"have to come out of this mindset and adapt the culture of lending once again:"Our news-system used to talk about one "Mr.S" from another country and his 10%.Our newsdom never had ventured to write on things like that about Indian systems.If our systems are that honest and fair our banks will grow and banks reputation will grow.You should provingly establish that fairness in banking system. A personal experience when I was out of job once .I had a S.B. Account;once applied to small scale Industry office ;they wanted a certificate as to how I had operated my account.I approached the SBI ;Mine was till then only for salary, impeccable at that.I was told by the bankMGR. that he would sent the report to that office direct and would not give it to me or a copy to me.I told himI am asking for as an account holder, not that office:You write whatever you like:i don't mind nor request any favour.That office won't search your report and give it me .He didn't budge.I felt I don't have money to manage these all.Drop it better look for job.R.PONNAMBALAM
All are sins of congress govt.now coming into limelight due to transparency of Modi govt. Hire and fire should be normal policy of banks and other govt. bodies so that suspected corrupts and non performers are removed. Adamant, arrogance is common feature with public sector banks while dealing with common man. Complete overhaul is needed there but govt. itself is not dare enough to do it.
Re: Bankers
by R ponnabalam on Feb 16, 2018 09:59 AM
All Govt. sector must be run imposing no work no pay.Absolutely No time wasting be allowed.For everything done time limit for action must be given.In a Pvt. company the system was that I had to give the number of pending GRNs and the reasons for their pending.If not satisfactory I would be taken to task.Public Sector industries must be run on Profit basis not on charity basis.dadagiri must be shown the doorR,.Ponnambalam
"There is risk involved in all the decisions, like businessmen taking risks in their businesses.".An ordinary construction workers takes more risk by going up ladder to 6 storey buildings or in factory buildings and working there'The probablity of falling down from height, or the probability of molten steel at 1600deg Centigrade from steelmelting floor falling on workmen working in the down floor and the like are real and much more severe risks.One needs to work.There is no work without risk.But tell about benefits in your works as compared to the people talked now.R.Ponnambalam
“many instances of borrowers diverting money.”So it is known to the bank:the banks are mute spectators.”What will the banks do with recap money also now.” We have to understand that there could be many reasons behind an account going into difficulties and creation of NPAs in banks.”People who can understand and take actions and steps to avert that are supposed to be there.if not so it the flaw is in banks recruitment system to have had not adequately competent man power of due integrity . We have to understand the reasons or causes which all would make the loan NPA in banks favourite parlance and ensure that those do not arise.Banks had miserably let down the use of Public money.r.Ponnambalam
"because a bank is expected to keep only minimum capital, which is the core capital or the tier 1 capital."When it is know to banks so the banks should have recovered the loans in time.Banks auction houses against non payment of housing loans.Why no parallel action had not been taken for thess big loans.Corporates have loans standing at the level of Rs.55000 lakh crores..In Public Sector Steel plants the investment was below Rs.400 crores(if memory doesn't fail me it was something above 300 crores) in the early days with everything imported. Now with much indigenous machinery availability the correctness of the amount of loan released must be shown as justified>Even if by PPP it is 100 times more it is 40000 crores.Bank who gobble up recap money for running the banks must be fair and honest enough on their own to tell the what went wrong.That is not done R.Ponnambalam
"because a bank is expected to keep only minimum capital, which is the core capital or the tier 1 capital."When it is know to banks so the banks should have recovered the loans in time.Banks auction houses against non payment of housing loans.Why no parallel action had not been taken for thess big loans.Corporates have loans standing at the level of Rs.55000 lakh crores..In Public Sector Steel plants the investment was below Rs.400 crores(if memory doesn't fail me it was something above 300 crores) in the early days with everything imported. Now with much indigenous machinery availability the correctness of the amount of loan released must be shown as justified>Even if by PPP it is 100 times more it is 40000 crores.Bank who gobble up recap money for running the banks must be fair and honest enough on their own to tell the what went wrong.That is not done R.Ponnambalam
In my opinion Mr. Modi should kick off Arun Jaitely our Finance Minister. He is the worst minister in his portfolio. We all have seen how he managed the Demonitisation/ Note Ban, GST Implementation. Complication in Tax regime etc by implementing long term capital gain. I was a strong BJP supporter who came from AAP. I am thinking of going back to AAP now. I lost all hope. Continuation of NDA govt is just a wish. India will never prosper. Mr. Modi is either incapable or helping the crooks
"NPA means "What corrective action had been taken in time to get back unreturned bank loans?How much money the banks had released from incoming cheques for the party and why , without recovering loan repayment?Let that be said in public !When banks have not helped themselves why the ordinary tax payer must pay for recap.What is that Non performing Asset?”Banks give loan of the land’s currency with the guarantee of RBI Governor .Where and when that currency had not got it’s equivalent worth.when it had not ,the loan had performed.The banker had not performed his duty to recover the loan.R.Ponnambalam
