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Bankers Need To Strike At the Root Cause of Sickness
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Ads by Google by
Danendra Jain <dkjain49709@gmail.com>
It
is unfortunate that bankers instead of curing the sick system , instead
of removing corrupt officers from top posts, instead of improving Human Resource
policy to make it friendly for real performers, instead of accelerating recovery
process, instead of providing adequate manpower , instead of strengthening risk
management , instead of gearing up skilllevel of loan processing officers ,
instead of monitoring tools for keeping their asset healthy , instead of saying
spade a spade in time and taking corrective action in time against defaulting
borrowers or corrupt loaning officers ------------------------------
Ads by Google
It is important to say
that even if CRR is removed or government permits payment of interest on CRR
or reduce repo rate, corrupt , unskilled
officers and incompetent officers cannot ensure safety of their assets.
These banks have already earned huge profit by reduction in CRR rate.
After all, liquidity generated by release of CRR or payment of
interest on CRR provides relief for few months and for few
quarters only. Even if CRR is abolished,
bankers will have to accept the bitter truth and will necessarily need to
cure the ills in the system to keep the asset in good
condition.
Management of public
sector banks want to earn profit by exploitation of their workforce and this
is why they have stopped recruitment inspite of large scale. expansion of
branch network. They do not
like to promote real performers and this is why
top executives who mostly are in charge of big branches and who sanction
high value loans are responsible for abnormal rise in bad assets in these
banks. Officers are promoted to top cadre but the health of
branch or bank is going from bad to worse.
Government will have
to make adequate step to ensure that adequate manpower is provided in all
branches and corrupt top ranked officers are immediately punished even if he
or she is ED or CMD of a bank.
If more than 25 % of Branch Managers in a region do not perform , it means
Regional Head is incompetent , If most of regional heads are failing in
their performance , Zonal head or central office level officers are failure
in their task and hence they must be taken to task in the same way these
Regional Head or Zonal Head punish Branch Head of Branch officers for non
performance.
Lastly I would like to ask, whether
bankers can blame global recession for loss of more than twelve
thousand crore of rupees in last three years in frauds?
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