| Author | Message | ||
     Time_pass Side Hero Username: Time_pass Post Number: 5673 Registered: 06-2008 Posted From: 216.52.207.121 Rating: N/A |
Please clean up the mess sir alage ee banks ni kooda consolidate cheyali, inni avasarama? | ||
| Awara1984 Side Hero Username: Awara1984 Post Number: 2786 Registered: 12-2010 Posted From: 125.16.29.3 Rating: N/A |
Some promoters find ways to take out the equity as soon as the project gets going, so there really is no cushion when bad times hit," he told the audience at the Verghese Kurien memorial lecture at IRMA, Anand. "Lenders should insist on more real equity up front, and monitor the project closely to ensure it stays in. Promoters should not try and finance mega projects with tiny slivers of equity," Rajan said. Fixing legal loopholes in the financial system — which helps unscrupulous promoters game the system — will do a lot more to bring down borrowing costs than monetary policy actions, the RBI governor said. | ||
| Awara1984 Side Hero Username: Awara1984 Post Number: 2785 Registered: 12-2010 Posted From: 125.16.29.3 Rating: N/A |
The Governor lashed out at some large borrowers whom he held responsible for deterioration in banks’ credit profile, calling them “freeloaders” who enjoyed “riskless capitalism”. He expressed concern at how such borrowers have eroded the sanctity of the debt contract. Rajan said that the problem was not because of want of law but because of the way the system was making banks helpless when faced with promoters with deep pockets who can go beyond the debt recovery tribunals to the higher judiciary to fight their cases. “Faced with this asymmetry of power, banks are tempted to cave in and take the unfair deal the borrower offers,” Rajan said, adding, “how many large promoters have lost their homes or have had to curb their lifestyles despite offering personal guarantees to lenders?” Total write-offs in the last five years stood at Rs 1.6 lakh crore, he said. “… given the size of stressed assets in the system, there will be more write-offs to come,” he added. Mallya lantollani road ki idchaali | ||
| Awara1984 Side Hero Username: Awara1984 Post Number: 2783 Registered: 12-2010 Posted From: 125.16.29.3 Rating: N/A |
nuvvu velle lopu ee process ni streamline cheyyu desaniki manchi chesina vadivi avuthavu prathi labbe politician gaadu oka donga company pettadam ,deafault cheyyadam, loan denki tinadam ide saripotundi denemma company ega denkevi personal assets lo nunchi cut chesukovali first first infra companies ki pagalali | ||
| Awara1984 Side Hero Username: Awara1984 Post Number: 2782 Registered: 12-2010 Posted From: 125.16.29.3 Rating: N/A |
http://firstbiz.firstpost.com/economy/big-defaulters-better- watch-out-rbi-has-begun-the-clean-up-drive-110163.html |
