Mounting of bad loans in commercial banks in India cannot be considered as an eventual process. It is the result of willful effort by bank higher ups and politicians. How could liquor baron Vijay Mallya lead a lavish life when he remains as a defaulter of several crores to many banks? Why is he not arrested and put in jail after confiscating all other assets owned by him?Average investors who put their money in bank stocks are now in total distress. Are these banks going to extinction?
If anyone says recovery of bad loans is not visible in near future then it is certain that he
is also involved in the crime. Recovery from the private assets of bank managers who issued loans and of defaulters should soon be done to save banks and thereby people's money.
is also involved in the crime. Recovery from the private assets of bank managers who issued loans and of defaulters should soon be done to save banks and thereby people's money.
K A Solaman
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