'Idhuvum Kadandhu Pogum "
Even this challenging situation would ease
" Be Good and Do Good "
Yesterday, I read that the PNB scam is around Rs 21,000 crores, how can a pen company be given crores and crores for export. Did the digitalisation process make it easy for the scamsters to keep some transactions under different names or bypass the system wherein paperwork and computer work were both used?
I think we are on the brink of a major catastrophe and a few more big scams like the PNB one would just start the beginning of a crash in the stock market that would be driven by the negative sentiments that arise from scam after scam.
Imagine the impact already, the jobs lost or due to be trimmed, the loss of revenue in terms of sales and profits, the overheads, the sub loans are taken by the franchises of all, it's a whole wide circle of collateral damage. The Government and RBI should show a united front and ruthlessly deal with the culprits to restore the faith in the banking industry, if not it is a matter of time before this rot in the banks begins to affect our economy and growth irreversibly.