Several Founders, Co-Founders, CXO Bankers, CXO Fintech professional & people who participated in the ePanel discussions:
- Mr. SK Datta, Former Advisor & Chief General Manager, Bank of India
- Mr. Prabhanjan Dhotre, Director, Beehive Capital Advisors Pvt Ltd
- Mr. Roopesh Chandran, Director Business Development, Visa Inc
- Mr. Avro Mukerji, Investment Counselor- NRI Burgundy, Axis Bank
- Mr. Abhishek Mody, former Associate Director-Payment & Digital Initiatives, IDFC Bank
- Mr. Neeraj Chandra, Head of Operations and Technology, Abu Dhabi Commercial Bank
- Mr. Vikas Kukreja, Founder, Nupay Solutions Private Limited
- Vikas R Panditrao, Co-Founder, Forum of Industry and Academic Knowledge Sharing (FIAKS)
- Many other CEO/CXO Bankers & Fintech professionals on FIAKS Forum requested to remain anonymous
With the PMC crisis, recent YES bank halt, discussions rolled around issues in banks. FIAKS community questioned on BANK OF BARODA underreported bad loans by ₹5,250 crores in FY19 as per RBI report
Question 1: Who is responsible for this? Are the regulator blacklisting people involved from the bank?
Well to answer this, again a crucial question poses up that is if a bank has to assign responsibility to a particular chair/position to ensure there is no divergence or under-reporting then the responsibility will rest with which job role- MD or CEO or Corporate Governance or Auditor or CFO or someone else?
- The daily slowdown and struggle seems to be frustrating when esteemed entities are behaving irresponsibly, how can they expect the government to bail them out every time?
- According to a member, the solution should be that one has to fix responsibility to a particular job profile to look into this who would work independently. And in case of divergence internally one should take action. This should also be looked at from the point of view of reputational risk.
Question 2: Isn’t this misuse of public money?
Well, certainly enough Public money is not for playing around. If this money was distributed to early-stage start-ups then it would have easily generated employment for more than 200,000 people.
Now talking about NPA recognition here; Register and Read the complete discussions