Continues
from previous post –
I
explain my observations here, to make my point clear. At present,
banks are dependent for investment of their funds. They depend on
somebody to borrow money from them and if that business works well,
banks benefit and if things go wrong for whatever cause the bank
suffers. We know our bank's have a well-developed technique to verify
all such proposals and if bank finds that, the project is acceptable
they give loan. However, there are certain aspects those the bank
cannot control. They are,
1.
Daily managements of the business and
2.
Decisions in business
For
that, helplessly the bank has to trust that client's working. We have
noticed that all bank problems stem out of this one factor. I know of
many cases where bank officer begs businesses to take loans from that
bank because that officer is obliged to complete certain lending
quota. Such helplessness is eventually, misused by some culpable
businesses and finally as the business did not actually need that
money that loan money is appropriated and this leads to many
subsequent wrongs which as you are fully aware leads to bank
declaring that loan as write off! A large number of such cases, I
have noticed while studying this problem. Many officers have admitted
of their helplessness in that matter. Criminal mentality is
everywhere, if bank allows for some easy money to such immoral
businesses we cannot complain against that business. Matters are
hushed up and this leads to ever increasing non-recoverable credits.
In addition to that, corruption grows!
Continues
in the next post –
You may contact
me on my Email ID given below,
You are invited to
visit my other blogs
Ashok
Kothare,
http://ashokkotharesblog.blogspot.com/
for stories
I
reckon,
http://kotharesviews.blogspot.com/
for philosophy
You
may visit blog, Ideas
and tips on any subject,
http://kotharay.blogspot.in/
for intelligent discussions.
My
Marathi Blog, http://kothare-marathi.blogspot.in/
मला
असे वाटते
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