I had the pleasure of banking with the so called nationalised banks,private banks and foreign banks.
I can say with total conviction that our Nationalised banks are by far the best and their people the most professional despite working from the most dingy premises and with little salary. Foreign Banks: Make your funds shrink
Private Banks:All boys/girls who couldn't make to the TV/MOVIE WORLD have joined these banks with no knowledge of even basic banking
Re: BANKING IN INDIA
by Niraj Prasad on Sep 06, 2009 04:28 PM
i second you too ... indian private banks are lootera banks whereas SBI is the gold standard of banking in India ... can you imagine Indian economy without SBI ??
Re: BANKING IN INDIA
by Prem Viswanathan on Sep 06, 2009 04:38 PM
I think that you do not have any sense of service when you talk of banking and you certainly dont mind arbitrary charges being imposed on you. How on the earth you can call SBI as a "great" bank? It is the bank that charges you Rs. 10 every time you update a passbook in a different branch (that too - mind it, cash - the whole thing sounds too shady). It is the bank that charges you money to transfer money from one savings account to another in the same bank at a different city. To my knowledge, no other bank imposes this most arbitrary fees. It is a bank that does not open you an account without an "introducer". It is the bank whose ATMs are most disfunctional. It is the bank that gives most fake notes through its ATMs and does not even accept when you go to return it to them. It is the bank that insists on most unheard of documentation for disbursing loans, but ends with the highest NPA. It is the only bank that makes you visit the branch at least twice to make net banking work. Once to collect the net banking password and then again to get funds transfer facility. Any fool knows that a person holding net banking facility would obviously like fund transfer facility too. But not SBI. A few years, they even started arbitrarily deducting Rs. 50 for issue of passbooks and cheque books. I think somebody complained to RBI and then they finally stopped. Most people including me hold a SBI account only because we hope that govt will bail it out in the event of any financial collapse
Re: Re: BANKING IN INDIA
by Niraj Prasad on Sep 06, 2009 04:48 PM
we are talking about safety not service ... i agree that service of SBI is not good ... i said this earlier too ... but they are improving fast ... and give them some time .. they are learning too ... five years down the line even you would vouch for their service ...
but this article was about safety ... and you yourself admit that SBI has rock solid safety ... yes it is backed by govt ... but any kind of safety must be ultimately backed by muscle power ... now you have the option of choosing the muscle power of a goon or govt ... it goes without saying that govt is much accountable to you ..
Don't be carried away by these useless comparisons prepared by big bulls like Standard & Poor. "Standard" word should be replaced by "Cheap". Naam Badey or Darshan Khote.
Though Indian Banks(Government Banks only) may be offering less interest compared to MNC banks, but their stability is rock strong. Crores of poor and middle class people of India, old age pentioners, widows living on the pention of their husbands live the life confidently due to utmost trust on these banks. Top rated banks as per this consultant to BHADARVA NA BHINDA CHE BHAI!!
Re: Rubbish
by Haalayudha Dattuni on Sep 06, 2009 03:59 PM
wrong mr.pandeay, our people are yet to learn what banking is all about. lending money or safekeeping alone is not banking
Re: Re: Rubbish
by Haalayudha Dattuni on Sep 06, 2009 04:05 PM
and talking about safekeeping: my father went to germany on scholarship. opened an a/c with a bank left a small balance while returning to india. 20 yrs hence he retuned to germany and amazed to find that even this small a/c was safe with all interest accrued. no inoperative a/c there. and this happened ( the 2nd visit) happened 20 yrs back
Re: Re: Re: Re: Rubbish
by Haalayudha Dattuni on Sep 06, 2009 04:21 PM
tell me sree, do u know how many banks including the urban coop banks went phut during the recent years? who is watching? in india no one is accountable for anything. and there is always a judas goat to end an enquiry not to deliver justice.
Re: Re: Re: Re: Re: Rubbish
by Niraj Prasad on Sep 06, 2009 04:31 PM
who talked about coop banks dattani ?? are you comparing the best of west with worst of india ? shall we name the numerous ponzi style banks of europe and US ?? think some sense before opening your mouth.
Re: Where is SBI
by Micheal Daglous on Sep 06, 2009 03:12 PM
the worst bank,,,,i visited SBI ghatkoper branch,,,,even a smelly garbage drum is better then SBI'S office,,,,,,,,
Re: Re: Where is SBI
by Niraj Prasad on Sep 06, 2009 04:34 PM
we are talking about safety of your money not service ... of course service of those european banks are good ... but how confident are you of their longevity ... how much you can trust your money with any of those european banks ... i wont trust a single paisa with anybody except SBI and some other indian banks ...
Re: Re: Re: nonsense list
by Niraj Prasad on Sep 06, 2009 04:36 PM
but that metaphor means that you ensure the safety of your money on your own. how can you be so confident of doing in the face of so much crime ?? banks are your only option .. choose wisely
This article seems to be for the 1st world by the first world thing. It has got names of banks like "Wells Fargo" which was under pressure and had to take help, but has no indian bank.
Re: 50 saferst banks.
by benjamin antao on Sep 05, 2009 01:36 PM
hey thats because when our economy grows only then well have a safe bank we aint big now
our nationalised banks are safe n sure despite lacluster services.our bank employees are not commited 4 customer services as in the west but are dedicated to the bank 4 job security.every banker should exhibit ownership n deal with customercentric attitude.
