Indian bank was a non-performer a few years back.
Like Lehman bros, it would have filed Bankruptcy
Today it is a performer.
Thanks to the efforts taken by Palaniappan Chidambaram, the Finance Minister.
He singled out Indian bank from the congregation of failed assets, for reasons best known to him,
He spotted the weakness of the bank and resolved to set right the finances of the bank, by infusing funds, much similar to the most recent Bail out Plan.
The sinking Bank was revived.
Branding it as an NPA, stifling it with undue strictures, debasing its confidence, would have triggered a massive collapse.
If similar treatment was meted out to most Non-performing assets, a turn around in the industrial sector would have happened.
This renaissance in the finance and industrial sector .would have brought a formidable attribution and excellent rejuvenation.
Indian Bank’s reconstruction is a formula, that has to be absorbed , assimilated and worked out to build a sound financial environment.
