When demonetization took, initial exchange period was upto 31 March 2017 at state capital RBIs. But, RBI did not honor that notification. Many genuine poor people lost the last hope of trusting RBI.
No point asking the RBI, who can only say what the one and only person tells it to say. Ask the Prime Minister himself, though of course, he might prefer keeping mum.
Re: NPAs and RBI - WHYNOT ASK RBI???
by paul theo on Nov 19, 2017 09:42 AM
IT RAIDS CAN GO ONIN T NADU, BUT SHAHS SON WILL NOT BE QUESTIONED, AND THE RBI WILL NOT BE QUESTIONED BECAUSE THE RBI CHIEF IS AMBANIS RELATIVE. KARLO DUNIYA MUTTHI ME
total corporate write off as NPAs is in region of 36 lakh crores of yours and mine savings in public sector banks. this mother of all scams which is a daylight loot and rape of Indian banking public is ongoing and only reason for demonetization was for banks to kick start lending again to the same thieves. when the loot ends bank officials will be made scapegoats and PS Banks will be privatized for their 'sins' and what is worth of your savings will be transferred to private fund managers
For Fixed Deposit with Banks , we need to ensure that the depositors get enough income to sustain their living as Inflation rTe is going up every year . If we have social system Like USA and free Medicare for senior citizens and housing for retired persons at affordable rent , then we can talk of lower Interest rates like developed country . Also , if the industry gets Bank Loan at better rates , there has to a check on profit they can be allowed . Pharmacy co have 400 percent profit on some items , why??? Just lowering interest rates for Business cannot be done in isolation . If any silly decisions of this sort are encouraged , there shall be people resentment for sure . Please exercise due care and then decide .
Who is this guy who wrote this article? The doctored inflation figures itself are going up. Just because you want to invest in the market, doesnt mean people should stop saving and adopt US styled debt ridden lifestyles!
Mr. Mahajan, you say that "the RBI refused to lower the rate saying inflation would go up, but it has not". Please go through the WPI figures for October 2017 and then comment. Have you ever gone to the vegetable market?
