Let zombie firms linger on & banks stay crippled a little longer if it leads to deeper reform, so India can get away from broken financial system of the 1980s.
Arvind Panagariya backs Modi govt’s decision to not go in for fiscal expansionary policy, says funds will be needed for demand stimulus and bank recapitalisation.
The recapitalisation of banks fits into the pattern set by other developments that indicate we are moving away from the Modi promise of less government.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
Agree. We need a system similar to the German model of many smaller landesbanken. Allocation of capital needs to be optimized. This will not happen with the current too big to fail public sector banks.
Before supporting Private banks, you must consider that they only focuses to serve upper class and making profits. While A public sector banker serves to each segment including lower class( which is a mass chunk of population) , plays important role in implementing govt welfare schemes for common man. I would like to please consider a suggestion.Visit a public sector bank branch where a few staff members are serving thousands of people with limited resources and work load of theirs is significantly more than any private sector banker.
The challenges they are facing in their profession and it’s impact on their personal lives,banking from their point of view.
I don’t understand u speak bad on psu bank….. Who are the actual defaulters.. Private corporate entities have defaulted not a single psu or government companies have defaulted…..
Take action against the defaulters.privatisation is not solution for anything. As long as corruption is erased nothing will going to happen.
Do you think ICICI bank and HDFC are financially strengthen. You take inputs from employees working there. It will be another Yes Bank like one day…. Wait and watch
What about private yes bank and PMC bank n ICICI bank frauds for personal mgt frauds….U all have need Pvt banks like big corporates like Mallaya , Nirav n chanda kocher husband…They did frauds n scams …But govt just raise issue during elections n shut ur mouth after it…These corporates funding govt parties ….Govt is so helpless these ..They can’t bring tuff banking defaulter Acts …It is of no use for govt…This govt has no pain fr customers
Agree. We need a system similar to the German model of many smaller landesbanken. Allocation of capital needs to be optimized. This will not happen with the current too big to fail public sector banks.
Since the author is not a victim of any private sector banks or of the PMC bank, he opined for publicity
Before supporting Private banks, you must consider that they only focuses to serve upper class and making profits. While A public sector banker serves to each segment including lower class( which is a mass chunk of population) , plays important role in implementing govt welfare schemes for common man. I would like to please consider a suggestion.Visit a public sector bank branch where a few staff members are serving thousands of people with limited resources and work load of theirs is significantly more than any private sector banker.
The challenges they are facing in their profession and it’s impact on their personal lives,banking from their point of view.
Instead of making a strong law for punishment against loan defaulters you are just blah blah blah
I don’t understand u speak bad on psu bank….. Who are the actual defaulters.. Private corporate entities have defaulted not a single psu or government companies have defaulted…..
Take action against the defaulters.privatisation is not solution for anything. As long as corruption is erased nothing will going to happen.
Do you think ICICI bank and HDFC are financially strengthen. You take inputs from employees working there. It will be another Yes Bank like one day…. Wait and watch
What about private yes bank and PMC bank n ICICI bank frauds for personal mgt frauds….U all have need Pvt banks like big corporates like Mallaya , Nirav n chanda kocher husband…They did frauds n scams …But govt just raise issue during elections n shut ur mouth after it…These corporates funding govt parties ….Govt is so helpless these ..They can’t bring tuff banking defaulter Acts …It is of no use for govt…This govt has no pain fr customers