Banks feel happy shifting their toxic assets from loan books to investment books while the ARCs enjoy the management fees with a smile, observes Tamal Bandyopadhyay.
On Wednesday, the collector had issued an order in favour of the 17-banks consortium led by SBI to take physical possession of the villa
Several of his lenders have a lot to answer for.
Various twists and turns by govt post-demonetisation prove that it has been tall order for the PM
Bad loans continue to originate mainly from state-owned banks, where the top management's responsibility is not linked to career prospects nor has legal consequences, says Debashis Basu.
Conversion of outstandings into equity even partially should be a strict no-no says Chatered Accountant S Murlidharan
The system envisaged under the FRDI Bill, if implemented properly, would help improve the efficiency of capital allocation without harming consumers, and without risking the stability of financial firms, says Ajay Shah.
The meeting will be attended by all heads and EDs of public sector banks
Indradhanush-II is likely to chart out the process for resolution of non-performing assets.
The Bankruptcy Bill seeks to ensure predictability of outcome for creditors.
Lack of decisiveness and courage to deal with PSBs may turn out be the biggest impediment to the Modi government's economic initiatives, says Debashis Basu.
Public sector banks are inefficient, poorly governed and beset by largescale corruption.
The better performing states throw up more employment opportunities including at unskilled levels.
Finance minister Arun Jaitley has delivered a Arun Jaitley delivered a bold, far sighted budget
The state government has formed two committees under the chief secretary and the cane commissioner on the matter.
Experts hail Budget 2015 as a progressive, growth oriented one.
'Make cash available now, don't put people into suffering.' 'You should not come to a situation where the operation was successful and the patient is dying.' 'What did not happen in India for several years, you cannot do in 50 days.' 'This is agony and pain.'
India's five leading wilful defaulters are Winsome Diamonds & Jewellery Ltd and associate Forever Precious Jewellery & Diamonds, Zoom Developers, Kingfisher Airlines, Beta Naphthol and Raza Textiles
Once these banks start showing losses, they will not be able to pay dividends to the government nor pay taxes, which will further aggravate the situation for the government as its return on investment as an investor would be very negligible for the next few years, says M V Subramanian.
The government has provided a long-term vision.
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