Crony capitalism has built up slowly in India, emerging as a Frankenstein’s monster. Telecommunications to transportation, the landscape is starting to resemble a Monopoly board.
When private banks get into trouble, unsophisticated households lose their bank deposits. To protect them, a resolution corporation needs to be set up.
The last time this matter flared up was when Delhi Chief Minister Rekha Gupta, in a very similar directive in April, called for the relocation of stray dogs in the capital.
Finance ministry says the proposed revamp will focus on structural reforms, rate rationalisation & ease of living, & will be deliberated upon in the coming weeks.
The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.
Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?
You are comparing the govt hospitals with private hospitals. Govt enterprises are taken into granted for anything. First, borrower thinks it is govt money and we need not pay. Second is the formalities .Third is the recovery mechanism and fear of non payment of loan. Are they equal ? Comparison must be with equal parameters and infrastructures.
Great article dear authkr. Why don’t you specify the real reason?
PSUs are overburdened by no profit Govt schemes.
Even during extremely busy days, we still respond to mails and calls at any levels. Try calling HDFC or Icici, you will be greeted with IVR stating that they are working with less staff and you will be left with unresolved Grevience.
Private banks can’t compare to workload handled at PSBs.
Great article dear print. Why don’t you specify the real reason?
Sitting at HO it’s painful to watch our branches overburdened by all government schemes with absolutely no profit. And yet you compare our profitability and efficiency to private sector?
Even during extremely busy days, we still respond to mails and calls at any levels. Try calling HDFC or Icici, you will be greeted with IVR stating that they are working with less staff and you will be left with unresolved Grevience.
Private banks can’t compare to workload handled at PSBs.
Bcoz in last 5-6 years public sector banks are over burdened with numerous government sponsored schemes. These schemes are not providing profit , even banks are occurring losses due to these schemes , man power and time are being consumed in these non profit activities . And at the end of the day these comparisons of public and private sector banks made.
PSB are busy with APY, SHG, JLG, PMSBY, PMJJBY,
Sunkanya Yojana and many other very attractive highly profitable schemes.. expect loans and disbursements, and recovery.
They are enjoying acute staff shortage and soft action on defaulters….
They are real worker of political games and propaganda. And are happily disbursing old age pensions of rs 500 or 700.
It clearly shows that BJP govt wants to pvt banking sector.
PSB are over burden with government sponsor schemes
You are comparing the govt hospitals with private hospitals. Govt enterprises are taken into granted for anything. First, borrower thinks it is govt money and we need not pay. Second is the formalities .Third is the recovery mechanism and fear of non payment of loan. Are they equal ? Comparison must be with equal parameters and infrastructures.
Great article dear authkr. Why don’t you specify the real reason?
PSUs are overburdened by no profit Govt schemes.
Even during extremely busy days, we still respond to mails and calls at any levels. Try calling HDFC or Icici, you will be greeted with IVR stating that they are working with less staff and you will be left with unresolved Grevience.
Private banks can’t compare to workload handled at PSBs.
Great article dear print. Why don’t you specify the real reason?
Sitting at HO it’s painful to watch our branches overburdened by all government schemes with absolutely no profit. And yet you compare our profitability and efficiency to private sector?
Even during extremely busy days, we still respond to mails and calls at any levels. Try calling HDFC or Icici, you will be greeted with IVR stating that they are working with less staff and you will be left with unresolved Grevience.
Private banks can’t compare to workload handled at PSBs.
Bcoz in last 5-6 years public sector banks are over burdened with numerous government sponsored schemes. These schemes are not providing profit , even banks are occurring losses due to these schemes , man power and time are being consumed in these non profit activities . And at the end of the day these comparisons of public and private sector banks made.
Performence of BJP. Desh ko kese barbaad karna koi inse Sikhs.
Har har Modi Ghar Ghar Modi.
PSB are busy with APY, SHG, JLG, PMSBY, PMJJBY,
Sunkanya Yojana and many other very attractive highly profitable schemes.. expect loans and disbursements, and recovery.
They are enjoying acute staff shortage and soft action on defaulters….
They are real worker of political games and propaganda. And are happily disbursing old age pensions of rs 500 or 700.
Haha