have put in about 36 yrs of service in a bank - psb of which 33 years in managerial capacity. with such background, I can honestly say this scam could not have happened without the connivance of CMDs, BOARD OF DIRECTORS, POLITICIANS, BURECRATS. All the bank' boards have representatives from RBI and finance ministry. What these "knowledgeable experienced " were doing when these loan proposals were discussed ? Were these people were sleeping in the board meetings ? The officers' director and the workman director who are also in the board have at any point of time expressed and noted dissents. Sadly the answer will be NO. What were the statutory auditors, concurrent auditors, inspectors of the bank were doing ? Perhaps all have succumbed to pressure as to not to reveal the scam. If so who exerted the pressure ? THE TRUTH/ANSWER WILL NEVER COME OUT BECAUSE THERE IS NO ACCOUNTABILITY AT THESE LEVELS. IF AN INDUSTRIAL LOAN SAY RS.10 LACS BECOMES SICK AND DIFFICULT FOR RECOVERY, THE PERSON WHO SANCTIONED THE LOAN AND HIS SUCCESSORS WILL BE PUT UNDER CLOSE SCRUTINY AND ACCOUNTABILITY FIXED AND PUNISHMENT WILL BE METED OUT.
11-மார்-2016 19:08:54 IST
As rightly said, this only part of variable allowance that the company has agreed to pay at the time of recruitment or promotion. This statement of a senior utive of TCS is simply hogwash. I understand that the so called ratings are given at the whims and fancies of managers/senior managers. It is reported ( heresay ) that if a woman employee goes on maternity leave then the employee's rating is down graded which is against the accepted principles of employement and gender bias. Let Mr Chandrasekar give a categorical answer that such thing has never happened. TCS was once upon a time receipient of BEST EMPLOYER AWARD. It is sad that it 's reputation has hit. Let TCS management say that there is excess staff and retrench but how come they recruit people in thousands.
16-ஜன-2015 10:12:49 IST
Recently one of my friend had pain in left shoulder and the consulting doctor, a MD, advised him to take angio test telling him he may have heart problem. My friend was naturally upset. My another friend's son who is working in a pharma company and who was at chennai for deepavali told him not to worry and he took him to an ortho surgeon , who diagnoised it as a simple cramps and prescribed him mild medicines and my friend got well. This is the state of affairs in Tamilnadu. More persons die/commit suicide in India because of their inability to have proper health care. But who will listen, when MBBS seats are sold like other articles and Post graduate seats are sold like premium houses in Nariman Point ( Mumbai ) or South Extension ( New Delhi ) or Club House Road ( Chennai ). We need a dictator.
08-ஜன-2015 14:30:47 IST