this is a complex issue. banks have thousands of crores to lend. if they do not lend then they cannot post profits. in their anxiety to do this they fall for companies with some public figures. no bank lends without mortgage and what is required is facility to dispose these mortgages and recover money. govt can help in this regard. probably all PSU BANKS together can have a common vehicle to dispose such mortagages quickly to salvage banks. bluechip companies dabur, bajaj auto, hero, maruti, lever, itc, asian paints etc have enough internal generation & hardly take any loans. so only B GRADE and C GRADE companies take loans from banks and they have to live with them. whether they like it or not banks have to lend to companies without adequate visibility. this cannot change.
On Saturday, 5 March 2016 9:37 PM, 'Sanjay Gandhi' via LONGTERMINVESTORSRESEARCH <longterminvestorsresearch@googlegroups.com> wrote:
What was the objective of Gyan Sangam.
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Merging all banks who have given high bad debt to all groups. Then RBI n Govt will give more money to them for giving more tax payers money to Large Chor corporates for their personal needs.
How do these large corporate management team have very expensive luxury cars not by their work but utilising taxpayers money.
They enjoy playing golf n fly first class with zero work.
All large banks CEOs dont have business knowledge. They r just sales people dont know whether they will be able to collect the money.
RBI is also helpless as this is a System failure prepared by them. Politician also dont want their corporates get hurt.
I think there has to be a Gabbar in India and approach all Large Corporate theives, corrupt bankers and politicans to collect the money.
Poor people r really impacted as the money to poor farmers r given very less with too much paper work but large corporates r not required any collateral.
Helpless Indian
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