gattaca Posted February 27, 2018 Share Posted February 27, 2018 (edited) 2 hours ago, vvvslaxman said: You gotta blame both the governments for a big oversight of this. But there are some elements in PNB at the top let this happen knowingly. How can government take care of everything. Blame should be with banks too. No oversight really ? Also what can government do if the banks don’t even know how to balance the books. Edited February 27, 2018 by gattaca Link to comment Share on other sites More sharing options...
Singh bling Posted February 27, 2018 Share Posted February 27, 2018 2 hours ago, Sachinism said: Blame the banks. Pure and simple. Time after time, same old story. They knowingly allow this **** to happen as it benefits them in the short term. When they get caught out or have their pants pulled down the sympathy card and begging bowl come out. And you really think Bank grant loans and don't take action without political influence?? BTW the same PNB received not 1 but 3 awards from central vigilance commission for "Outstanding Achievement in Timely Completion of Disciplinary Proceedings". Link to comment Share on other sites More sharing options...
vvvslaxman Posted February 27, 2018 Share Posted February 27, 2018 2 hours ago, gattaca said: How can government take care of everything. Blame should be with banks too. No oversight really ? Also what can government do if the banks don’t even know how to balance the books. No they cannot. But being this is a public sector bank (2nd largest) government has lot of stake here. So there ought to be some control over their transactions. Especially huge transactions. Yes that is just an oversight. Real culprit is bank and bank only. They are at fault. Link to comment Share on other sites More sharing options...
mishra Posted February 28, 2018 Share Posted February 28, 2018 12 hours ago, vvvslaxman said: No they cannot. But being this is a public sector bank (2nd largest) government has lot of stake here. So there ought to be some control over their transactions. Especially huge transactions. Yes that is just an oversight. Real culprit is bank and bank only. They are at fault. Public or Private doesnt matters. At the end of day the money in these banks belongs to people of India. This is clear case of failure on part of Indian banks Regulatory Authority Oops Sorry, there is no regulatory authority for Financial Services in India. PS: Someone who understands this says in simple terms, RBI recently made some amendments to guidelines like Banks CAN NOT give more loan so that people can keep up with interest repayment and hence so many NPA's and dodgy deals getting exposed. Link to comment Share on other sites More sharing options...
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