Posted by: pire June 8, 2011
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What you say is correct. But we have only one general assembly per year. People's finance was in profit until this Chait. So, ordinary promoters probably didn't have much doubt about the health of the institution.
To be honest, I still don't see how less than 3% bad debt makes the finance collapse like that. Something about our banking evaluation system is not working.
Finance companies often belong to many people (shareholders, employees, promoters, depositors) and NRB should work hard to make sure that (1) culprit goes to jail or pays from his pocket and (2) the institution runs smoothly. We must protect innocent shareholders, depositors, promoters and employees. Somehow, I don't see such vision in our NRB officials now.
To be honest, I still don't see how less than 3% bad debt makes the finance collapse like that. Something about our banking evaluation system is not working.
Finance companies often belong to many people (shareholders, employees, promoters, depositors) and NRB should work hard to make sure that (1) culprit goes to jail or pays from his pocket and (2) the institution runs smoothly. We must protect innocent shareholders, depositors, promoters and employees. Somehow, I don't see such vision in our NRB officials now.