Bankers / All India Bank Association has no right to protect culprits. It shall send a wrong signal to society. This is a sheer act of Arm twisting. Public sentiments says that ESMA should be provoked and any Bank employee going on strike should be dismissed immediately and No Perks to be give post retirement / dismissal. We Tax payers pay out of Hard earned and Tax paid money and these people keep on distributing money against favours.
Re: Arm Twisting
by puspita mukherjee on Jun 24, 2018 02:28 PM
Now that steps are being taken in respect of frauds committed, its the banking community itself that is causing obstacles to such corrective or punitive action.Do they have the right to do this?
Re: Arm Twisting
by puspita mukherjee on Jun 24, 2018 02:28 PM
Now that steps are being taken in respect of frauds committed, its the banking community itself that is causing obstacles to such corrective or punitive action.Do they have the right to do this?
Arming with huge ugly salaries ,benefits and freebies,through their trade unions and corrupt ministers the bankers who were part of the loot of the public money is not fit for any public sympathy.These glorified bank clerks must be tried like common criminals with a swift and hard punishment if loans are given without recoverable securities,all the money must be recovered from these bank clerks who will never fund a good technical solution from a normal engineer because the ugly bankers and his wives,girl friends are not treated in a give star comfort.No mercy to be shown to the now caught bank of maharashtra bank clerks,because they were part of stealing public money.They should not accorded bail or any facility and locked like a common criminal.
Time to encourage credit unions, small banks and get rid of the big nationalized banks which are paying inefficient and corrupt employees. Dismiss all corrupt bank officials.
"Bank of Maharashtra's share was Rs 1 billion."We are a socialist country where wealth distribution and acquisition should be equitable spread.To how many more companies can BOM give Rs 1 billion Loan.The country has to know.The report is that 74% of wealth is with top 10% people (Credit Suisse quoted by Ex.V.P.)The 10% people have no need to invest with 74% national wealth.How there can be money for investing?India wants equitable democracy?People have right.IF you doubt I quote as follows from newspaper report"“Where do we stand on the ladder of equity? This is a question that citizens of the republic can ask the state after 70 years of legislating welfare laws and adjudicating measures to deliver social justice.""The ground reality is dismal," he(Hamid Ansari) said during the inaugural address at the 9th National Conference of the Indian Association of Lawyers here. One more report is"Over 1950-1980 the bottom 50% captured 28% of the total growth and the income. Over 1980 -2014 bottom 50% had 11%) " .BANKS WE BLINK AT THIS WHAT YOU DO ?"and top 0.1%Earners captured a higher share of the total growth of 12%, the bottom 50%people capturing 11%) Research paper by Thomas Piketty and Lucas Chancel renowned economists web site WID.worldR.PONNAMBALAM
"The economy has bigger issues, and many internal factors lead to NPAs."Minds differ as do rivers Macualy"Internal factors have many dimensions.The Public money demands every dimension critically examined.Etiquette is to allow yourself to be questioned.You have the authority of Honesty to answer!If you do not allow yourself to be questioned you seek to be above Law.That is a LOW.R.PONNAMBALAM
"an element of anguish and to some extent, bankers are demoralised as they are being pulled out over short notice."Why be demoralised/When You are Clean there need not be any fear.Let the RIGHT TO QUESTION REMAINjust as does the authority to reply.R.PONNBAMBALAM
