Bad officers in Bank or banking division or Ministry of Finance or any office in the country cannot go against their corrupt bosses because they have to move in the career path as also pave the way for illegal earning. Good officers do not have courage to blow the whistle against the corrupt boss.

Who will bell the cat when even investigating agencies like CBI, vigilance, RBI, CAs are silent spectators of all maladies persisting in the banking system? Mere certification by Chartered Accountants or Rating Agencies (where persons are like easily buyable commodity) is not enough to safeguard bank’s future. Bosses are easily purchasable and manageable by gifts and bribe and flattery. How person like S L Bansal or Mr. Taj becomes ED of a bank God knows. But the so called star performer CMDs of top banks are well versed in manipulation and only the future will show whether they are real makers or master manipulator, real reformers or damagers of banks. Time will tell whether PSU banks earning true profits and serving the common men or have becomes puppets in the hands of big shots.

RBI or the government cannot no longer blame economic recession or global meltdown for unhealthy practices prevailing in the bank and for continuous rising NPAs in the bank.

Need of the hour is to check each and every action of top executives of top banks of at least last five years to expose the bitter truth and to install beacon light for other evil doers in banks. It is to be ascertained whether good officers are getting good posting or shunted at critical and remote places to hide the misdeeds of flatterers. One has to take initiative to assess the real worth of each PSU banks and find out whether erosion in intrinsic value of the bank in continuously increasing. History of top executives and their role in development of banks has to be assessed honestly and punish those who recommended for elevation of corrupt officers at the cost of good performers.