Lena Dena Maaf

The bankrupt Dena Bank is being merged into Vijaya Bank and Bank of Baroda. So huge are the losses in the Bank that it needed two healthy banks to be able to absorb and withstand its losses. Its carcass of mismanagement is so heavy that it needed more than one bank to be able to carry it. But these are the privileges of being a government-owned entity, where accountability and answerability are not enforced even in a case of blatant misconduct and criminal misfeasance, which is the true story of Dena Bank. Why is it that such privileges are permitted to such government-owned entities ? Mr. Akhilesh Bhargava, Business Editor of HW Business and Finance shares his insights on the matter.