RBI Blind, Incompetent – Creating Loss Making Monopolies 

June13, 2018 (C) Ravinder Singh progressindia2015@gmail.com

It is two years since Urjit Patel took over as RBI Governor ahead of more experienced Banking Professionals. Ever since he took over entire Banking in India is subjected to all kinds of stresses likeDemonetization, Schemes to Write of Corporate Loans at 50% to 70% Price, Loss Making Companies taking over Loss making Companies.

Banking NPAs as per his own admission are Rs.8.99 Lakh Crores as on Dec.2017. It could go beyond Rs.12,00,000 Cr this time 2019.

RUCHI SOYA’s NPA of Rs.12,000 Cr Shall Be CHARGED 66% or Rs.8,000 Cr as ‘HAIR CUT’ for lending banks – ADANI FAMILY who already owe Rs.1,10,122 Cr to lenders shall Contribute Just Rs.4000 Cr that too from BANK LOANS – already taken or to be taken.

It is scandalous ADANI GROUP which has a group turnover ofRs.77,060 Cr, reports Operating Profits of 15,182 Cr but Net Profit is NEGATIVE Rs.815 Cr and Borrowings of Rs.1,10,122 Cr. [Fortune India 500]

Adani Group itself is NPA Case NOT EARNING PROFITS For Shareholders.

Adani-Wilmar already has 55% Branded Vegetable Oil Market Share – 4 million tones of Annual Capacity by adding nearly 5 million tones capacity of RUCHI SOYA – it shall more than Double Vegetable Oil Processing Capacity.

Why RBI do wants to Create Monopolies?

Adani-Wilmar is 50%-50% partnership – 50% owned by Singapore Company.

So WILMAR is acquiring RUCHI SOYA EQUITY at 66% Discount.

Ø RUCH-SOYA operates Processing Plants in 16 Locations – Can be SPLIT and Sold to 16 different HEALTHY PROMOTER COMPANIES through AUCTION. Perhaps Banks could recover even 100% of their dues.

Ø It is better to SPLIT a Company which has MULTI-LOCATION Plants.

Ø Urjit Patel was Blind as Director of GSPC – almost Rs.25,000 Cr SCAM – not producing a drop of Oil or Gas.

Ø New Consortium Banks with EXPERTS in Engineering & Technologies located close to the Industrial Centers like NOIDA or JAMNAGAR to ensure regular monitoring of Companies NEEDS or BUNGLING.

Ravinder Singh, Inventor & Consultant, INNOVATIVE TECHNOLOGIES AND PROJECTS

Y-77, Hauz Khas, ND -110016, India. Ph: 091- 8826415770, 9871056471, 9650421857

Ravinder Singh* is a WIPO awarded inventor specializing in Power, Transportation,

Smart Cities, Water, Energy Saving, Agriculture, Manufacturing, Technologies and Projects

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