Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam
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30-day online access to the magazine articles published during the subscription period.
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This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.
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Rather, merging of the banks may create more uncontrollable mess.
It would have been more appropriate had the banks been privatized. Permutation and combination of the Boards by substituting the set of incompetent management with another incompetent management cannot be the effective remedy. It would be just an eyewash exercise on the part of the RBI.
POST MERGERS:
1. Entire NPAs, created so far by CONG LEAD UPA + BJP LEAD NDA shall go under carpet.
2. 12.5 lac ‘honest to the core + hard working bank employees’ mobilized & accounted for Rs.114 lac crores of deposits OF Indian citizenry + Rs.30 lac crores of investment in Govt. securities created NPAs worth Rs.50 lac crores shall be going under carpet; so that fresh loot shall commence.
3. NONE IN BJP LEAD NDA TO INDULGE IN ‘KNEE-JERK REACTIONS’. NO REFURBISHING OF IBA/PSB BOARDS. NO PUNISHMENT TO TAINTED PSB’s culprits. No visionaries in PMO/UFM, except Duds of adhocism!!!
4. A sick Finance Minister with a transplanted Kidney with ‘no healthy substitute’/nor competent advisors[s] from the BJP/RSS cadres nor from amongst retired visionaries from RBI/PSBs/IAS/IFS.
5. With all the infirmities, BJP LEAD NDA is paving the way to CORRUPT CONG LEAD NDA to take reins of India for the next 2 decades.
6. Unfortunately, none in BJP/RSS can assist & catch up Modiji’s vision to put Indian economy on ’the rails of progress’ with bright future for the teaming millions of THE INDIAN YOUTH.
7. https://www.youtube.com/watch?v=T7fOf8rUrdw.
8. SATYAMAEVA JAYATHE!!!
In fact the Boards should be constituted with at least 50% of the incumbents drawn from the open market to handle the business of the PSU banks. The executives, with NIL stake in the PSU banks but with unfettered powers can only be expected to add more and more to the woes to drain out the public money.
In fact, any association takes its shape only when the policies of the employers' management are not employee friendly.
According to my personal experience during my service period in different organizations, employees, may be of hard core nature and /or associated with any hard core association and union, do contribute their might if the managements of the organizations are employee friendly. They help their superiors to achieve more and more efficiency with practical results for the unit they belong and also for the organization as a whole. During my service period in one and all of the organizations I serve, I gathered more and more strength and efficiency only due to the employees, who worked under me.
In fact, it is the ego factor of the bosses associated with the incompetent and egoistic HR Departments of the organizations that becomes the sole cause of inefficiency and loss for the organizations.