What must I do right now to be on the path to getting the big picture? Where's the bull's-eye?)ON THE PATH TO GETTING BIG PICTURE FOR ME PERSONALLY ;that is really the big picture:getting the big picture for the bank:The bank is there for it:after all I am an employee.Everyman takes care of himself:let me take care of me.That is the right picture.But we won't accept fact.Keep writing more and more and more defending virtues of banks and it's virtuless operation and operators.Unless we give up this mental make up nothing can help us.R.Ponnambalam
The Privatization has looted the country's money for the SUPER RICH.Income inequality 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%the top 1% received a higher share of total growth than the middle 40% (29% as against23%)Research paper by Thomas Piketty and Lucas Chancel web site WID.world.Let Pvt. Sector start it's own Pvt.Banks.Don't privatise Public Sector banks or any Public sector Industries .Let we all have a modicum of honesty .Things will work.There is enough in India for every body but not for loot.R.Ponnambalam
Those who work HONESTLY give good results,Those who pretend give bullshit excuses. "all corruption and inefficiency of cases like in PNB and bad loans in banks flow solely from government ownership"NOT FROM THE BANKERS INABILITY &INCOMPTENCE TO EVALUATE PROJECT APPRAISAL FOR LOAN,NOT FROM BANK-'s MANPOWER TAKING COMMISSION ALONGWITH POLITICIANS OR SEPARATELY FOR LOAN SANCTIONING NOT FROM RELEASING MONEY AGAINST INCOMING CHEQUES TO THE PARTY WITHOUT TAKING THE BANK’S DUE.KEEP SPINNING AROUND .Any organization that is SINCERE and HONEST will produce results.Banks have got what that RK LAXMAN cartoon showed, DAY DACOITS .Please tell TOI to publish that cartoon dailyR.Ponnambalam
Those who work HONESTLY give good results,Those who pretend give bullshit excuses. "all corruption and inefficiency of cases like in PNB and bad loans in banks flow solely from government ownership"NOT FROM THE BANKERS INABILITY &INCOMPTENCE TO EVALUATE PROJECT APPRAISAL FOR LOAN,NOT FROM BANK-'s MANPOWER TAKING COMMISSION ALONGWITH POLITICIANS OR SEPARATELY FOR LOAN SANCTIONING NOT FROM RELEASING MONEY AGAINST INCOMING CHEQUES TO THE PARTY WITHOUT TAKING THE BANK’S DUE.KEEP SPINNING AROUND .Any organization that is SINCERE and HONEST will produce results.Banks have got what that RK LAXMAN cartoon showed, DAY DACOITS .Please tell TOI to publish that cartoon dailyR.Ponnambalam
breathtaking incompetence” If anybody from the banking Sector had told all these before any breath taking betrayal and incompetence broke out it can be believed.” looking around for who is responsible.”looking outside the banking system for who is responsible,.Nobody in banks is responsible. RBI deputy governor --- says the bank's systems were flawed; they need to be fixed.Yes, the Fitters working in some factories would go there and fix it.Let him tell what he had contributed for and against the banking system.” PSBs are in a perpetual mess because of the way they are owned and controlled.:No because of the betrayal and cheating by the---very respectable gentry.REMEMBER A CARTOON in TOI by RK LAXMAN LONG BACK.The people in the bank- counter are wearing a dacoit-like dress.The common man tells another man outside pointing to those inside the bank in that dacoit- dress”This type of people used to be on this side of the counter.Better ask TOI to publish that cartoon daily.The whole world knows.but we used to sing purity and propriety in banking system.” heart of Indian economy, the government-owned banking system,”It is the Heart Bleed of the Indian Economy-SHAME!! “government missing?”The total inability to dismantle this rotten banking system. "improve the outcome of your time, money, and effort by asking a simple question on every issue and every timeframe:Those who work HONESTLY give good results,Those who preten
Upgrading IT system is the only answer. Install world-class IT like SAP and remove all manual inteferences. This scam happened because PNB's IT system was not linked to SWIFT system . They had 2 very good systems but isolated from each other. This gap was misused by the crooks. Also the SWIFT system is very complicated to master and only Shetty had mastered it completely. His 3 bosses were too lazy to learn the SWIFT system and hence happily provided their passwords to Shetty. This problem can also be solved by higher security levels
a) Recover 2 %PA from all categories of depositors,as SAFE DEPOSIT CHARGES, instead of paying any interest thereof. b) Restrict LAND & GOLD PURCHASE very strictly. c) Lend @ 3 % PA to all categories of borrowers. d) AWARD CAPITAL PUNISHMENT FOR ECONOMIC OFFENCES too. e) LOAN DEFAULTS to be treated as CRIMINAL OFFENCES. f) NO TRADE UNION NUISANCES in BANKING INDUSTRY. g) 50% cut in MANPOWER in all Banks & VERY STRICT AUDIT IN BANKS.
Re: India-BANKING
by Jitendra Trivedi on Feb 27, 2018 12:39 PM
Mr.Kanai ! A couple of suggestions may be seriously studied and bring into practice.I am sure you must be knowing that any bank is neither give any guarantee of your lockers and except of One Lakh against your Deposit/Saving/Account. Please suggest where to keep your hard earned money? All these scams would not have been there if banks were not Nationalized. Let us hope and pray SBI does not fall in the same category like PNB.
Re: India-BANKING
by Jitendra Trivedi on Feb 27, 2018 12:39 PM
Mr.Kanai ! A couple of suggestions may be seriously studied and bring into practice.I am sure you must be knowing that any bank is neither give any guarantee of your lockers and except of One Lakh against your Deposit/Saving/Account. Please suggest where to keep your hard earned money? All these scams would not have been there if banks were not Nationalized. Let us hope and pray SBI does not fall in the same category like PNB.
Re: Re: India-BANKING
by PANDIA RAJAN on Feb 28, 2018 04:51 PM
This is simply an organised loot. Banks do not lend even few lakhs of Rupees even against 100% collatoral to MSME sectors!!
Re: India-BANKING
by on Mar 03, 2018 09:56 AM
What is the punishment for the bankers who didn't recover Loan from Incoming Cheques but released money to the defaulting party after the incoming cheque brought money.It is done for small fellows.Why it had not been done for BIG FISHES R.POnnambalam
While all this is going on, it is pertinent to ask why similar actions are not being taken against the farmers who have borrowed tens of thousands of rupees and defaulted ? Their land should be confiscated and sold to recover money. Those who are landless-as most of them are-they should be sent to jail. In jail they would get at least two square meals a day which they hardly get. Even some medical treatment who knows(have they ever seen a doctor ?). The recovered money can then be given Mama-Bhanja as fresh loan so that they can give back old loan Rs one lakh crore or whatever. This may be given in cash in large suitcases to avoid complications that may arise with LOU or whatever.
While all this is going on, it is pertinent to ask why similar actions are not being taken against the farmers who have borrowed tens of thousands of rupees and defaulted ? Their land should be confiscated and sold to recover money. Those who are landless-as most of them are-they should be sent to jail. In jail they would get at least two square meals a day which they hardly get. Even some medical treatment who knows(have they ever seen a doctor ?). The recovered money can then be given Mama-Bhanja as fresh loan so that they can give back old loan Rs one lakh crore or whatever. This may be given in cash in large suitcases to avoid complications that may arise with LOU or whatever.