Some officers in banks are also responsible for all this mess . Banks should also take action on them. NaMo said he would start cleansing from Parliament. Instead he is just sweeping roads ..
Re: Banks responsible
by jeetendra dhingra on Nov 26, 2014 06:06 PM
More than 50% of BM/AGM/CM.DGM's have become dalal of land mafia, misusing absolute rights given to bank in Sarfaesi act,flouting RBI guidelines & directives being corrupt.
Rajan exactly expresses concern over NPA. The collateral submitted to the banks for the loans did not reflect actual value of loan granted . So the banks no other option but to write off the NPAs. The bank higher ups pending with politicians and they granted loans without any guarantee or lesser guarantee. The recent one is SBI's move to grant several billion rupees to Adani group. The Government and RBI jointly taking a strict norms to regulate the loan sanction like private banks otherwise the cry of Rajan is unheard for.
Re: RBI Governor 's address
by SRINIVASAN MUTHUSAMY on Nov 26, 2014 05:42 PM
I salute to him as first RBI Governor openly talk against this system. But he will take an individual clean up without politics then this message will thumps up otherwise thumbs down.
Re: RBI Governor 's address
by jeetendra dhingra on Nov 26, 2014 05:58 PM
On one hand bank higher ups connected with politicians are granted loans without any guarantee or lessor guarantee & on the other hand lower down bank officials ( BM,CM,GM,GM level) have become dalals of land mafia misusing absolute power given in 'draconian law’ Sarfaesi act sell single property owned by middle class & lower middle class at 50% of actual cost of property taking bribes/dalali to the tune of 5 to 25 lacs, irrespective of very higher collaterals securities with the bank.
Some times banks are also responsible.Even after initial defaulting bankers advances further loan without having proper securities and bank's control. But the ultimate sufferer is MSME Industrialist for which there is no enough finance for them. Ramesh Shah
Not keep lecturing.. We all know these and don't want gyaan sessions! What stops from arresting some of the well know defaulters? Why is there no action? They are all living lavish lives!
Re: Re: Time to act!
by martin descent on Nov 30, 2014 01:22 AM
"Are you an Infant of just 6months old who saw only BJP gvt till date ? Or looks like you need likemany others who burn in hatred Burnol"
RBI Governor, who was trained as an Electrical Engineer, is proving that he is a good banker as well. What is needed that right thinking political leaders, eminent economists and RBI should sit together to free the country from bank fraudstars.
There are some defaulters who are well known, host bolllywood stars, do elaborate poojas in Andhra and pretend to do gayatri japams. Some of them are also rajya sabha members, also belong to the reddy community. Guess who that is! The kingfisher case is recent and pales in comparison to the andhra cases, in fact must have been emboldened !
Re: large defaulters
by Sri R on Nov 26, 2014 04:43 PM
Also from Choudhary community and recently joined NaMo cabinet. Also a bank in Mauritius is behind this person.
Re: Re: large defaulters
by martin descent on Nov 30, 2014 01:23 AM
"Are you an Infant of just 6months old who saw only BJP gvt till date ? Or looks like you need likemany others who burn in hatred Burnol"
