Home / Editorial / Economic Times Editorial / Daily The Economic Times Editorial With Vocabulary in Detail : The hard choice Banking over banker

Daily The Economic Times Editorial With Vocabulary in Detail : The hard choice Banking over banker

NABARD Grade A & B Online Course Get Course Now
150+ RRB NTPC Previous Solved Papers PDF  Free Download Now
RBI Grade B Complete Online Course Register Today
RRB JE Free Study Material PDF Books Free Download Now
RRB NTPC Free Study Material PDF Free Download Now
All Exam Free Study Group (Free Videos,Pdf,Mock etc) Join Right Now


Print Friendly, PDF & Email

At a time when public confidence in banking has been shaken — 16% of banks’ asset portfolio(निवेश सूची) is stressed(प्रभाव डालना/ज़ोर देना), 11 public sector banks are in need of what banking regulator RBI calls Prompt and Corrective Action, a scam worth several thousand crore rupees has come to light as having been an ongoing practice at the country’s second-largest public sector bank and allegations(आरोपों/अभियोग) of omission(चूक/छोड़ देना), if not commission, at the level of senior bankers at high-profile private sector banks refuse to go away — the government and the RBI appear to have taken the call that individual careers and reputations(प्रतिष्ठा/प्रसिद्धि) can be sacrificed for restoring public confidence in banking, the goal of paramount importance at the moment.It is a tough choice, but it makes sense to err on the side of caution. It is on this ground that the RBI has intervened(हस्तक्षेप किया/बीच में आना) to cut short Shikha Sharma’s term at the helm of Axis Bank.Fairness demands that the regulator treat public sector banks and their chiefs with equal dispassion(उदासीनता), although few of those who presided over the creation(निर्माण/निर्मिति) of assets(संपत्ति) that have turned sour continue to lead their banks.

Fairness also demands that the regulator and the public at large factor in the nonbanking factors turning many loans non-performing.Take the power sector. About 75,000 MW of power generation capacity is in trouble(मुसीबत/चिंतित करना) because coal supply is uncertain(अनिश्चित), regulatory pronouncements(घोषणाओं/राय) have the consistency(संगति/स्थिरता) of quicksand or bankrupt state power utilities fail to enter into or honour power purchase agreements. Banks carry the can for the loans to these projects.At the same time, the RBI and the boards of the banks in question must investigate the circumstances(परिस्थिति/अवस्था) that led to an assessment of subpar management at Axis Bank and other banks.It is important to nail the wrongdoing, if there is any, and, if there is none, to clear the cloud of suspicion hanging over the heads of professionals who have served long and hard in the business of mediating(मध्यस्थता) the public’s savings into credit, enabling thriving(संपन्न) businesses that create jobs, generate investor wealth and returns, pay taxes and drive the nation toprosperity(समृद्धि/सफलता).


Important Vocabulary

1.Omission(चूक/छोड़ देना),
Synonyms: breach, carelessness, exclusion, failing, lapse
Antonyms: success, accomplishment, achievement, allowance, closure

Synonyms: character, fame, honor, influence, name
Antonyms: unimportant, disapproval disbelief, disfavor, dislike

3.Intervened(हस्तक्षेप किया/बीच में आना)
Synonyms: arbitrate, intercede, interfere, involve, meddle
Antonyms: combine, connect, join, leave, unite

Synonyms: assets, capital, chances class, command
Antonyms: debt, poorness, poverty

Synonyms: accomplishment, benefit, boom, expansion, growth
Antonyms: decrease, disadvantage failure, lessening, loss

Synonyms: booming, burgeoning, developing, flourishing, growing
Antonyms: failing, infirm, poor, unhealthy, declining

7.Trouble(मुसीबत/चिंतित करना)
Synonyms: anxiety, concern, danger, difficulty, dilemma
Antonyms: benefit, calm calmness, contentment, ease

Synonyms: firmness, flexibility, texture, bendability, compactness
Antonyms: erratic ism, incongruity, inconsistency, inconstancy, irregularity

GovernmentAdda Recommends Ixambee Free Mock Tests
NABARD Grade A & B Free All India Mock Test Attempt Today
SBI PO Free All India Mock Test Attempt Now
RBI Grade B Free All India Mock Test Attempt Now
FCI Free Study Material PDF Books Free Download Now
SSC JE Free Study Material PDF Books Free Download Now
Download Quant Power Bank (1000+ Pages) Free Download Now
Reasoning & GI Booster -Power Bank Book (1200+ Pages) Free Download Now
Free Download English Power Bank Free PDF Free Download Now

About GovernmentAdda

We provide all Govt Jobs Like Banking, SSC, FCI,UPSC, Railways and all other important government exams Study Materials,Tricks,Quizes,Notifications,Videos etc.

Check Also

Daily The Economic Times Editorial With Vocabulary in Detail : Do not backload net neutrality in rollout

NABARD Grade A & B Online Course Get Course Now 150+ RRB NTPC Previous Solved …