The so-called total consolidated assets must be inclusive of revaluation of their assets. As such, the bank is silent as to what extent its assets have been revalued and how it has accounted for its revalued assets.
Time and again, it has been proved that whatever the value of assets may be, when it comes to distress sale, the value at the time of sale has been considerably low and it has been difficult to sell.
Even though the bank has published an attractive figure of Rs 484,000crores as the total consolidated assets owned by it, the entire amount cannot be liquidated at one stroke, as this includes the amounts advanced by the bank.
The bank is silent about its credit portfolio, which has been the talk amongst the other bankers. The quality of advance and categorisation of health codes to the accounts is a big question mark. As such the Ministry of Finance and the Reserve Bank of India must jointly appoint a committee of bankers to scan the large advances granted by the bank. Only then will the cloud be cleared.