Strives to highlight the loopholes in the banking and financial system and the possible remedies which, if adopted, can save the nation from the losses caused by such loopholes. In this book, the author has tried to dig deeper into many important issues pertaining to the NPA problems like aspects of recent hullabaloo on loan moratorium, public sector banks (PSBs) recapitalization issues, analysis of reasons of build-up of NPAs (due to economic and delayed banking sanctions), problems of written-off loans The tiff between the central bank and the Government of India (GoI) which are very apt regarding the NPA issues plaguing the Indian banking sector. The book provides an eloquent background and analysis of how and why such NPAs or apparently good-looking loans turned bad. A broad objective of the book is to put forward a simple question: What is the justification from the banker’s and depositor’s point of view who are suffering hardships in getting back their hard-earned money despite not committing any fault? The primary purpose of this book is to highlight the loopholes in the entire system and to recommend possible remedies
Vipin Malik is chairman and mentor of Infomerics Ratings, elected trustee of India International Centre (2015-2017), member of various committees, chairman of house committee and was elected executive member (2005-2007, 2009-2011), was member of Narsee Monjee Institute, Mumbai. He is practising chartered accountant and was awarded certificate of merit by Institute of Chartered Accountants of India. He served on the boards of Reserve Bank of India and Bharatiya Reserve Bank Note Mudran Private Limited-Currency Printing and SEBI Advisory Committee on Venture Capital and National Shipping Board, Canara Bank, J&K Bank, IFCI, UTIIAS (was US listed company) and sectors like petrochemicals, media, fertilizers, infrastructure, power, steel, automobile, banking and finance, cement, etc., and selected CEOs of institutions. At the international level, he was attached to the Industrialization Fund for Developing Countries (IFU), Denmark; ING-Singapore to assist in USA/Europe/Asia capital markets; and other international banks as an advisor. He is writing and appearing regularly as expert in print and electronic media on withdrawal of legal tender status of bank notes of `500 and `1000 demonetization, black money, cash transactions and ghost economy. He is a TV commentator and appears on shows concerning corruption in public, union budget, corporate accountability, money laundering and tax havens, commerce, disinvestments, and provides ‘expert comments’ on public interest/regulatory institutions. He is writing articles/columns in reputed national dailies and professional journals on economic and financial intelligence. He is president of India Political Center, a society with objects and aims to undertake study on modern governance and responsible democracy, assessments of politicians, governments’ successes and failures during their governance, and for encouraging art and culture research.
