T. R. Radhakrishnan

Non-Performing Asset (NPA) Resolution Plan A Wishful Thinking

Fema / RBI - Finance Minister Piyush Goyal said that the Government has accepted a report submitted by a committee of bankers led by Punjab National Bank Chairman Mr. Sunil Mehta to set up an Asset Management Company (AMC) for the resolution of loans. They will also set up Alternate Investment Funds to raise money to back the AMC....

Whither Decision Making In Banks?

Fema / RBI - The most important aspect in credit appraisal and assessment and monitoring in banking is the capacity of the sanctioning, monitoring, and reviewing authorities to take timely decision based on the performance of the past and the prospects of the future to meet the challenges of the present so as to prevent the account becoming Non-Perfor...

Management Of NPA- New Suggestion- An Old Wine In New Bottle

Fema / RBI - Recently Mr. Piyush Goyal, Finance Minister, announced setting up of a committee to give recommendations in two weeks on formation of an asset reconstruction company for faster resolution of stressed assets besides mooting the idea of BAD BANK. ...

The Great Jewel Scam. Is It System Failure?

Fema / RBI - The great jewel scam that is rocking the nation has opened up a Pandora Box on how the banks have become soft target for unscrupulous scam creators in connivance with the bank officials. It is apparent from the modus operandi of the operations that it is a systematic, well conceived and planned loot of the Indian Banking system....

The indomitable visionary Narendra Modiji- An epitome of a great leader: (A BIRTHDAY TRIBUTE)

Fema / RBI - What makes people react so spontaneously to whatever that this one and the only man does? No political leader worth the name in the entire nation draws so much attention than the controversial and mercurial personality called Narendra Modi. ...

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2G Judgement of Trial Court; Travesty of Truth and Justice

ED Vs. A. Raja (Delhi High Court) - The recent judgment of the Trial Court in the matter of 2G scam denotes yet another failure of the conscience and consciousness of the nation because it did not invoke enough strong protest from the general public. Political expediency should not be allowed to sabotage and suppress the truth and all...

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Recent Posts in "T. R. Radhakrishnan" | Total 29 Posts

Non-Performing Asset (NPA) Resolution Plan A Wishful Thinking

Finance Minister Piyush Goyal said that the Government has accepted a report submitted by a committee of bankers led by Punjab National Bank Chairman Mr. Sunil Mehta to set up an Asset Management Company (AMC) for the resolution of loans. They will also set up Alternate Investment Funds to raise money to back the AMC....

Posted Under: Income Tax | Articles

Whither Decision Making In Banks?

The most important aspect in credit appraisal and assessment and monitoring in banking is the capacity of the sanctioning, monitoring, and reviewing authorities to take timely decision based on the performance of the past and the prospects of the future to meet the challenges of the present so as to prevent the account becoming Non-Perfor...

Posted Under: Income Tax | Articles

Management Of NPA- New Suggestion- An Old Wine In New Bottle

Recently Mr. Piyush Goyal, Finance Minister, announced setting up of a committee to give recommendations in two weeks on formation of an asset reconstruction company for faster resolution of stressed assets besides mooting the idea of BAD BANK. ...

Posted Under: Income Tax | Articles

The Great Jewel Scam. Is It System Failure?

The great jewel scam that is rocking the nation has opened up a Pandora Box on how the banks have become soft target for unscrupulous scam creators in connivance with the bank officials. It is apparent from the modus operandi of the operations that it is a systematic, well conceived and planned loot of the Indian Banking system....

Posted Under: Income Tax | Articles

2G Judgement of Trial Court; Travesty of Truth and Justice

ED Vs. A. Raja (Delhi High Court) -

The recent judgment of the Trial Court in the matter of 2G scam denotes yet another failure of the conscience and consciousness of the nation because it did not invoke enough strong protest from the general public. Political expediency should not be allowed to sabotage and suppress the truth and allow the perpetrators of a crime to go unp...

Posted Under: Income Tax | Judiciary | All High Courts, Delhi High Court

The indomitable visionary Narendra Modiji- An epitome of a great leader: (A BIRTHDAY TRIBUTE)

What makes people react so spontaneously to whatever that this one and the only man does? No political leader worth the name in the entire nation draws so much attention than the controversial and mercurial personality called Narendra Modi. ...

Posted Under: Income Tax | Articles

Management of NPA: Who is Responsible for Account Becoming NPA?

Recently I have undertaken an assignment of dealing with the legal proceedings initiated by three nationalized banks under SARFAESI Act of a Corporate Company who are service providers to infrastructure projects initiated by the State Governments and Central Government and some of them are being financed by World Bank and Asian Developmen...

Posted Under: Income Tax | Articles

Management of non-performing asset (NPA) Perpetual self renewal programming (PSRP)

Various recommendations have been made by various study groups appointed by Government of India and RBI to arrest the incidents of accounts becoming NPA and circulars are being issued by RBI from time to time giving directions and guidance to banks and financial institutions on the steps to be taken to prevent slippage of NPA. ...

Posted Under: Income Tax | Articles

Recovery of NPA- Recovery with a Human Touch

Supreme Court of India in its judgment on In Olga Tellis vs. Bombay Municipal Corporation (AIR 1986 SC 180 AT 193) observed, The question which we have to consider is whether the right to life includes the right to livelihood. We see only one answer to that question namely that it does. ...

Posted Under: Income Tax | Articles

Management of Non Performing Asset (NPA) The Wilful Defaulter Syndrome

Reserve Bank of India introduced the scheme of wilful defaulter in pursuant of the instructions of Central Vigilance Commission during the year 1999 and subsequently modified as per the recommendations of the Working Group constituted by RBI in consultation with the Government in the year 2002....

Posted Under: Income Tax | Articles