RBI Guidelines of Credit Approval Committee --Democracy In Practice Ignores Debate And Discussion

Concept of sanction of loan and approval of big projects through a team of five or seven persons called as  "Credit Approval Committee" will prove to be a failure . Lending decisions in banks are though taken by CAC or Management Committees or purchase committee or even Board of Directors as per guidelines issued by RBI and MOF last year,in practice the views of Regional heads or Zonal heads or Bank head prevails. In our country culture of High commands prevails either due to their poor knowledge or poor skill in expression or due to fear pshcosis

When we talk of cabinet decisions it is only the idea of High command of ruling party and a few ministers which is blindly endorsed by ohter ministers associated with cabinet in Parliament. Ninety percent of total Members of Parliament are silent spectator and they more often than not blindly follow the line of action dictated by a few powerful ministers constituting lobby around High command either due to  poor knowledge or poor skill in expression or due to fear psychosis among other members of such CAC or BOD or Cabinet .

Similarly all decisions in banks either on lending or for write off of bad loans or for approval of any bulk buy of goods and services are undertaken by a few powerful executives and other officials are simply signing on the place meant for them. Most of the officers act as rubber stamp as our President of India act as rubber stamp on all decisions taken by government of India. 

This is Indian style of functioning  where most of the executives do not have any say or do not have courage to put forward their protest on wrong decisions.Officers in general are bothered of their self gain, personal interest and own career upgradation. 

There are hardly a few who really bothers for the organisation they serve. This is why flattery and bribery is more rampant in entire administrative machinery and the entire is system is therefore tagged a corrupt, inactive and ineffective.