IBA CIR 11025 DT 24 3 22 Fitment charts for 11th Bipartite & 8 Joint Note.pdf
Shrinivas Parkar
Honourable ‘Niti Aayog’ had recommended Privatisation of PSU Banks in view of huge losses suffered by PSU Banks, from the years 2015-16 to 2019-20. The main reason for losses of PSU Banks is poor recovery in NPA Accounts. In turn, the major reason for any Borrower Company becoming NPA is the inability of such Borrower Company to recover its dues from its Debtors. Many times, even the recovery is effected by a NPA Borrower Company from its Debtors, these funds do not come to Banks in settlement of Bank’s Dues.
I suggest that Banks may use their Retried Workforce as “MANAGERS to the Business of NPA Borrower Companies”. The Owner of the Borrower Company may be removed from the Management of NPA Borrower Company and this Retried Staff as “MANAGER to the Business of NPA Borrower Company”, with the help of existing staff of the Borrower Company, may try to recover the Borrower Company’s Dues form its Debtors by various means and transfer this recovery directly to the Banks in settlement of Overdues of NPA Borrower Company. Further such “MANAGER to the Business of NPA Borrower Company”, may take effective steps to Sell Surplus Assets of the NPA Borrower Company, which also may go directly to Bank towards its Recovery.
SARFAESI Act contains a Provision to ‘Take over Management of NPA Companies’. I think that so far the Banks have not effectively used this Provision of SARFAESI Act.
A Poem for Gratitude towards my Mother Bank
BOI, you are my Loving Mother,
How I may Repay your Debt?
My last Birth's Good Deeds were there, that you adopted me.
You gave me Accommodation at Nominal Rate of Interest.
By your Assistance only the Home got decorated
By your Grace, Children groomed and now stood on their own foot.
During my Illness, you extended your Helping Hand,
By your assistance, I travelled all over India with Family
Now, I do not have your Direct Contact,
But at every last day of Month, I wait for you,
And you feed me Dose of your Love.
BOI, you are my Loving Mother,
How I may Repay Your Debt?Visit our blog site http:://bankpensioner.blogspot.com
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saradindu basu
Sent: Tuesday, March 29, 2022 8:52 AM
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Subject: bankpensioner Gratitude to my Mother Bank
Debasish Mukherjee
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From: saradindu basu <saradin...@hotmail.com>
Sent: Tue, 29 Mar 2022 15:53:49 GMT+0530
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Visit our blog site http:://bankpensioner.blogspot.com
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