WEEKEND LIGHTER: Non-Performing Private Sector
WEEKEND
LIGHTER*: Non-Performing Private Sector
(May 13/14, 2017, No.20/2017)
Feel free to mail your views okn this
edition of WL to mgwarrier@gmail.com
*Posted at www.warriersblog.com every Saturday.
*Posted at www.warriersblog.com every Saturday.
Section III: Leisure: Karna and Krishna
I
Cover Story
Non-Performing Private
Sector*
This refers to Anup Roy’s piece “Bad
loan crisis shows signs of subsiding, says analysts” (Business Standard, May
11). Public sector banks continue to remain the whipping boy for the
non-performance of assets created in the private sector. All through, the
comparisons have been the percentages of gross and net NPAs accumulated in
‘public’ and ‘private’ sector banks. Rarely one reads anything about the
context of formation of State Bank of India, Bank Nationalization, current
business mix or share in banking business held by the two categories of banks.
Remember, both categories of banks are sourcing their resources from public deposits
and are serving the same clientele.
Stricter and prudent
classification of stressed assets at the instance of RBI doesn’t change the
health of such assets. If PSBs are to continue to perform the role expectations
of nationalization, they need a level playing field in choice of clientele,
area of operation, sectors to be financed and more importantly in managing HR
related issues including recruitment and compensation packages of staff. If some un-remunerative or loss-making
sectors including agriculture or social sectors have to be financed by banks
for policy reasons, they should be identified by GOI and entrusted to banks for
financing on mutually agreed terms, which will include compensation for losses.
Here the criterion should be specialization in work and not a differentiation
between public and private sector banks.
Major portion of the so called "stressed
assets of banks" are in the private sector, and all of us continue to
blame the banking regulator and the Public Sector Banks which are abused as
conduits for mobilization of deposits from the public and transferring the
public resources to private hands by design. If citizens decided to keep their
hard earned savings only with the trustworthy, reliable private sector banks(In
sum this is the impression analysts are trying to build up in the minds of
depositors!) only, how public sector banks will misuse public funds?
Let us ponder over,
contemplate and come out with views. Taking this debate forward will be in
public interest.
M G Warrier, Thiruvananthapuram
*Business Standard, May 12,
2017, Letters: “Level playing field”
II
Recent
responses
Online comments:
I'm not an RTI Activist and therefore am not very conversant
with the expectations of RTI activists. From what I read in the media, I find,
some of the RTI queries seek information which can cause problems in the smooth
functioning of organizations concerned. There needs to be some
broad contours of self-discipline on the part of information-seekers when they
approach defence, financial and medical organizations. Abuse of RTI Act can end
up in weakening the cause expected to be met by the Act. In the case in
question, RBI's accounting practices are really transparent and seeking
documents like "all details of deliberations" that preceded
Demonetization may affect future policy discussions.
M G WarriernMl_
M _
Economy
in words
This refers to the report “Wrong
choice of words can create big news: Panagariya” (Business Standard, April 28).
In Malayalam there is a saying that ‘four men may agree, but no two women will
agree’, but that was the position long back! Remembered when thought of a
situation now when “four politicians may agree, but no two economists will have
the same view”.
Otherwise,
how one can explain the following:
a)
Post-Demonetization observations by
Manmohan Singh, Amartya Sen, Raghuram Rajan, Dr Y V Reddy and Arvind
Subramanian, some of which were made
controversial later.
b)
Positions now being taken by members of
NITI Aayog on agricultural income. What’s wrong in having a debate on managing
country’s resources? How long real issues can be swept under the carpet, just
because they are politically sensitive?
Caution about choice of words coming from celebrity
economists may stifle open healthydebates on current issues. After all, did we
not accommodate two consecutive Economic Surveys which fancied into unchartered
territories while talking about resources management?
M G Warrier, Thiruvananthapuram
*Business Standard, May 1, 2017, Letters
Private banks’ market share
This
refers to the report “A lot of PSB business is now coming Private Banks’ way”
(Economic Times, April 28). It will be really great, if private sector banks
shift their growth focus from ‘market capitalisation’ to market share in
banking business. In fact private banks’ share in banking business has been stagnating
at a below 30 per cent while they scored well on several other growth and
health parameters.
A
real competitive comparison of performance of private and public sector banks
can happen only when they have a level playing field in business growth and
penetration to sectors like small and rural/agriculture loans as also
administrative autonomy in managing their affairs within the regulatory
framework.
M G WARRIER, Mumbai
Tamper-proof EVMs
Apropos
V Rishi Kumar’s report “EVMs are tamper-proof, says maker ECIL” (HBL, April
28), one finds comfort in the reassuring words of Debashish Das, CMD,
Electronic Corporation of India Ltd (a PSU) printed side by side with the
report “Uttarkhand High Court sends notice to poll panel over EVM ‘tampering’”
filed by PTI.
The
message is loud and clear. The EVMs are meant to be tamper-proof and are
produced and handled with utmost care. Where allegations surface, government
and judiciary are willing to probe and make efforts to make corrections and use
higher levels of technology to preserve trust in the system. This is the
takeaway from the Election Commission’s move to try Voter Verifiable Paper
Audit Trail (VVPAT) units in future elections and the judiciary’s earnest
efforts to probe into the allegations brought to notice quickly and in a
transparent manner.
M G Warrier, Thiruvananthapuram
III
Leisure
Karna
and Krishna*
The best conversation
between two characters from Mahabharat:
Karna asks Krishna -
"My mother left me the moment I was born. Is it my fault I was born an
illegitimate child? I did not get education from Dhronacharya because I was
considered a non Kshatriya. Parshu-Raam taught me but then gave me the curse to
forget everything since I was a kshatriya. A cow was accidentally hit by my
arrow & its owner cursed me for no fault of mine. I was disgraced in
Draupadi's swayamvar. Even Kunti finally told me the truth only to save her
other sons. Whatever I received was through Dhuryodhana's charity. So how am I
wrong in taking his side?"
Krishna replies, "Karna, I was born in a jail. Death was waiting for me even before my birth. The night I was born I was separated from my birth parents.
From childhood you grew up hearing the noise of swords, chariots, horses, bow and arrows. I got only cow herd's shed, dung, and multiple attempts on my life even before I could walk!
No army, no education. I could hear people saying I am the reason for all their problems.
When all of you were being appreciated for your valour by your teachers I had not even received any education. I joined gurukula of Rishi Sandipani only at the age of 16!
You are married to a girl of your choice. I didn't get the girl I loved & rather ended up marrying those who wanted me or the ones I rescued from demons.
I had to move my whole community from the banks of Yamuna to far off Sea shore to save them from Jarasandh. I was called a coward for running away.
If Dhuryodhana wins the war you will get lot of credit. What do I get if Dharmaraja wins the war? Only the blame for the war and all related problems.
Remember one thing Karna. Everybody has challenges in life. LIFE IS NOT FAIR ON ANYBODY. Dhuryodhan also has a lot of unfairness in life and so ha Yudhhishthir.
But what is Right (Dharma) is known to your mind (conscience). No matter how much unfairness we got, how many times we were disgraced, how many times we were denied what was due to us, what is important is how you REACTED at that time. Stop whining Karna.
Krishna replies, "Karna, I was born in a jail. Death was waiting for me even before my birth. The night I was born I was separated from my birth parents.
From childhood you grew up hearing the noise of swords, chariots, horses, bow and arrows. I got only cow herd's shed, dung, and multiple attempts on my life even before I could walk!
No army, no education. I could hear people saying I am the reason for all their problems.
When all of you were being appreciated for your valour by your teachers I had not even received any education. I joined gurukula of Rishi Sandipani only at the age of 16!
You are married to a girl of your choice. I didn't get the girl I loved & rather ended up marrying those who wanted me or the ones I rescued from demons.
I had to move my whole community from the banks of Yamuna to far off Sea shore to save them from Jarasandh. I was called a coward for running away.
If Dhuryodhana wins the war you will get lot of credit. What do I get if Dharmaraja wins the war? Only the blame for the war and all related problems.
Remember one thing Karna. Everybody has challenges in life. LIFE IS NOT FAIR ON ANYBODY. Dhuryodhan also has a lot of unfairness in life and so ha Yudhhishthir.
But what is Right (Dharma) is known to your mind (conscience). No matter how much unfairness we got, how many times we were disgraced, how many times we were denied what was due to us, what is important is how you REACTED at that time. Stop whining Karna.
Life's unfairness does
not give you license to walk the wrong path of अधर्म.
Source: A forward from my
friend Rangasayee
My VIEW:
Really
Great. Thank God I lived to read this (no, I'm not joking). True, I have been
trying to be positive in a negative crowd. Still, knowing that, like me,
Krishna was also keeping a count of the extent of injustice around, while
smiling and living a life that others thought, he enjoyed all through, and
could remain victorious
whichever
side he took, is a revelation.
How
sad, I couldn't get Krishna's comments on www.warriersblog.com.
He
would have patted on my back, as SS Tarapore used to, till end January 2026!
Of
course, thanks to Keshav, I'm still in almost daily contact with Krishna and
thanks to friends like Rangasayee, Badri, Nallasivan, Jayakumar,
Chittananandam, Vathsala Madam and many others, I regularly get my quota of
encouragement. My regret is, when and how, I will pay back all these debt! Hope
my borrowing of Goodwill and appreciation do not become NPA too soon,
necessitating any amendment to the Act.
M
G Warrier
Next week: Aadityahridayam
Comments