Hi Friends,

Even as I launch this today ( my 80th Birthday ), I realize that there is yet so much to say and do. There is just no time to look back, no time to wonder,"Will anyone read these pages?"

With regards,
Hemen Parekh
27 June 2013

Now as I approach my 90th birthday ( 27 June 2023 ) , I invite you to visit my Digital Avatar ( www.hemenparekh.ai ) – and continue chatting with me , even when I am no more here physically

Thursday 1 March 2018

NaMo’s problem ( #PNB #NiravModi #Fraud )




And it is neither  NiMo , nor PNB  (  Punjab  National  Bank  )


It is NPB ( Non Performing Bankers ) masquerading  as NPA  (  Non Performing  Assets  )


That made the Government announce yesterday, the launch of NAFRA ( National Financial Regulatory Authority )


Will  NAFRA succeed where 16 existing agencies have miserably failed to catch the culprits for decades ?






When it comes to sacking non – performing employees , 50 million MSME have no problem


If an employee does not perform , his salary gets cut or he may even lose his job !
 

That ensures that not only must he report for work at 8 am every day ( come hell or hailstorm ) but he must deliver what is expected of him on that day


That made me suggest the following , 2 YEARS ago ( and sent as email to Cabinet Ministers ) :





It is no Rocket Science to extend the application of this  SIMPLE TECHNOLOGY  to bank loan defaulters !


By automatic freezing of personal bank accounts of ALL those who signed the loan document ( takers  &  givers ) , the moment any repayment instalment  becomes overdue by ONE DAY ?


And automatic / instant revoking of PASSPORT , without having to approach Supreme Court  ?

For detailed proposal , read :

 

 NPA ? oris it NPB ?  [ 08 March 2016 ]

 

https://myblogepage.blogspot.com/2016/03/npa-or-is-it-npb.html

 

 

 

Dear Narendrabhai ,

 

During the past 4 years, you have managed to deliver unprecedented performance , by emulating those MSME

 

When it came to sacking “ Non Performing Ministers “ , you did not require the permission from the President or the Parliament or the Supreme Court  !

 

And since you had already warned them repeatedly ( Perform or Parish ) , you did not even give them a month’s notice !

 

Why not adopt the same practice in respect of MDs / CEOs of the Public Sector Banks – starting with “ you know who “ ?

 

People had enough of your speeches

 

And before they go to the polls , they are waiting for your actions  !

 

02 March 2018

www.hemenparekh.in / blogs




  



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