Sri Guruvayupuresa Pancharanta Stothram

Full Event: PM Modi offers prayers at Guruvayur temple in Kerala

NON PERFORMING ASSETS

• https://en.wikipedia.org/wiki/Non-performing_loan
• Worldwide, the most common and successful approach towards NPL management is the establishment of Asset Management Companies (AMC).
  • Corporate Governance
  • Better credit information to cut down on fresh NPLs
  • Prudential Supervision
  • Efficient, capable management
  • Well developed capital markets that can offer the mechanism and liquidity required to write off bad loans
  • Securitization
•  These companies use public or bank funds to remove NPAs from the bank books.
•  For example, the Korea Asset Management Corporation purchased as much as 80% of bad loans at market rate following the Asian crises. Now, there are several proactive measures that are being implemented:
• FROM THE START:
• HOW A LOAN IS GRANTED,UNDER WHAT TERMS AND CONDITIONS?
• FOR HOW LONG THE LOAN IS GRANTED?
• WHO WERE ALL INVOLVED IN THE PREPARATION,FINANCIAL FEASIBILITY STUDIES, PROPERLY SUPERVISED  BY OFFICERS IN PERSON, WHO ALL APPROVED THIS PARTICULAR LOAN.
• HAVE THE LOANS BEEN GIVEN IN GOOD FAITH AND WITHOUT NEGLIGENCE????
• DID THE OFFICIALS  PRACTISED ANY BACK DOOR TACTICS?
• THE BANK MANAGERS, THE OFFICERS, THE PEOPLE WHO PREPARED THE FEASIBILITY STUDIES(FOR THE SAKE OF PERSONAL GAINS) ALL TO BE TAKEN TO TASK AND THEIR PERSONAL ASSETS ARE TO BE INVESTIGATED.
• EVEN THE CONTINUOUS REGULAR AUDITORS ARE TO BE HELD RESPONSIBLE FOR THE NPA.
• LOANS WHEN DISBURSED THE FOLLOW UPS IN THE PROPER WAY AT REGULAR INTERVALS WHETHER IT HAS BEEN DONE MUST BE IN WRITING AND WITH THE PERSONS WHO FOLLOWED UP.
• WHAT RIGHTFUL ACTION IS TAKEN MUST BE REPORTED TO A FINAL AUTHORITY DIFFERENT FROM WHAT THEY ARE NOW.?
• DEPOSITORS MONEY AND SHAREHOLDERS MONEY IS AT STAKE BY THE CARELESS  AND NEGLIGENT MANAGEMENT.
• WHY FROM THE START THIS IS NOT PROPERLY DONE?
• WHO HAS TO ACCEPT THE RESPONSIBILITY???
• THE GAME IS PLAYED. THE BALL IS PASSED FROM ONE TO ANOTHER.
• THERE IS NO ONUS OR  LIABILITY ON THE PART OF THE SANCTIONED OFFICIALS.
• CHECK ALL THE PERSONAL ASSETS OF THE BANK MANAGERS WHO SANCTIONED THESE LOANS.
• SINCERITY AND INTEGRITY IS ALSO QUESTIONABLE OF THE PERSONS INVOLVED IN THE INCREASING OF THE NPA.
• WHAT IS THE TOTAL AMOUNT OF NPA OF THE BANKS PORTFOLIO( ALL BANKS REPORT)?
• What are the reasons for NPA?
  As per RBI inputs, the primary reasons for spurt in stressed assets have been observed to be, inter-alia, aggressive lending practices, wilful default / loan frauds / corruption in some cases, and economic slowdown.Jun 24, 2019

• ECONOMIC SLOWDOWN CAN BE 
• UNDERSTOOD, BUT NOT THE 
• CORRUPTION AND MALPRACTICES.
• WHO ARE INVOLVED IN THE LOAN 
• FRAUDS ARE TO BE CHECKED THEN 
• AND THERE AND SEVERE ACTION 
• MUST BE TAKEN DISMISSING AND 
• REMOVING HIM FROM THE POSITION.
• WIL-FUL DEFAULT  IS ANOTHER 
• MAJOR
• FACTOR. EVERYONE IS INVOLVED 
• IN THIS FOR PERSONAL GAINS. AND
• WHICH AMOUNTS TO CHEATING.

• What is the meaning of NPA in banking?

  Definition: A non performing asset (NPA) is a loan or advance for which the principal or interest payment remained overdue for a period of 90 days. Description: Banks are required to classify NPAs further into Substandard, Doubtful and Loss assets. 1.

• WHY HAVE THEY BECOME SUBSTANDARD???
• WHY HAVE THEY BECOME DOUBTFUL??
• WHO WERE ALL RESPONSIBLE FOR THESE KIND OF 
• SITUATIONS?
• IF ALL THE NECESSARY AND CARE AND ATTENTION
• HAVE BEEN TAKEN TO COLLECT AND FOR VALID 
• REASONS THE LOAN COULD NOT BE COLLECTED
• THEN THAT CAN BE ACCEPTABLE.
• IF THE LOAN WAS RS. 100000  AND RS.10000 DUE MAY BE
• ACCEPTED AS BAD AND CAN BE WRITTEN OFF.

Know more about Interest on Loans

1. https://rbi.org.in/Scripts/BS_ViewMasCirculardetails.aspx?id=9043
2. https://rbi.org.in/Scripts/BS_ViewMasCirculardetails.aspx?id=10518
3. https://rbi.org.in/Scripts/Righttoinfoact.asp
4. INTEREST NOW IS BEING CHARGED ON A WEEKLY BASIS BY SOME INSTITUTIONS AND THE BANKS HAVE STARTED CHARGING ON A MONTHLY BASIS.
5. THIS AMOUNTS TO PRACTICE OF THE PRIVATE MONEY LENDERS AND WHAT THE LAW SAYS IS TO BE CHECKED.
6. DOES IT AMOUNT TO THE BASIS OF THE SIMPLE INTEREST OR COMPOUND INTEREST?
7. WISH THE AUTHORITIES CONCERNED TO HAVE A LOOK IN THIS MATTER AND SAVE THE FACE OF THE BORROWERS.

Money lenders

1. https://en.wikipedia.org/wiki/Moneylender
2. http://indiatoday.intoday.in/story/village-money-lenders-continues-to-be-an-indispensable-source-of-credit/1/348123.html
3. There must be one law for the whole of India towards lending money on interest. on loans, debts, and there must be a limit .Now the rate goes to 2.5 to 3 p.c and sometimes compounded and charged on a daily basis.
4. Such things are done in the banks, and other financial institutions and the common man and gullible people are taken for a ride.
5. Why the common man and layman suffer because of these people and institutions?
6. They offer you a loan of Rs,1000/ and they take Rs. 100 in ADVANCE and give only Rs. 900/-  repayable every Saturday  by 10 instalments.
7. You can find out the interest rate by calculating.
8. The lender will visit and collect the instalment surely.
9. such things are prevalent in every nook and corner.
10. I wish the Central Govt takes this matter as urgent and pass   one law for the whole of India.
11. If given a chance and the loop hole and opportunity this can go even up to 50 or 75 percent too.

Know about Credit Cards

1. http://www.rediff.com/getahead/report/money-11-credit-card-charges-you-probably-dont-know/20150325.htm

Money Lenders Act

1. https://www.legalcrystal.com/act/137141/tamil-nadu-money-lenders-act-1957-complete-act
2. https://www.legalcrystal.com/act/136046/the-bombay-money-lenders-act-1946-complete-act
3. http://dpal.kar.nic.in/pdf_files/12%20of%201962%20(E).pdf