Academic/career graph in brief: - Dulal Krishna Basu, M.Sc. (Pure Physics), University of Calcutta, Certified Associate of the Indian Institute of Bankers (CAIIB), CBiiiPro (Certified Basel-III Professional) awarded by the International Association of Risk and Compliance Professionals (IARCP).
I retired in 2011 as a Top Executive (DGM) of SBI, when I was heading its Basel-II/III Implementation Team.
I have handled various assignments relating to Bank Credit/International Banking and have got extensive experience, exposure and expertise in various matters relating thereto.
Apart from travelling, my current interests are readings on banking, economy and finance. I do love to write down my thoughts occasionally.
My current thinking: - I am highly perturbed by the events in the financial-economic-political world, where nobody seems to be attempting a sustainable solution, but the so-called professionals/experts are writing trillions of words as freely as the Central Banks (err..., Governments?) are printing currencies (or, keying in extra digits to the bank balances).
In my view, the basic deficiency in the application of economics to solve real-life problems is that most, if not all, the economists are not sparing a great deal of thought before submitting their model results/policy recommendations to the politicians, leading to serious gaps in the policies, resulting in almost no development to the respective economies, not to speak of global economy.
I am trying to think out and develop a grass-roots level thought process, a Euclidean approach, one might be tempted to say, which will bring some order to this insane world!
Despite the Supreme Court's clear directives issued five months ago, the RBI has, of late, been adopting dilatory tactics on the matter of revealing the data on willful defaulters of bank loans. This is information that they were authorized to collect and disseminate to the general public as per a Parliamentary Mandate since March 1994. Here I systematically counter the RBI's excuses, thereby proving that it is misleading the Supreme Court, and, thereby, the whole nation, in this matter.