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'Today, even the RBI is under political pressure'


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Parallel Economy.Parallel govt
by on Jan 28, 2018 09:57 AM

“economists want to reduce the interest rates so that they can help the corporates” Some want Privatization and Market Economy and want the Govt. not to run and manage public Sector industries so that Rs.44000 crores -a small amount- can be got as loan and they can run industries. Rubbish; that can run Parallel Govts.and parallel Economy with such swath of money .Does it not stand lost on all those championship of market economy.Who wants Economic development of the country R.Ponnambalam

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The property can be with the banks
by on Jan 28, 2018 09:47 AM

"borrowers have quite a lot of assets but, once you start insolvency proceedings, the assets will be sold at a low price."This is a sort protecting the defaulter.UNFORTUNATE!.Anyhow the money is now not with the bank NOW;If the sales value is not adequate enough wait until is bright to sell it.The The property is with the bank.Why is it defended indirectly that it must be with the defaulter.R.Ponnambalam

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Well said;Go ahead with
by on Jan 28, 2018 09:42 AM

"What the government should have been doing is: Attach the personal assets of these borrowers because they are responsible for the crisis if the government is not".The Banks who disbursed the loan also is responsible to the nation to recover the loan .The Govt. should go ahead with.When for non payment of housing loans houses are auctioned why NOT THIS ALSO.?WHY NOT THE BANKS INITIATE IT?THE BANKS AS THE LOAN GIVER-NOT THE GOVT.-has the right to do it.R.Ponnambalam

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Upperstanding of Not understanding
by on Jan 28, 2018 09:34 AM

"From the day banking started, there have been non- performing assets."No.From the day when the bankers were not held responsible for NOT ensuring and establishing in writing when the loan is sanctioned and paid,the ways and means to recover the dues to the banks and when bankers went scot free to release the money against incoming cheques to the party without deducting the dues to the banks unrecovered loans started building up.But unpaid housing loans are realised by auctioning the houses.The other loans get other understanding, things more standing still under and so are not recovered R.Ponnambalam

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what was banks action on defaulters?
by on Jan 27, 2018 09:17 PM

" deposits are growing, advances are growing",The customers have contributed to the growth as you say." That the banking sector in India is actually growing".The unrecovered loans (ie in banks parlance NPA) had failed the banks.That is because the banks didn't take timely action to recover Loans.THE BANKING SECTOR DIDN"T WORK PROPERLY Don't banks auction houses if housing loan was not repaid.Then why banks had not on their own started action to auction those defulters units.R.Ponnambalam

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Why the nation is not told in bank account closure periods.
by on Jan 27, 2018 09:08 PM

"Between 1991 and now, small credits have practically reduced and large credits have increased."Please tell us why and how it had happened and how that stands justified?.The P.S.Bs owe it to the Nation to tell it at least annually.Else why banks have half yearly account closure and yearly account closure etc .Why banks had released the money from Incoming cheques to defauoters without realising the loan amount.BANKS ARE FAULT IN THIS. R.Ponnambalam

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Taking us all for a ride
by on Jan 27, 2018 09:02 PM

Now, you give a loan of Rs 100 crore to one person." When he defaults, it is a huge burden on the bank.What is the justification by the banks to give loans like Rs.44000 crores when we are a declared socialistic country and wealth has to be equitably distributed.To how many people banks had given loan of Rs.44000 crores.Is the bank rich enough to give such loans to 5 % more Indians and can it give ?If banks had allowed such loans banks should have known that that party has time enough to devote to control that operation involving Rs.44000 crores.If that party is already in other business can he devote time enough to operate this money effectively.What was the result after the use of First instalment disbursal.Had the banks given status report periodically to RBI and to Public information.Money is high amount.Nothing had happened to be seen by Public view.Banking Industry continues to take the country for a ride.R.Ponnambalam

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40yrs. experience in Power sector before Privatization
by on Jan 27, 2018 08:51 PM

"When those working in the power sector were about to produce power, the cost of production had gone up due to various extraneous factors."The power Sector had worked for 40 yrs. before this privatization and Economic Reform Drama.If after 40 yrs. of manufacturing,& Operating experience in Power Sector with companies like B.H.E.L.' ACC-BABCOCK,Issac Jhon Thompson.Thermax and State Electricity boards all having competency in this sector and who had served the sector well earlier for 40 yrs.available if we try to fool around that" the cost of production had gone up due to various extraneous factors." we should better wind up as a ----.Shame!!.Too much of befooling the Public R.Ponnambalam

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Subodha Barik
rbi u sgtop this now ban this.
by Subodha Barik on Dec 06, 2017 12:36 AM

its my order.otherwise i m broke out this.this is my dream ,its not modi ,jaitlley,amirt saha dream is not,mind it,now ban this,after election finish ,then i m focusing this.mind it,this is my order.u nothing doing.mind it,

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kaushal bharti
about present scenario of rbi and union government policy
by kaushal bharti on Sep 23, 2017 07:33 AM

i am not saying every man and organization is perfect.and not do any mistake.when we talk about government of any country like india walfare state.government is responsible much more.so it should important that government try to know impact of policy on ground and local man if it is working it is good and not working bad for the government is common but it is not accepting by govenment and correcting it ,is bad for the country like india. just like union government and rbi doing with people of india. rulling man must punish in comming election

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