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Banks Duping the Public ? ? By Sanjeev Suri From India Today's newspaper carries an article on how many banks [ even international ones ] are keeping their balance sheets clean by "converting" certain losses into loans to their clients. Is it not similar to a kid who has accidentally dropped the money outside the house, or maybe spent it, telling his parents that "it is misplaced somewhere, i will try looking in the pocket of the jeans that i wore yesterday" knowing fully well that the money is no longer there ? What happens in future is not their present concern. It is very much possible that the current losses hidden in the current assets as loans can later be offset through some other innovative juggling of accounts.

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Contributed by Sanjeev Suri from INDIA on March 12, 2010, at 8:59 AM UTC.

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This intel was contributed by Sanjeev Suri from INDIA Sanjeev Suri from INDIA

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