No blunder, biggest blunder India is facing service conditions of employees where no action on non performers, unfits and suspected corrupts. Who will change it?
Re: Blunder
by NEELAKANTAN R on Jul 21, 2015 01:35 PM
The biggest blunder was nationalization which made inefficient government to infuse more people to do same job. Look private banks functioning with less staff. SBI one of the biggest bank is the most inefficient organization in the whole world.
The govt should not be in business.People talk about banks failing in u.s a but they are forgetting that the govt has put in much by constantly bailing out these banks .The N.P.As are huge and most of the defaulters get away without paying the necessary amt.Stick to private control and let the govt run the administration effectively
Mr Subramaniam, Your birth also is a historical blunder, just added to the ever growing population of the burdened country. The world is today talking of Financial inclusion, nationalisation of banks was the first leap towards financial inclusion. But this govt wants exclusive growth, exclusive development and exclusive finance, ultimately leading toi the survival of the exclusive people only.
each system has its own advantages and disadvantages except rich/pvt sector would always exploit poor and this been the logic behind nationalisation as per published reports...
India was not sucked into the 2008 economic holocaust just because of our govt. control on bank and RBI. even with all these stringent controls, NPA due to corporates looting is piling up! The adviser want to clean up and join some US FI!
Re: corporate slave?
by yahoo on Jul 21, 2015 01:13 PM
Where are the NPAs? Primarily in nationalized banks! Private banks have very controlled NPAs.
Nationalized banks had nothing to do with 2008 crisis. India did not have problem because we did not have subprime crisis issues, due to effective RBI control.
Re: Re: corporate slave?
by Badari Narayanan on Jul 21, 2015 01:46 PM
@Yahoo Well said. Many like Suresh Kumar and Brian Crasto would like to believe that corporates are alone responsible for all problems
In a developing countries partly certain sectors have to be nationalised. As the banks were nationalised the crises of 2008 did not affect the banks. In 2008 the US had to bail big bank including citibank to the tune of $800 billion dollars. Lehman brothers had collapsed. These were all private banks. HAs mr Subramanian learnt anything from 2008
Mr.Subramaniam - ANy idea about lehman banks,Long term credit bank of Japan and 25 other Big banks and why all went bankrupt?
why you want bank to be privatised/ To charge customers for filthy things?
thought you are welcomed by the current government even you had ideological differences with the PM But you have ideological difference of indian middle class and poor people too.isnt it
Re: Nationalisation of Banks
by venkatesan on Jul 21, 2015 12:41 PM
How government banks are functioning. Lazy and sleepy atmosphere is prevailing all nationalized banks. Everybody knows.
Re: Re: Re: Nationalisation of Banks
by Badari Narayanan on Jul 21, 2015 01:48 PM
Really? UPA led loot of banks by forcing banks to lend to the undeserving has led to huge NPAs. Kingfisher airlines a good example, right?
Nationalisation and dis-investment is a part of Govt. gimmick to be-fool people. Biggest liability which govt. has and which is bringing in red every Govt. unit is guarantee of job till retirement even to unfits, non performers and corrupts, IIndly DA linked pension. Correction is needed to improve efficiency.
