Category: News Analysis

Malfeasance Bankers’ performance after the initial loans were made was also not up to the mark. Unscrupulous promoters who inflated the cost of capital equipment through over-invoicing were rarely checked, said Raghuram Rajan, former RBI Governor in a statement before Parliamentary Estimates Committee on Banks' NPAs. An extract from the statement before Parliamentary Estimates Committee on Banks' NPAs. How important was malfeasance and corruption in the NPA problem? Undoubtedly, there was some, but it is hard to tell banker exuberance, incompetence, and corruption apart. Clearly, bankers were overconfident and probably did too little due diligence for some of these loans. Many did no independent analysis, and placed excessive reliance on SBI Caps and IDBI to do the necessary due...

In a democracy, a creative opposition has an important place, but not for animosity. When the concept of “give and take respect” is consigned toflame, the establishment called democracy becomes foe-crazy. The end result is, economy suffers the worst, denizens become the victims of rift and every growth opportunity is aborted. It is sad to say that our judiciary is questioned, reaching to the extent of bringing impeachment motion against the former Chief justice of India once. Hail the democracy; no doubt, that was aborted later. But the gesture indicated a bad sign, a crazy mind and a foul brain. The signs of intolerance are seen everywhere. The Supreme Court is the custodian of justice for every Indian and its integrity is beyond anyone's misgiving. The honesty of armed forces and the...