BBB consists of chairman, three ex-officio members and three experts. In its first meeting BBB discussed the following :-
- Board level vacancies of Banks and ways to fill them.
- How to better recognize the stressed assets and solve them.
- Strategies to re-capitalize banks.
- How to make banks more competitive in the changing financial landscape.
One important aspect that must be included in the agenda of BBB is the means of recovery of bad loans and fixing responsibility of bank officials and regulatory bodies for allowing creation of these stressed assets over such a long time.
After all, we as tax payers need our money back from defaulting and fraud entities masquerading as industrialists. And we need it NOW, without anymore delaying tactics. Should we allow corporate houses of dubious credentials to rob us just like that? Is BBB listening?