If it was not for Jawaharlal Nehru who thought of a mixed economy, we would have been in a different situation.
If Indira Gandhi did not have the foresight of nationalising banks, what would have happened to all the private banks today? If Rajiv Gandhi had not thought of revolutionising information technology in the country, we would have been lagging far behind. The Congress has always thought of the poor, weaker sections
This success story of the past five years is important because the previous non-Congress Government ruled for nine years and had not been able to achieve anything, or record any development
Re: remembering congress forefathers-
by PAL on Mar 01, 2009 10:24 PM
Rajiv Gandhi didnot do anythig. He only enjoyed his position and destroyed the nation.
PV and Vajpayee did a lot to the nation. If ou have good heart praise them.
Re: Re: remembering congress forefathers-
by debesh kanungo on Mar 01, 2009 10:30 PM
MAY BE I DO HAVE RESPECT FOR PV N VAJPAYEE TOO N THEIR CONTRIBUTION-
Re: Have u ever seen private banks supporting social cause...
by debesh kanungo on Mar 01, 2009 10:16 PM
If Indira Gandhi did not have the foresight of nationalising banks, what would have happened to all the private banks today?
The governement should invest money in infrastructure projects than lowering the rates. All past efforts have just lead to banks hoarding money. the effort of these exercise should be to increase disposable income in hands of common people and not fillup coffers of the banks. The biggest culprit is ICICI who has an idot called kammat running the show. he is more intrested in creating his political future. The bank in running a ponzi fund please withdraw all your money or don't keep anything above 1lach in this bank
India's third larget IT company. Received awards and respect. No one imagined. Yet Satyam collapsed in no time. Share price dropped 80% within 5 minutes on NSE/BSE.
Dec.2009... ICICI...India's no. 1 private bank. Got respect. No one imagined. Yet it collapsed. Shares dropped 80% in 5 minutes on BSE/NSE.
Moral is don't see today. See in future. ICICI is following fottsteps of Satyam. Surely.
Re: Satyam...
by roman on Mar 01, 2009 10:18 PM
Funny name dude. Kammat has been the Guru for all the fraudsters, wait till Anil Ambani gets caught. ICICI bank is know for exploitation in the name of career they hire young people at low salary and they in turn return to all possible means to up the numbers. On the other hand they cheat people by offering attractive schemes which turns out to be a shell once you pay up. They are true cheats. ICICI says Hum hai na which is so true there are always there to cheat you
The main reason for the private sector banks & foreign banks for proving somewhat recalcitrant to the RBI advice to reduce the lending rate is that these banks had,earlier,thoughtlessly spent preposterous amounts on infrastructure-especially for face lifts in their bid to attract deposits & in their attempts to do also had raised the deposit rates steeply in the wake of stiff competition whereby they were also forced to raise their lending rates in order to keep heir margins.Now if they are required to cut down the cost of credit,they fear a mismatch in their maturity pattern,assets & liabilities. This cannot,however,be the sole reason since some of the private sector banks like ICICI had earlier gone for reckless increase in the pay package of its staff ardently hoping to do matching business.With melt down of economy, they are feeling suffocative for deposits on one hand & defaults by borrowers on the other owing to liquidity crunch with all most every one,of late.Further,as one of the bankers rightly felt,there is an element of fear gripping as regards the future of private sector banks while they feel confident about the govt owned public sector banks.RBI had full control over the banks' functioning when the interest rates used to be regulated by it.Some ambitious bankers,however,have been abusing the freedom accorded to them under deregulated atmosphere & now started feeling the pinch of their thoughtless actions. Recession has affected every one & more the lenders.
save yourself from private banks, they are the real cheaters.. they wont lower interest for existing customers.... they lure the new customers with chocalated and once you take loan, you get trapped...... so be aware only deposit in public banks.....
Re: HOW CAN THEY
by Ramalinga Raju on Mar 01, 2009 09:57 PM
If u r sharehoder of ICICI, sell your stocks immediately.Check BSE/NSE. ICICI is 330/- and SBI is 1100/-. Delaying in selling ICICI stock may need you to go Himalayas to search lost money.
Re: I have gut-feeling that Cong will be defeated this time...
by debesh kanungo on Mar 01, 2009 10:31 PM
If Indira Gandhi did not have the foresight of nationalising banks, what would have happened to all the private banks today?
...but unlikely as rediff.com is receiving huge ad money from ICICI. For example, rediff money has delayed comments by 30-40 minutes on request from ICICI as most of comments are against ICICI. ICICI has also recruited some ppl just for making favorable comments on forum and rebuking others who raise voice against it.
It is high time union of laon takers is need to be formed urgently. Kamath should be hanged immeditely as economic terrorist none less than Kasab.
I have received numerous complaints from my IT friends in Pune/Mumbai that ICICI is resorting to violent means to recover EMIs for various loans. As I told u time to time, ICICI is about to break around Dec-2009 - Mar-2010 as number of defaulters increasing exponentially throughout India. Repurcssions of US economy meltdown comes late India by about 6-8 months. My sincere advise to friends is foreclose your ICICI loans at any cost as interest rate is very high (around 13.00%). Also, if possible, transfer your loan to public banks as they offer laons at 8-10% interest. If there are atrocities by bank, report it to paper like mumbai/pune dailys. I have never seen such a badmash bank in my entire life. They are first-rate cheaters. Very bad for long-term investors and loan-takers. Govt of India is doing nothing. This is very serious. Also, if possible spread this message to all your friends through all possible communication channels(emails,blogs,forums). Find out is it possible to form union of loan takers to this issue to the highest level.
Re: ICICI is sucking your blood...
by Deepak on Mar 01, 2009 09:13 PM
what venu rao says then it's gud for customer if ICICI goes bust & closed down by 2010...atleast cutomer will get much relief !!! ICICI SUCKS.........
Re: ICICI is sucking your blood...
by debesh kanungo on Mar 01, 2009 10:31 PM
If Indira Gandhi did not have the foresight of nationalising banks, what would have happened to all the private banks today?
