First see who these loan defaulters are ...all big business community they live aluxurious life and in papers bankrupt.We need to change laws confiscate the property of all kith and kins.It is petty a small defaulter for 5-10 lakh has to face auction whereas a lala sitting pretty still gets patronage in name of creating wealth for country.Do you think these private sector banks are holy all frauds for money laundring and stacking black money
This timing is best for Jaitley to massively clean the Banking system. Merge weaker banks with the stronger banks and issue shares to the public. This way Govt influence through dubious politicians will stop and the money will be more secure. We have an able RBI Governor and with his help the entire system can be cleansed. We must get Chidambaram and Pranab Mukerji to answer for setting the rot
Three things are needed to run a bank or for that matter any organization. Competence,Dedication and Honesty. Is it that difficult to find a few such people among 1.2 billion population?
Each of us who is not influential must live as if a massive banking sector collapse is imminent. What happened in Cyprus and Greece will happen here too soon. Even one big PSU bank is enough to have domino effect on entire sector. When that happens, these crooks will withhold our money and leave us bankrupt and abandon us on streets, while their Directors and CEOs go golfing with netas, judges and babus in a bid to stay out of jail. Take care, and keep atleast some percentage of savings outside banks. Nobody in government will bat for you or me or us when the collapse happens.
$2 Trillion Bank Loans Are Evaded By Bania. Tell BANIA to take their Caste share of land from India and go build their own nation as per "Communal Award". They're less than 1% in India.
