State Bank Of India ,the grand old institution,has been cornered . It has advanced Rs 200 crore loan to Ramalinga Raju -a personal loan,against no collateral. This amount has been taken by Raju to fund his sons ‘ projects.If the loan is not repaid in 90 days, then it becomes a bad loan,.Raju has borrowed large funds from several financial institutions to dress up his debts.
Southern Petro chemicals , SPIC, in short, owes several millions to State Bank Of India.SPIC has become a non performer. Yet , State Bank of India , has not taken any action.
The people behind these cited companies are grand in stature, pose themselves to be top industrialists, move in high circles, have personal rapport with ranked officials, ministers, and politicians. The rewards , a decent way to call bribes, they extend to the greedy bureaucrats, and politicians , are fantastically excellent. This superb initiative by the borrowers dumbfounds State bank Of India.
Fine alterations and passive moderations are enforced to deal with such impostors by State bank Of India.
Rigorous chemistry and intriguing addictions are impounded to react with frank transparent good persons.
This hypothesis of State Bank Of India , is truly a reflection of the Holy Angel.
This selfless concern, of State bank of India ,for the welfare Of Satyam and SPIC promoters ,is a virtue ,and can be called as ALTRUISM.
Let us sing the praise of The HOLY ANGEL- State Bank Of India-Long Live your disguise., Long Live your partiality, Long Live your Prejudice, Long Live your foolhardiness.