A clever executive (barring a few exceptionally honest ones ) sanctions loans to right or wrong persons and achieve the target to get quickest elevation in career, to get bribe from loan taker and to get incentive from Government of India . By the time his bad loans sanctioned by such officers are declared as bad, new executive takes charge, he gets incentive from GOI for recovery of loan, from borrower for sacrificing interest and write off of part of dues and lastly elevation in career. So far as bad borrowers are concerned, they know the art of getting loan sanctioned by bribing bank officials, they know the art of keeping the account healthy even if the account is fit for treating as bad, he knows the art of getting relief from bank if his account is treated as NPA . He remains in win win position along with bank executives. It will be wise and better on the part of the government if GOI recovers the amount of entire incentive paid on recovery of bad loans from those officials who were involved in sanction of loan to bad borrowers ( avoiding cases of those bad loans which became bad due to unavoidable circumstances and due to acceptable reasons. importantbankingnews.blogspot.in/2013/08/cmd-of-public-sector-bank-will-get.html
Posted on: Fri, 16 Aug 2013 01:51:18 +0000
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