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'Public sector banks fear being hounded by the 3Cs'


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R ponnabalam
thretening 3 C's
by R ponnabalam on Dec 09, 2017 07:26 PM

Great Rediff you didn't display what I wrote.But it is true that every thief feels threatened by 3 C's Constable, Court of Law and Community R.PONNAMBALAM

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R ponnabalam
Thre C threaten every thief:Contable court community
by R ponnabalam on Dec 09, 2017 07:24 PM

"There is still lack of confidence among investors,"confidence on what"?on their ability to business honestly!The Govt. is wasting time.It should revive Public Sector Industries.The private Sector is mother of Kick backs industry.What is the contribution of Pvt. sector in the past 30 yrs.Research paper by Thomas Piketty and Lucas Chancel renowned economists web site WID.world states "in India in 1930s >Top 1% earners captured 21% of total income.In the early 1980s that dropped to 6% income for top 1%and Now it 22%income for Top 1%.To enhance the wealth of the top 1% should India recapitalize the banks.If 44000 crores can be given to one corporate why they cannot be used to run Public sector industry.Every THIEF thinks that he is threatened by Constable, Court of Law and Community.There are three C's .Let us publish articles defending every thief.R.PONNAMBALAM

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susarla suryaprakasam
Public sector banks fear being hounded by the 3Cs'
by susarla suryaprakasam on Dec 08, 2017 11:13 AM

Tamal Bandyopadhyay is arguably the country's leading commentator on India's banking sector- bullshit.
1.      First of all, Banks are ignorant of corporate financing, mostly gong by the hrd-mentality.
2.      The corporate like any street vendor look to sell items on demand, but unable to come out when demand is receding, a weakness they could not overcome till day, that too in India only, as they are not thinkers of the future.
3.      The corporate became entrepreneurs because of their proximity with Governments of the day, by –ships or by bribes for contracts / licenses / free ore excavations.
4.      Bankers roaming at the corridors of power for favours oblige them with loans to their kith and kin, with little chance of recovery ( several frauds in exports originated from here).
5.      None of the top executives in banks have any professional qualification except CAIIB since joining as Pos, who rose to MDs & CMDs, thus lacking past, present and future astrology of Industry they are lending to (Nano, telcom sector, Future electric vehicles changing map of auto industry (earlier Amby & Fiat gone bankrupt)…).
6.      The top Bankers of PSBs have no idea of work culture of the banks they are heading, zero / insignificant holdings of the banks they represent , as such promoters stake being zero, no loyalty except to the bosses who choose them.
7.No in-house knowledge enrichment by sending talent to Business Schools to nurture future prospective forecasting Bankers (Mallya-KFA is o

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p c g
LACK OF EXPERTISE IN INDIA
by p c g on Dec 06, 2017 07:50 PM

WHILE SINGAPORE INVESTS ALL ITS FOREIGN EXCHANGE EARNINGS IN A SINGAPORE GOVT. MANAGED FIRM , EARNING MORE THAN TEN PER CENT ANNUALLY , INDIA IS INVESTING MORE THAN 300 BILLION DOLLARS OF FOREIGN EXCHANGE IN THE U.S.A. , EARNING ONLY A MEASLY ONE PERCENT AS INTEREST !! WHY ??

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venugopal devarakonda
PSU BANKS ARE SAFE
by venugopal devarakonda on Dec 06, 2017 04:41 PM  | Hide replies

PRIVATE COMPANIES AND PRIVATE BANKS MAY CLOSE DOWN OPERATIONS ANY MOMENT SINCE THEY HAVE NO PILLARS TO STAND WHEREAS PSU BANKS HAVE GOVT BACKING AND WILL SURVIVE IN ANY CLIMATE.

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mitesh
Re: PSU BANKS ARE SAFE
by mitesh on Dec 06, 2017 06:01 PM
you are right.

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velamuri sundar
funding of psb"s
by velamuri sundar on Dec 06, 2017 12:25 PM  | Hide replies

It is unfortunate to comment on the PSB vs private banks because both are different in their approaches. private banks only look for the profit than for the country. where as the PSB'S are forced to lend to the general public as well as the infrastructre, social welfare measures and to meet any eventuality by the government. Private banks look for their profit only and they don't lend to priority sectors as per the governments dictims. hence one cannot compare both.

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R ponnabalam
Re: funding of psb"s
by R ponnabalam on Dec 24, 2017 08:37 PM
Had anybody forced banks not to recover loan from incoming cheques to defulters.Has anybody forced banks to fudge balance sheets for so long till the last 3 years or so..Has anybody forced banks to give additional loan when the first loan had failed in repayment.Are banks corruption free?

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