"IBC - INSOLVLENCY & BANKRUPTCY CODE "  A NEW INVENTION BY THE GOVERNMENT  IS AIMED AT ....

" ROB  PETER TO PAY PAUL"

THE  BANKING INDUSTRY IN OUR COUNTRY  IS THRIVING ONLY ON THE VAST MIDDLE CLASS CLIENTELE WHOSE VALUABLE SAVINGS  ( OVER 90%)  ARE CHANNELED  AND DISTRIBUTED AMONG THE  5%  BUSINESS / INDUSTRIAL TYCOONS...  

A KNOWN BLATANT TRUTH.....

ALL THE GOVERNMENTS - WITHOUT ANY EXCEPTION, HAVE BEEN THE "PROXIES" OF THIS 5%  "POWERS-THAT-BE"  WHO " TAKE CARE OF THE FINANCIAL NEEDS" OF THE PARTIES IN POWER " 

POOR BANKS HAVE NO MONEY .....

TO PAY INTEREST AT REASONABLE RATES TO THEIR DEPOSITORS....  - THE VAST MIDDLE CLASS!!!

POOR BANKS HAVE NO MONEY ....

TO PAY THEIR WORKFORCE A REASONABLE COMPENSATION AGAINST THE MOUNTING INFLATION TO ITS EMPLOYEES ..

THE PLIGHT OF THE BANK RETIREES IS STILL WORSE....
NO COMPENSATION AGAINST THE MOUNTING INFLATION FOR OVER TWO DECADES !!!!

BUT GLARINGLY !  THE VERY SAME BANKS HAVE BEEN PROVED TO BE RICH ENOUGH TO SHOWER  EXORBITANT  "CONCESSIONS / BENEFITS" MAGNANIMOUSLY  TO THE BUSINESS / INDUSTRIAL TYCOONS WITH INTENSIFIED  "ENTHUSIASM" !!!

WE THE BANK EMPLOYEES / RETIREES  AND THE VAST  MIDDLE CLASS BANKING PUBLI8C ARE THE REAL  LOSERS ULTIMATELY....... 

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 Borrower     Loandue     Resolved   Haircut   Purchase by 

                    Rs. Cr.         Rs. Cr.                                                            Alok Ind.        30,200         5,052      83%        Reliance                        Monetspat     11,478         2,892      75%        JSW                          Elec.Steel     13,958     .  5,320       62%       Vendanta
Jyoti Struct.     8,179        3,691        55%      HNIs                        Bhushanstl.  57,505      35,571        38%      TATA                                  Essar            54,000      42,000        23%     Arcell Mital 

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https://drive.google.com/file/d/1K4We-QnY3iKGmRTmBMvug2HW2tvGkGYK/view?usp=sharing

THE ABOVE IS ONLY A " TIP OF THE ICE BERG"

NO REFORMS IN THE BANKING SECTOR  WOULD GIVE ANY POSITIVE RESULTS WITHOUT INCULCATING FINANCIAL DISCIPLINE AT ALL THE LEVELS METICULOUSLY . -

"DISCIPLINE AND EFFICIENCY SHALL ALWAYS PERCOLATE DOWN THE HIERARCHY !

ONLY THE GOVERNMENT SHOULD OWN THEIR FAILURE.... "NO PASSING ON THE BUCK.."

With Greetings and Regards 

“|| यतो धर्मस्ततो जयः ||” IS THE ULTIMATE......
I remain - Yours, 

దేవులపల్లి శ్రీనివాస మూర్తి /Devulapalli Srinivasa Murti.                                                                                                                                             JUNE 06, , 2020 

VIJAYAWADA   521108 :: 9989318300

--
d s murti