NPA is a well-planned scam with the active knowledge of Bank officials, RBI etc. RBI conducts periodical inspection in all banks. Is it not including checking the adequacy of the security against loan? If so what they are checking while bank inspection. This is not a new issue. Even in the middle of 1990s, I pointed out many such NPA scams while I audited the Government part of the loan schemes administered by banks when I inspected the Deposit Insurance and Credit Guarantee Corporation (DICGC), a wholly owned subsidiary of the Reserve Bank of India. But all are ‘R.I.P.’ in the cupboard of CAG of India. I am nearing completion of the second part of my book, "A FRAUD IN THE INDIAN CONSTITUTION" in which a detailed account would be incorporated on the modus operandi of the scam of bad loans (NPA) thereby sucking the financial health of the country by certain people to become rich.
To read free part of my book (autobiography) ‘A FRAUD IN THE INDIAN CONSTITUTION’, go to the below link and click “LOOK INSIDE” button: http://www.amazon.in/FRAUD-INDIAN-CONSTITUTION-M-P-JOSEPH-ebook/dp/B00SQKTADY/
To know about my Blogs, Pages etc. go to my web: www.manjaly.net