Comments by "M Shastri" (@libshastra) on "Modi Govt reveals bank NPA, write off u0026 recovery data in LS u0026 lists 50 biggest willful defaulters" video.

  1. RBI should make banks (both public and private) publish their gross outlays and NPAs in their quarterly results. I don't think any Private Bank publishes it. We shouldn't have to wait on an MP's question in Parliamentary session for such information.
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  2. I'm disappointed at the bills that have been left out from this session. DESH, Electricity Amendment Bill, Decriminalization Bill are missing from the House agenda. The limited discussion on UCC and Collegium was insightful.
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  3. IBC needs help. The tribunal is back to old habits of the regular judiciary. Tariq pe Tariq and poor judgements. The judges need a little reminder of their role in the tribunal.
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  4.  @WorldAffairsInEnglish  1. I have a hard time believing banks can't do it. Every bank in the Western world publishes their NPA in their results. 2. Concall is a poor excuse to not publish it in text. Sorry not acceptable especially in this data centric world 3. Good on MPs but bad on RBI for not pushing for better transparency. 4. Expand your horizons, learn from the world around you rather than trying to be a smart ass.
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  5.  @dipmalyagantait4716  I don't disagree but time to resolution is getting longer and longer. That's not a good sign. Case load is increasing, wait times for initial proceedings is increasing. It does not indicate NCLT and NCLAT are in good health. These are things the Law Minister should tackle but Judiciary tied his hands with Collegium system.
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  6. Well it won't figure in the bank balance sheet. Typically Govts promises to pay bank in exchange for a waiver. In reality though, State Govts don't pay and forces Centre to recapitalize the banks. Private banks typically avoid farm programs loans. Business loans provides that level field to compare performance between PSUs and Private banks.
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  7.  @tarunkaushik1635  it helps a particular section of society and not all of them. JAM helps all and the benefits are tangible.
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  8.  @omkarchauhan7675  not every private bank discloses their NPAs (None on a quarterly basis). Co-op banks are some of the worst.
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  9. The more said the better. Folks still think it's some magic era. We need to break that illusion
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  10.  @garyish  I don't disagree with you. I only meant "helps particular section of society" in terms of tangible direct benefits which it does. Second order effect is, it makes the economy more healthier. Explaining that requires an more educated voters - maybe in 10 years when the income pyramid flips, the second order impact of IBC will become intuitive for the average voter.
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  11. Good to know. Someone's reading RBI notices.
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  12. Of course the loan amount would be greater than the value of the house. You don't have credit history that the bank assess your discipline to pay in time.
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  13.  @bigfigher  I think you need some serious education. You can't contribute, you keep calling everyone Bhakt and you call yourself some fighter. Maybe quit the comment section and read some economics book.
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  14. There used to be a huge machining plant owned by Kalyani group in my neighborhood. That unit had run into bankruptcy issued in the late 80s thanks to labor issues. Court order sealed the premises and the plot lied vacant for more than a decade. The PSU Bank that lent Kalyani that loan had to force a write off thanks to the constantly adjourned court case. The Bank could not touch the property and restructure the business. Kalyani managed to sell the plot to a developer and demolished the structure and scrapped the machinery. PSU Bank couldn't get the money from the sale since it was not part of the collateral deal. Kalyani used the money to setup a new maching plant in some other state. That was the state of affairs before IBC. BTW the court case is still unresolved, most of the counter party is dead.
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  15.  @ThePrintIndia  I think Autocorrect ruined your response 😂😂
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  16.  @smd4051  of course every investor cared about NPAs. But Investors also wrote off any chance of recovering money from the NPA before IBC.
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  17. Talking about NPAs, NCLAT and NCLT are not in good health right now. Govt ammended IBC code but to fix some of the issues but the ultimate solution lies in fixing the tribunal procedures. Maybe consider doing an episode on the health of NCLT and NCLAT.
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  18. Our taxes never make sense. Babus come with some of the most bizarre ways to collect tax
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