinha (PATNA) 
15 Oct, 2012 11:04 AM

     It is rightly opined by Madhuji. We claim to be a matured soverign republic of more than six decades old, having many laws, many law enforcing agencies and thousands of officers for ensuring execution & compliances. But, the hardships of the common man have been mounting & mushrooming over the years. The impact of this worsening political situation is noticeable in every sphere of our public life. Notwithstanding, there is a ray of hope. We still have lot many upright officers working for the government at different levels. If the rules are administered properly with adequate check & balances and compliances are ensured atleast by these upright officers even within their legal limitations, there would be visible positive changes in the existing system within a short time.

                                                           Will meet again with Open Mind. All the Best.