Unfortunately RBI officials and Inspecting officials like Chartered Accountants of the country are certifying all loots by taking their share in bribe led lending or unhealthy lending done by officials of various banks to earn illegal wealth.

RBI and Ministry of Finance are taking their share from Heads of PS banks and allowing the irregular practices, bad lending, concealment of bad assets etc so that their misdeeds are not exposed before their retirement and they are not punished. Even vigilance officers and CBI officials get their share in bribe money to close the files of corrupt officials.

Only corrupt officers are selected in promotion processes by team of Interview panels to protect team of corrupt officials. Good and honest officers who may be probable whistle blowers are rejected in promotion processes year after year and posted at critical remote places. This is why and this is how all corrupt officers are exonerated by team of inspecting officials and vigilance officers .Corrupt Heads support corrupt Subordinates.

Harshad Mehta the great cheater in share market got success in motivating CMD, GMs and DGM of the various banks by extending them costly gifts and cash and it was he who could cause loss to various banks in hundreds of crores of rupees. Government of India could not learn lesson from this event. They could not assess and visualize the level and dimension of corruption prevailing in the banks when top ranked officers are indulged in earning money through illegal ways.

Madhu Koda and Mr. A Raja could get success in causing thousands and lacs of crores of rupees to the government only because top ranked bankers and top ranked administrative officers in government departments supported them. Other junior clerks do not have guts in the present system to raise voice against corrupt officers or become whistle blower in fear of repercussions. Malicious role of bank officials cannot be denied in Ketan Parikh scam, UTI scam or even in 2G or CWG scam.

But none of regulating agencies is interested to take against the erring top officials and modify the system.Lacs of cases are therefore pending in various Lower courts, district courts, High courts ,various tribunals and Supreme court.

Indian bank, Global Trust Bank , many private banks ,many regional rural banks and at least one hundred cooperative banks were caught in unhealthy lending  leading to huge capital loss and even merger of such bank or closure of such banks.RBI and Ministry of Finance could not understand how  much deep rooted is the disease of cancerous corruption in the bank. When top ranked officers are corrupt they cannot allow honest officers to hold creamy posts.

In the recent past Central Bureau of Investigation caught eight top ranked officers including CEO of financial Institutes involved in bribe led lending, but RBI officials could not visualize that when top of any financial institute are so much corrupt, there must be a team of corrupt officers down the level who blindly supported CMD or ED or GM of that bank.

Survival of fittest is no more hold good in modern era. Now survival is possible only for those who know the art of flattery and art of bribery.

Historic LIC housing Finance scam did not open the eyes of regulator of financial institutes only because top ranked officers and minister get money in selection of ED and CMD of PSU banks and in turn CMD of financial institutes get money for giving promotion to officers working under him. In such dirty and corrupt atmosphere  officers at lower level have to earn money through illegal sources either in lending or in contractual works and share the same with his bosses to get quick promotion and choice posting superseding many seniors.

It is open secret that these corrupt top ranked officers do not leave any clue of corrupt dealings and they do not allow bribe lending leaving behind an documentary evidence. These corrupt officers do not declare such bad advances as Non Performing Assets as long as adequate safety measures are taken to safeguard the actual lender. They are able to manage even vigilance officers and CBI officers to get rid of them.

These clever top officers resort to telephonic pressure on field functionaries and in case of exposure of their evil work they trap other junior officers and sacrifice them on the altar of honesty and discipline.

All this is possible only when top ranked officers get huge discretionary powers to select officers, promote officers and transfer reluctant honest officers as per his whims and fancies.

This is possible only because courts are unable to deliver judgments even in two or three decades.

The reign of injustice and climate of corruption grows and grows only because judiciary is beyond the reach of common men, only because justice is too much costly and only because there is shortage of good advocates and honest judges who are devoted and sincere in their job .There are plenty of lawyers who  allows the case to die a natural death in a decade or two until the main culprit top officers is retire from his service safely.

This is why thousands of cases filed against corrupt bank officials are languishing in the offices of CVC, vigilance offices, CBI, Ministry of Finance or Banking Division without any punitive action against erring officials.

This is not astonishing to anyone in the country that one lac crores of bank finance is unrecoverable and treated as bad assets by banks and more than three lacs crores of bank’s lending is though bad but not declared to save the image of the bank, to keep the share value up and to boost up the morale of credit officers but in fact bad assets are not declared as Non Performing Assets mostly to save the corrupt officers. Even courts are unable to recover the money from willful defaulters. So many fast track court also failed to achieve the goal of recovery because corruption is rampant in all offices.

People of India have written to all offices including that of you. But none of officers or ministers is so much concerned about rampant corruption. Politicians preach sermons to others make policy for execution and promise to stop corruption but always fail. They themselves are either corrupt or occupied top post through corrupt ways and hence they think it wise to remain as silent spectator.

This is why people of India need to support movement launched by Anna Hazare and his team against corruption.