I feel too much analysis of what has happened in the past and which are irreversible are being It is necessary but not adequate . What is to be done in concrete terms and I also feel we need it see how the banks are positioned globally . The problem we see here is an inherent problem in a lender borrower situation and there are instances when giants have fallen despiter compliance with all well intentioned measures such as capital adequacy etc Should not a responsible and credible agency not do it without much public fuss a
I feel too much analysis of what has happened in the past and which are irreversible are being It is necessary but not adequate . What is to be done in concrete terms and I also feel we need it see how the banks are positioned globally . The problem we see here is an inherent problem in a lender borrower situation and there are instances when giants have fallen despiter compliance with all well intentioned measures such as capital adequacy etc Should not a responsible and credible agency not do it without much public fuss a
The RBI Governor, hopeful of the fall of Modi in 2019, is engaging in I-told-them-so style "peshbandi" (self-exculpatory exercise) to retain his credit with the successor dispensation and get another term! How foolish of Modi-Jaitley to have chosen him without looking into his bona fides. His attitude is being parroted by his subordinates in the RBI and cronies among the financial journalists!
Re: Govt is the favourite Whipping Boy of the Opposition &
by Jagannath Shetty on Nov 05, 2018 07:54 AM
You appear to be an incompetent person to comment on economic matters. Please mind the language you use.
Several financial experts blame the current RBI dispensation for not taking a firm stand against demonetisation that not only damaged the financial economy but also slowed down economic growth. Perhaps this guilt of the past is prompting RBI to resist the Govt. populist measures ahead of 2019 elections. Govt. must heed to the advice of the RBI on crucial money matters & not attempt to subvert the bank`s autonomy one way or the other.
PSB's are stressed because the staff are not getting their cuts, as they cannot disburse illegitimate loans anymore, due to banking reforms brought in by the present Govt.
Re: PSB's are stressed
by surojit bose on Dec 28, 2018 01:44 PM
They were taking cut money from both legitimate and illegitimate clients. They were working on percentage basis as is prevalent in PWD etc.These guys should be put behind bar immediately. This will convince the citizens that the present Govt has really done a good job.
Re: PSB's are stressed
by Anil Kumar on Oct 31, 2018 03:23 PM
Yes reforms on giving safe passage and bringing banks to doom.Now you will say disbursement in previous regimes but they never said want recover. IFSl is another example of how to ruin banks and favour few and lately giving benefit bankruptcy with co.....
Re: Re: PSB's are stressed
by Gladyschellam on Nov 01, 2018 10:46 AM
Yes PSB are stressed - Since nationalisation 1969 no bank failed to earn profit except one year by one bank and that too because of failure to classify NPA a/cs when it was introduced during 1995. However the same bank still continues to show profit till Mar 2018 along with another bank while remaining 19 PSU banks failed. All banks have shown profits till Mar 2015. The decline started since Mar 2016 and during Mar 18 all banks except two south based put together shown a loss of 87000 crore. Reasons are many and only experts could state.
As to why some Private banks have shown either a lesser profit or loss since Mar 2016. Just to put the blame on others when failed and praising themselves is habitual among human.
Re: Re: Re: PSB's are stressed
by ASHOK UPADHYAYA on Nov 04, 2018 09:32 AM
True.... Nationalisation is main cause.. interefereance of politicians.. corruption, various schemes by PMs like IG 20 point programme, Subsidies, Mudra Loan, Debt waivers, no stringent actions for wilful defaulters from vary beginning, loans without collaterals, mentality of borrowers not to repay debts, what banks will do? Mallya, Modi’s etc are not repaying why we should repay.. give such examples... many have money capacity earnings to repay but are not intentionally not repaying spending lakhs crores of rupees ..now sanction of loans upto 1 crores within 59 minutes, delay in court cases, irresponsibility, integrity of bank executives, officials, employees etc....
Re: Re: Re: Re: PSB's are stressed
by Gladyschellam on Nov 04, 2018 01:03 PM
Sir, what will be your reply to the following when occurs - Drought, famine, Flood, Fire - like natural calamities. Global recession, Indian recession, Decline in IIP,manufacturing and exports, Rupee value down etc. Problems related to Industries as a whole - Death of borrower, Dissolution for disputes among partners - Legal delay, Legal decisions affecting bankers. Political decisions: Demonetisation - banning of certain Products being manufactured, Like US imposing import taxes in their country and the reverse, Rupee Value down and escalation of cost of petroleum products etc. Regular Frauds etc. Also there, improper identification of borrowers, sanctions, failure of monitoring, failure to notice end use, Diversion of funds etc. Violation of rules and regulations - loss to the bank for which concerned staff are being punished depends on veracity. CORRUPTION: minor corruption - not being given powered position ever later. Goes upto CVC level which many are not aware and still more.
As the banks union is very power ful and stron, the leaders hesitate to do on his own as there are so many whistle blowers. Seldom you could have noticed that managers and above are/were punished by court.
Re: Re: Re: Re: PSB's are stressed
by Jagannath Shetty on Nov 05, 2018 08:19 AM
Absolutely correct observations. Behind the decision of Govt to sanction loans upto Rs.1.00 cr in 59 minutes - oral pressures on Bankers will drive our country's economy down. It is only because of strong RBI there is some hope for the future. But with the MSME sector already under stress releasing of massive loans of Rs.1.00 crore in 59 minutes is really scaring. LET US HOPE THAT THERE WILL BE SOME BANKERS AMONG THE PSUs TO WITHSTAND THE COURAGE TO SAY NO TO UN DESERVING CASES.
