Posted by: pire June 8, 2011
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I also think probably this Bhusal guy screwed up big time by investing alot in land. But many other promoters were simply taken for the ride.
Another example is Megha Bank. It has a thousand promoters each chipping in 1 million(or so I have heard), and a high flying CEO who rakes in 15 lakh per month (or so I have heard). If the bank screws up big time, trying to squeeze minor promoters is not going to be fair. In fact, most of the promoters tend to be ordinary people, trying to tag along influential chairmen/CEOs. In fact, more likely they are the true victim: they put money in industrialization of the country and paid price for that.
I just hate this Khatiwada guy (governor) because he is so ignorant and stupid. He makes speeches like a politician, changed rules too frequently, and I have read recently that he now wants Rashtra Bank to fix the interest rate. Does he even know what he is talking about? Is it because his economics is so poor that he has to resort to the theatrics?
I love to see bad bankers punished, but I hate to see ordinary shareholders punished. Also, we must maintain this 4-tier structure (big (i.e. commercial) banks, development banks, finance institutes and sahakari). We must have environment where big banks could be downgraded into others, and other institutes could be upgraded based on their performance. Market will take care of the rest.
Another example is Megha Bank. It has a thousand promoters each chipping in 1 million(or so I have heard), and a high flying CEO who rakes in 15 lakh per month (or so I have heard). If the bank screws up big time, trying to squeeze minor promoters is not going to be fair. In fact, most of the promoters tend to be ordinary people, trying to tag along influential chairmen/CEOs. In fact, more likely they are the true victim: they put money in industrialization of the country and paid price for that.
I just hate this Khatiwada guy (governor) because he is so ignorant and stupid. He makes speeches like a politician, changed rules too frequently, and I have read recently that he now wants Rashtra Bank to fix the interest rate. Does he even know what he is talking about? Is it because his economics is so poor that he has to resort to the theatrics?
I love to see bad bankers punished, but I hate to see ordinary shareholders punished. Also, we must maintain this 4-tier structure (big (i.e. commercial) banks, development banks, finance institutes and sahakari). We must have environment where big banks could be downgraded into others, and other institutes could be upgraded based on their performance. Market will take care of the rest.