Rating agencies are exposing the bitter truth of Indian banks .The most interesting story of rating is that banks which are and which were always treated as best banks , leading banks and shining banks are rated rotten .   However, some top officials of the bank have remained always optimistic and have always given positive outlook about Indian banks knowing very well that internal position of the banks were moving fast from bad to worse. Still they portrayed the bank's image as brightest , shining and prosperous.

It was because they are the persons who are mainly responsible for creating such deep rooted mess in public sector banks.     It is they who manipulated figures in balance sheet to show rosy picture. It is they who played foul game in making provisions for pensions and other terminal benefits. It is they who in greed of better posting and better personal career remained busy in flattery to ministers, who willfully sacrificed the interest of the bank, who fraudulently inflated the profit , who won the heart of ministers by window dressing in deposits and advances and so on.

Moreover, it is they who played with quality of credit disbursal in an attempt to achieve the target and it is they who inculcated such bad culture in juniors and built pressure on juniors to follow their bad orders and to achieve the Branch target by hook or by crook. It is they who promoted flatterers even if they caused loss to banks and it is they who humiliated officers who were truely loyal to banks.

It is unfortunate that management of public sector banks is still in the hands of corrupt officials who are continuing their ill habits in the same way . Quality of credit processing is still bad and there is complete lack of monitoring .

Is RBI  totally unaware of such unhealthy  culture?    Majority of branches are working under huge mental pressure and hence they cannot safeguard bank's interest. It s absolutely beyond my imagination that officers who are always in fear of action from bosses and who are always threatened of transfer can work wisely and safely. The key target of majority of field functionaries is to please the boss and not to safeguard bank.

Rating agencies are exposing the bitter truth of Indian banks .The most interesting story of rating is that banks which are and which were always treated as best banks , leading banks and shining banks are rated rotten .   However, some top officials of the bank have remained always optimistic and have always given positive outlook about Indian banks knowing very well that internal position of the banks were moving fast from bad to worse. Still they portrayed the bank's image as brightest , shining and prosperous.

It was because they are the persons who are mainly responsible for creating such deep rooted mess in public sector banks.     It is they who manipulated figures in balance sheet to show rosy picture. It is they who played foul game in making provisions for pensions and other terminal benefits. It is they who in greed of better posting and better personal career remained busy in flattery to ministers, who willfully sacrificed the interest of the bank, who fraudulently inflated the profit , who won the heart of ministers by window dressing in deposits and advances and so on.

Moreover, it is they who played with quality of credit disbursal in an attempt to achieve the target and it is they who inculcated such bad culture in juniors and built pressure on juniors to follow their bad orders and to achieve the Branch target by hook or by crook. It is they who promoted flatterers even if they caused loss to banks and it is they who humiliated officers who were truely loyal to banks.

It is unfortunate that management of public sector banks is still in the hands of corrupt officials who are continuing their ill habits in the same way . Quality of credit processing is still bad and there is complete lack of monitoring .

Is RBI  totally unaware of such unhealthy  culture?    Majority of branches are working under huge mental pressure and hence they cannot safeguard bank's interest. It s absolutely beyond my imagination that officers who are always in fear of action from bosses and who are always threatened of transfer can work wisely and safely. The key target of majority of field functionaries is to please the boss and not to safeguard bank.