THE WAY THE SARADARJEEE HAVE DONE BYCOT THE STAFF FROM THE SOCIETY OR CLAIM IN ITR AS BAD DEBTS....... OUR PRESTIGIOUS THE FM SHOUTED AT IMF FOR NOT. GIVING ENOUGH OF LOANS.....DOES SHE MEAN THE WORLD HAVE NO IDEAS ABOUT OUR FINANCIAL SYSTEMS..... ANY DAY ONE TURNS BANKRUPTCY N NPAS...,.. !?!!??
Hello Finance Minister- it is time to make Banks. As Money administrative agents - that is they can mobilize, promote and collect deposits, manages money, can invest in Government securities both central and state, can lend to State and central government enterprises.They can get the borrowers however the loan sanctioning should be done by a centralized agency which can sanction the loan. This agency will collect a 2% commission for any sort of Loan sanctioned and scrutinize the borrowers threadbare to ensure - genuineness, over leverage, asset quality and above all viability of the enterprise on an independent basis.This ensures there is zero loan loss toThe Banks and the banks can ensure to administratively work better to provide services to its customers. Better deposit rates, convenience competitive loan pricing.Priority sector lending such as agricultural should be handled in the same way with a better managed Crop insurance scheme to ensure all the Farmers genuinely benefits from these schemes.Instead of input subsidies Better crop insurance to all farmers will benefit immensely.JaiHind!
Some say, dont keep money in coop.banks. Whats the guarantee our PSBs are safe to keep our money? Day by day, scams, frauds increasing to the maximum level . Our judicial system is very weak, very slow. Interfearence ofthe govt., politicians , in loan matters of the banks must come to an end . Ministry level coming in the way of police, judicial system, stand with the culprits should end. fThere should be a vigilent check on the purchase of properties by the business tycoons like Mallya, Nirav, now HDIL , and many more. Take crores of loans in many banks with fake documents, run away to other countries without repaying to the banks. This has become a contageous decease nowadays. we all know, these are inter connected with high profile culprits. They are very sure, they will never be caught .
In India, RBI is central bank but it is never at centre and doesn''t have control on any category of banks , even the central government has no power to regulate the operations. public should keep only 100000/- in bank because 1 lac is sum insured for one rupee or one crore.
Arent we getting too much of these financial scams !Corrupt politicians, industrialists, gangsters n what have you !Time we hardened our punishments.A Chiddu after stealing 000''s of crores , demands AC room , Western toilets . The punishment of min 20 yrs hardwork imprisonment to lifetime imprisonment sud be advertised by Govt n meted out to caught criminals to bring these crimes under control ! No mercy for such criminals.Together, their combined action brings :low value of rupee, low GDP growth , sufferings of poor n farmers : the domino effect is vicious ! NO MERCY FOR THESE DESH DROHIES !
honesty, sinciearity are just words in the dictionary. Day by day, greediness rules the human. These are the reasons for the irregularities in banks, educational institutions, industries , police depts., our judicial system, etc.etc.O god save our country from these corrupt looters, no shame even to loot their own homes, country.
If the inspection by RBI is superior in quality, nothing will go out of their eyes. If depositors amount to be safeguarded in Banks, then quality inspection to be carried out by RBI. It used to be very effective in 1965 - 1975 -1980. May be the quality would have gone down due to volume.
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