Business Standard

Monday, December 23, 2024 | 06:49 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Letters: A futile exercise

Full capitalisation is risky in India because here the 'wrong' bank managers are punished

Image
Premium

Business Standard
In the article, “Don’t dither on bank recapitalisation” (May16), T T Ram Mohan notes that chief executive officers (CEO) were replaced at several banks when the US government rescued them from non-performing assets (NPA) by investing $245 billion in one go. He advises the Indian government to appoint the “right people” as CEOs in banks and follow a similar path as the US government.
 
Full capitalisation is risky in India because here the “wrong” bank managers are punished, if at all, for corruption and not for their inefficiency or carelessness. Thus, the ratio of gross NPA to gross advances

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in