Dynamic Adventurous Plight of Promoters Bankers, Finance Teams
How To handle so many events and things in a Decade , overlapping impact -
Plight of a developing country with 1.4 b people , Capital Starved , FDI Starved, Big 5 Countries Pressure, Ever Live - International Objective of Colonialism, Economic and Rating Agency pressures, depreciating currency since 1980's, European Countries like Spain, Greece and few more though defaulters , still are better than Indian Rating.
Charles Darwin - Theory Survival Of Fittest - Joke and Failed.
Earlier for recognition of NPA and write off 5-6 years
Then 3 years
Then 18 months
Big Businesses all were NPA's between 1990-2000.
Facing International Crisis -
1988-90 Asian Currency Crisis
1990-93- Indian Crisis
1993 - Stock Exchange Crisis
2001 banks and stock exchange crisis
2009-10 - Lehman crisis
2012 - LIBOR rigging
2012 - 2G License Cancelled, 122 nos.
2013:14 - Coal Gate 215 coal blocks
2013- Indian NPA's of 5lakh crore out
2014 - Election Year - A No Business Year
2013:15 - MCX Commodity Exchange Scam 24 Defaulters
2014:15 - Alalhabad Bank NPA's
2014-2016 - India Cleaning of Banking Sector lending and change of norms
2016 - NCLT - After failed efforts of all revival circulars and schemes of RBI till from 2011 onwards till S4A- Major Bigwigs in 2 years referred to NCLT
2017 - IDBI Bank NPA Issues
2017 - GST Roll Out - Major issue of cleaning of purchase and sales side of business - Many Companies with fake stock statement and fake sales declared NPA
2017:18 - Demonetization
2017-18 - ILFS Fiasco
2019 - Election Year , A no business Year
2019:20 - PMC, Yes Bank Fiasco
2020 - Pandemic - Lockdown , Business as a Cycle stops and entrepreneurs Fall after best of Balancing, patience.
Country Kept on changing norms and major changes started from 2001 onwards
2006-2010 - 10 lakh crore plus of NPA in Power, Roads and Infra Sectors. Roads without land and lack of policies, power plants without transmission lines, without purchase agreements PPa, without Coal tie up, SEZ without units was the situation.
New Govt Comes In 2014
Banks recapitalisation, Syndicate bank, SBI issue - bankers stops signing and lending, insecurity
Last 8 years Indian Banking and lending is in ICU and Fearful.
Real Estate, Auto, Core, Infra, Agri, the main indicators of growth have been in negative.
Pandemic created worst and lead to reduced consumption and precautionary money was eaten away and unprecedented job losses., Money flow and cycle stops.
What is the Solution ?
Country, World , LinkedIn and Political parties have all experts ......
Questions
Is world a better place to live ?
Are we in right direction ?
Are leaving a good condusive culture , environment , prospects for next generation ?
One Person One Earth Vs 8b People One Earth ?
Imagine !!
Sustainability is merely a word in Dictionary.
Still Happy Investing.
3 comments:
Dinesh, I feel with so many uncertainties in the economy, govt. has to start creating regulators for each industry and allow the companies to fight it out to bring their best performance. The regulators are supposed to keep an eye on ensuring these companies are not spoiling the resources, not creating monopoly or oligopoly and following best quality standards. With regards to finance sector I feel it is tricky because with availability of cheap capital growing the economy will be difficult and at the same time ensuring NPAs are within limits is tough. But there is light of hope in terms of governance responsibility for independent directors defined in the law as per new companies act. Overall I would say it is better now to invest that those old times.
true.
https://youtu.be/CdrLp0lKjHc
https://youtu.be/6bvHy78Yji8
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