Mr. L.K.Advani is reaching out to the Youth with a Live Chat Forum of his own ..would you like to ask a question to him ...??
Companies like Satyam and Maytas are numerous in all areas of life. We have seen Harshad and Ketan Parikh. We have seen the fate of Chara Ghotala and Stamp scam. There is no doubt that when banks balance sheet is scrutinized in depth and banks assets are assessed in the framework of good performing assets, most of PSU banks and SBI will face negative net worth, worse than Satyam. After collapse of Global Trust Bank it was expected that government and SEBI will come out of deep slumber and set right the functioning and reporting system of Banks, but the situation instead of improving, health of banks is going from bad to worse. It will not be exaggeration if one says that more than fifty percent of declared good assets will turn to be Non Performing asset and a s a consequence capital of all banks will be extinguished in making provisions. SEBI may start investigation from two or three top ...more