...........Now most of the banks have in place a system called “risk ratings” of the corporate which is used in credit proposals. Inspite of the fact that some banks have robust risk rating system, their NPA levels are very high. Why? The reason is not missing risk management policies but deep rooted corruption in the banking sector, whereby even the honest lower functionaries are asked to tinker with various parameters of rating system to keep the account in higher rated category so that higher limits can be sanctioned or it can continue to be in standard category. The tools of transfer and charge sheet are used to create a terror in the office. You can peep in your credit division or talk to a person associated with risk ratings in the field. If he is frank with you, soon the honest rater will explain as to how AGM / DGM at Regional levels wants the rating to be perked up by tinkering few parameters. All this is done ............
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