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Memories of Another day

Memories of Another day
While my Parents Pulin babu and Basanti devi were living

Monday, January 25, 2016

What is bad loan?Would the law of the law and law enforce agencies on the land allow any one from the peasantry,working class or anyone form small and medium business and industry to digest the loan?Never!Had it been so,thousands of Indian farmers per year countrywide would not seek liberty in death.The suicide tsunami is the current real time social realism of freem market economy under Manusmrit rule of Fascism plus zionism! All bad loans mean FREE Gift for the Billionaire club on feast of blood,bones and flesh of the ninety nine percent all on the name of development,growth and inclusion.Lacs of crores forgone per year in the budget and taxation is overloaded on us,we the common people irrespective of those bloody identies forwhich we always stand divided to be the victim of eternal partition and ethnic cleansing,violence and holocaust! All these bad loan is the result of corporate funding in politics and the hegemony obliged to sacrifice the PSU Banks and its employees as well as


What is bad loan?Would the law of the law and law enforce agencies on the land allow any one from the peasantry,working class or anyone form small and medium business and industry to digest the loan?Never!Had it been so,thousands of Indian farmers per year countrywide would not seek liberty in death.The suicide tsunami is the current real time social realism of freem market economy under Manusmrit rule of Fascism plus zionism!


All bad loans mean FREE Gift for the Billionaire club on feast of blood,bones and flesh of the ninety nine percent all on the name of development,growth and inclusion.Lacs of crores forgone per year in the budget and taxation is overloaded on us,we the common people irrespective of those bloody identies forwhich we always stand divided to be the victim of eternal partition and ethnic cleansing,violence and holocaust!

All these bad loan is the result of corporate funding in politics and the hegemony obliged to sacrifice the PSU Banks and its employees as well as the people of this false democracy!

Palash Biswas

Jan 25 2016 : The Economic Times (Kolkata)
At Davos, FM & Rajan Focus on Facts


At Davos, RBI Governor Raghuram Rajan spoke in measured tones about the economy's actual state and how India should avoid getting complacent. FM Arun Jaitley, meanwhile, used his meetings with foreign CEOs to project India as an attractive destination, reports R Sriram.

It's the country's super rich, businessmen and the upper middle class with loan amounts of over Rs 1 crore who account for a staggering 73% of the unpaid loans to banks.
What is worse is that just the top 30 cases of default account for a Rs 1.21 lakh crore, which is almost 40% of the Non Performing Assets (NPAs) in banks. The upper middle class, who usually takes loans of over Rs 1 crore, accounts for 33% of the total NPAs.


Jan 25 2016 : The Economic Times (Kolkata)
RBI Seeks Rs 26,000 Crore More for Capital Infusion
Dheeraj Tiwari & Saikat Das
New Delhi | Mumbai


CASH CALL Central bank says rising pile of bad loans may necessitate more funds to be injected into state-run banks by 2018; higher allocation likely in Budget
The Reserve Bank of India has sought an additional ` . 26,000 crore from the government to be injected into state-run banks by 2018, pointing out that current capital pledges may be inadequate because stressed assets have swelled.

"The government may announce an increased amount in the Budget itself," said a senior government official aware of the deliberations. Finance Minister Arun Jaitley will unveil the Budget at the end of February .

So far in this fiscal, the government has spent Rs 20,000 crore on bank capitalisation and will infuse another Rs 5,000 crore before March. The government has pledged Rs 70,000 crore toward this end until FY19; Rs 25,000 crore of this in the next fiscal year.

Jaitley had said last week that more is likely to be done on the bank recapitalisation front.

"We have announced the programme and we probably will have to add to that programme," Jaitley said at the World Economic Forum in Davos.

The Reserve Bank has informed the government about the additional capital that will be needed by state-owned banks until 2018 as part of implementing Basel-III standards, a spokesperson said in an email in response to ET's queries.

"Based on the deterioration in the quality of assets of banks, including PSBs (public sector banks), they are required to make adequate provisions based on Income Recognition and Asset Classification norms prescribed by the Reserve Bank. If a bank's profitability is insufficient, it may need capital to meet that provision," the spokesperson said, adding that each bank has to make this assessment.

RBI has been pushing banks to clean up balance sheets and make adequate provision for bad loans. As per finance ministry data, gross non-performing assets (NPAs) of PSBs increased by 25.19% to Rs 3.14 lakh crore at the end of September 2015 from Rs 2.5 lakh crore at the same time in the previous year.

ET had earlier reported that RBI had identified 150 companies where corporate debt restructuring had failed and shortcomings observed in the way banks had classified the loans.

It's the country's super rich, businessmen and the upper middle class with loan amounts of over Rs 1 crore who account for a staggering 73% of the unpaid loans to banks.
What is worse is that just the top 30 cases of default account for a Rs 1.21 lakh crore, which is almost 40% of the Non Performing Assets (NPAs) in banks. The upper middle class, who usually takes loans of over Rs 1 crore, accounts for 33% of the total NPAs.

Super rich defaulters push Indian banks towards collapse - What is worse is that just the top 30 cases of default account for a Rs 1.21 lakh crore, which is almost…

Super rich defaulters push Indian banks towards collapse - What is worse is that just the top 30 cases of default account for a Rs 1.21 lakh crore, which is almost…



Jan 25 2016 : The Economic Times (Kolkata)
RBI Seeks Rs 26,000 Crore More for Capital Infusion
Dheeraj Tiwari & Saikat Das
New Delhi | Mumbai


CASH CALL Central bank says rising pile of bad loans may necessitate more funds to be injected into state-run banks by 2018; higher allocation likely in Budget
The Reserve Bank of India has sought an additional ` . 26,000 crore from the government to be injected into state-run banks by 2018, pointing out that current capital pledges may be inadequate because stressed assets have swelled.

"The government may announce an increased amount in the Budget itself," said a senior government official aware of the deliberations. Finance Minister Arun Jaitley will unveil the Budget at the end of February .

So far in this fiscal, the government has spent Rs 20,000 crore on bank capitalisation and will infuse another Rs 5,000 crore before March. The government has pledged Rs 70,000 crore toward this end until FY19; Rs 25,000 crore of this in the next fiscal year.

Jaitley had said last week that more is likely to be done on the bank recapitalisation front.

"We have announced the programme and we probably will have to add to that programme," Jaitley said at the World Economic Forum in Davos.

The Reserve Bank has informed the government about the additional capital that will be needed by state-owned banks until 2018 as part of implementing Basel-III standards, a spokesperson said in an email in response to ET's queries.

"Based on the deterioration in the quality of assets of banks, including PSBs (public sector banks), they are required to make adequate provisions based on Income Recognition and Asset Classification norms prescribed by the Reserve Bank. If a bank's profitability is insufficient, it may need capital to meet that provision," the spokesperson said, adding that each bank has to make this assessment.

RBI has been pushing banks to clean up balance sheets and make adequate provision for bad loans. As per finance ministry data, gross non-performing assets (NPAs) of PSBs increased by 25.19% to Rs 3.14 lakh crore at the end of September 2015 from Rs 2.5 lakh crore at the same time in the previous year.

ET had earlier reported that RBI had identified 150 companies where corporate debt restructuring had failed and shortcomings observed in the way banks had classified the loans.

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