India has a population of more than One Billion. India is the
biggest democratic Country in the world. India’s economy is seems to be
sound. India’s GDP is also improving. Share Market is also booming day
by day.Foreign Direct Investments are increasing too. But we should
also see the other side of the Coin also.

The Credentials of some of the Heads of these Nationalized Banks are as
follows.

Punjab National Bank

Mr. S S Kohli, the Chairman Cum Managing Director of Punjab National
Bank sanctioned and disbursed more than Rs. 30 Crores to an absconder,
a Member of Parliament of Bhartiya Janta Party, Mr. Kanak Sinh
Mangrola, MP of BJP could get loan on fictitious bills. During Police
interrogation, he confessed of paying bribe to the Chairman Cum
Managing Director of Punjab National Bank. Crores of Rupees have been
sanctioned and disbursed to such cheaters and all accounts are either
become NPA or will be soon.

Andhra Bank

Mr. Naraysami, the Chairman Cum Managing Director of Andhra Bank,
sanctioned and disbursed crores of Rupees to fictitious Exporters. The
case was registered by the Prime Investigative Agency, Central Bureau
of Investigation, India and some of the officials have been arrested
and suspended. During interrogation, they had confessed of involvement
of Mr. Naryansami, the Chairman Cum Managing Director of Andhra Bank.
Mr. Narayansami had paid crores of Rupees to officers of Finance
Ministry and BJP leaders and hence is scot free, busy in more
corruption and threatening this new channel every day. Mr. Naraynsami
had sanctioned crores of Rupees to the cheaters, the money of which
will never be returned back.

Bank of Baroda

Bank of Baroda tried to finance Terrorist Groups involving India,
Pakistan, UK, Pakistan, USA and Kuwait. Bank of Baroda’s officers
counter confirmed the Bank Guarantees of more than U.S. $ 80 millions
on forge bills. Mr. P S Shinoy as Chairman cum Managing Director
shielded the corrupt officers.

Bank of Baroda sanctioned Crores of Rupees to more than 100 numbers of
fictitious, 100% Export Oriented Units. Central Excise and Customs
Department of Government of India have arrested most of the owners of
these units. Customs department have already issued crores of Rupees
show cause notices to these units. The efficient finance minister of
India had already suspended 46 officials of Central Excise and Customs.
But Mr. P S Shinoy, as The Chairman Cum Managing Director of Bank is
promoting these corrupt officials. On the top of them are Mr.
Vaidanathan and Mr. Prabhu, their most trusted lieutenants in this
corrupt scandal.

Unit Trust of India

Mr. M Damodaran, as Chief of Unit Trust of India and all its
subsidiaries sold State Emblem of India for mere Rs. One Lac. (U.S. $
2000.00), Unit Trust of India had made losses of more than Rs. 10,000
Crores at a time when BJP was in power. There was a large scale
corruption in Corruption in UTI and thus UTI had to made losses of more
than Rs. 10,000.00. This Unit Trust of India made corruption in
printing of PAN cards. Mr. R Damodaran promoted the officials
responsible for such large scale corruption. Congress Government could
show power and now UTI is relieved from M Damodaran. But no corrupt
official have been punished till date. Mr. Damaodarn is still the chief
of IDBI and any body can guess the fate of IDBI, another prime Bank of
India having multiple objects in Indian economy.

Vijaya Bank

In day Light robbery, Mr. M S Kapoor, the Chairman Cum Managing
Director of Vijaya Bank could manage to steal his file from Banking
Vigilance Department. There were serious corruptions allegations
against him and the enquiry was in the last stages. Only one or two
officials were transferred from Banking Vigilance Department and the
enquiry have been kept under abeyance with the orders of some higher
authorities.

Central Bank of India

During Office Hours, from the office of Under Secretary, Mr. Dalbir
Singh , Chairman Cum Managing Director of Central Bank took away his
secret Vigilance file. This file was of highly confidential nature and
enquiries were in the last stage about serious corruption charges
against him. Indian Government has taken no action. Mr. Dalbir Singh
was also the Chairman of Indian Bank Association. Under the umbrella of
Indian Bank Association, all Indian banks work.

All what is written above is based on documentation available in Indian
Government Files.