with huge support from government nationalised banks did not feel the heat of world wide economic recession. do we know, that, no one in the world blieves in indian bank's balance sheet. it is prepared with fictitious figures and profit or loss declared not on the merit of actual performance but from.....every indian knows. these naionalised banks have no responsibility to recover the loan and in the way huge huge have already beeen lost and all most all the banks have become sick, but, with the help from government they still manage to stand and have been declaring profit with the process menttioned above.
In the global recession period too, Indian banks have survived very well mainly because of Govt. regulations over them. While other banks all over the world require only CAR (as per Basel Committee), Indian banks are required to maintain CAR as well as SLR and CRR. So no danger to indian economy whatever ratings are there.
Re: NO INDIAN BANK... IT IS MIRACULOUS
by Vivek on Sep 10, 2009 02:51 PM
The reason is rating agencies like Moody's, S&P and Fitch penalise Indian banks with a lower rating due to Sovereign risk,i.e., country risk. This Sovereign risk is quite low for developed economies, hence India does not figure in these as much
Re: Re: NO INDIAN BANK... IT IS MIRACULOUS
by Visweswara Rao on Sep 12, 2009 02:42 PM
The Public Sector Banks in India are forced to conduct Loan Melas and shoot up their NPA. Some of the Private banks like ICICI have given high risk loans and their NPA situation is also bad. These big banks should learn a lot from Micro Finance Gramin Banks like the one being run in Bangladesh.
In the global recession period too, Indian banks have survived very well mainly because of Govt. regulations over them. While other banks all over the world require only CAR (as per Basel Committee), Indian banks are required to maintain CAR as well as SLR and CRR. So no danger to indian economy whatever ratings are there.
Ratings are given whenever something is sinking. No Indian bank in this, so we are safe. Also, notice that 1st three are almost govt owned or run banks... And foremost of all, this article may be intended for the superrich, blackmoneyed netas who are regularly stashing their reserves abroad away from Indian public eye. So, for an average Indian this is not useful.
I dont understand the very diplomacy & the hypocrisy of this world. a year back the economies of the so called srong nations went weak with the printing presses working over time and then this report glorifying the very banks as the strongest banks. give me a break. the editor shud be joking or from wherever hes copied this shite piece of info. Germany which sunk deep into the blue... and ironically has 4 strong banks... god... can u loan some money to US.. its got 80% living Below the poverty line.
Re: How Fake ???
by Niraj Prasad on Sep 07, 2009 01:38 PM
yeah germany grance and netherlands all limping like a porcupine stung with its own needles ... and their banks are so safe !!! huh ...
if only their banks were so safe they wouldnt limp like this ...
