Fixing of responsibility of field staff, in case of
verification of documents, is a good staff but in most of cases where borrower
is a big shot or from some group or from influential background, message comes
from top to bottom for such proposal and junior field staff is forced to bye
pass some SOP merely to save their skin and to please top bosses. NPA is
concentrated on few hands and these guys treat Bank borrowing as their Income
which happen in case of King Fisher Airlines default. As per report Bank
borrowing were sent out of country. Bank officers at branch or regional/zonal
offices are just Scapegoat and they are obliged to follow favours of their
bosses. NPA is serious crime against Nation and genuine borrowers and small
entrepreneurs are deprived for Credit facilities from Bank as Banks are too
busy too serve these influential “NPA” borrowers.
A thorough scrutiny is required to ascertain root cause of
NPA and whosoever was at Chair to favour someone be prosecuted. Live example of
this kind of nexus can be seen in Syndicate Bank and Bhushan Steel episode.
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