Dr.P.A.HabeebRahman 1597 days ago

Moodys report is a sign board for the huge financial disaster looming large. What are we waiting for? Signs of urgency to wipe out NPA from Indian Banks are welcomed by everyone right from the topmost authority in Finance Ministry down to everyone who matters. As bankers are all financial pundits, when something bring down their very existence, substantially like NPA menace, and they themselves are the authorities to identify NPA, it is quiet natural to presume that the real stressed assets could be manifold that what is actually projected at 7 lakh crores. Conduct an impartial audit by CAG for all NPA say above 100 crores, take remedial measures as per law of the land when intentional negligence is established, and write off the rest where it is caused due to genuine business failures,despite all efforts both from banks and customer, and no assets are left to proceed against. It is not prudential to wait for the dagger of NPA to fall and impact the sovereign credit profile of the Nation