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7% growth may shut the door on banking reform


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Sunil Vaidya
hi
by Sunil Vaidya (View MyPage) on Mar 15, 2018 11:00 PM

nonsense the growth rate is just 5.2%...govt has just changed the base year again so that growth rate will read 7%

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avinash kumar
Jaitley is self goal for bjp debacle in 2019
by avinash kumar (View MyPage) on Mar 13, 2018 06:41 PM  | Hide replies

Removed Raghuram so that niravmehul able to loot huge

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Rouge
Re: Jaitley is self goal for bjp debacle in 2019
by Rouge (View MyPage) on Mar 15, 2018 09:02 AM
Raghuram and Chiddu has enabled Nirav and Mehul to loot by increasing their credit limits.

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kulbir labana
BANKING REFORM - NEED TO PUNISH CORRUPT BANK OFFICIALS
by kulbir labana (View MyPage) on Mar 13, 2018 05:05 PM  | Hide replies

All the hype of reform, yet we have not seen a sinle senior banker in jail. Can a scam take place without the active connivance of the senior bank management? The obvious answer is NO. Then why is it that this super union of senior bankers not in jail.
Without exemplary punishment of corrupt bankers, no reform can be successful.


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kulbir labana
Re: BANKING REFORM - NEED TO PUNISH CORRUPT BANK OFFICIALS
by kulbir labana (View MyPage) on Mar 13, 2018 05:07 PM
For sinle read single

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R  ponnabalam
Re: BANKING REFORM - NEED TO PUNISH CORRUPT BANK OFFICIALS
by R ponnabalam (View MyPage) on Mar 13, 2018 08:49 PM
Well said.But alas! It is india> A recent write up in this site quoted then F.M telling in Parliament that he "But that does not mean that I should lose my sleep simply because the stock market goes up one day and falls next day.'He never had thought it worth to find out whether anything was amiss;or he could have thought so what if it is amiss too;let me not loose my sleep.That write up also tells "some officers against whom the JP committee had made severe criticism flourished in subsequent years.So our bankdom would continue to sweat in Air conditioned cabins doing stylish hair cuts as they call loan write off and the people would feel the effect of their throat cut.Has any single big wig of banking Industry has come forward to tell a single mistake in banking Sector.May be they could be helpless for everything might be mistakes R.Ponnambalam

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R  ponnabalam
Without Honesty in work it is all the same private or Public
by R ponnabalam (View MyPage) on Mar 13, 2018 03:48 PM

We have privatized the Industrial sector.Gave Rs 55000 cr.and the like for corporates.they had given NPA to the country. I remember having read long back a RBI Governor(I don't remember whether he said it after retirement or while being the head then) saying as produced in news paper "The banks are the Non performing Assets."private or Public, honesty and integrity of work is the need.The Govt. it is equally to blame in having let things to come to this passR.Ponnambalam


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Urvashi Seth
Banks need to be privatised
by Urvashi Seth (View MyPage) on Mar 13, 2018 01:48 PM

PSU banks were once the pride of our country.But,due to political inteference,frauds and high mismanagement,they have now reached such levels.As the author points out,we need to privatise the banks slowly and also make the top managements(presently in deep slumber) active and accountable.Jaitley is incapable of doing such things.He is a traditional lutyens man whose vision is very limited.

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Kalyan Mitra
Corruption is Cleared by this Government
by Kalyan Mitra (View MyPage) on Mar 13, 2018 01:35 PM

A bad company corrupts good morals, similarly a bad leader corrupts the good Taxpayers.Truth can not be incriminated . It will Come one day. Insallyah ,Those who make sword shall perish by the sword .

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R  ponnabalam
Poor man tax payer has no wndow,top floor to jump from
by R ponnabalam (View MyPage) on Mar 13, 2018 01:16 PM

"six-month time window for the bank management to fix an account".Bank management has window to escape Poor tax payer has to jump from the top Floor of the building to recap of 2.7 lakhs crores Now &bear the headlong fallR.Ponnambalam

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R  ponnabalam
Poor man tax payer has no wndow;top floor to jump from
by R ponnabalam (View MyPage) on Mar 13, 2018 01:15 PM

\"six-month time window for the bank management to fix an account\".Bank management has window to escape Poor tax payer has to jump from the top Floor of the building to recap of 2.7 lakhs crores Now &bear the headlong fallR.Ponnambalam

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R  ponnabalam
Poor man tax payer has no wndow;top floor to jump from
by R ponnabalam (View MyPage) on Mar 13, 2018 01:15 PM

"six-month time window for the bank management to fix an account".Bank management has window to escape Poor tax payer has to jump from the top Floor of the building to recap of 2.7 lakhs crores Now &bear the headlong fallR.Ponnambalam

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R  ponnabalam
We must know what is missing
by R ponnabalam (View MyPage) on Mar 13, 2018 01:10 PM

“If the bank does well under new ownership, and therefore provides proof of concept,”So there is the if clause :Banks do have the understanding of the concept of recovering loans given by banks :after all it is a system where the RBI had been winking at banks fudging balance sheet till some two and a half to 3 yrs. back and played a long innings of Returned notes counting during demonetization A banking system that never accepted the mistakes thus for will never correct itself, would never do well.Not even a single BIG WIG from banking sector had talked about the reality and the failure of banking system.If memory doesn’t fail one GM of SBI once said ,”now that the steel sector is under stress”” Never was it said “banking sector is under stress.” Always blame others The basic honesty of men make any organization great, a country great.We must know what is missing R.Ponnambalam

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