• Why officers and employees are not transferred out from the Mumbai, Kolkata, Delhi, Bangalore, Chennai etc. and on the contrary employees of states like Orrisa, Bihar, and Jharkhand are frequently transferred out of their states even violating transfer policies?
• Why some officers are always given rural posting whereas some other officers are even promoted without rural posting violating government guidelines in this regard?
• Why some officers are allowed to work in their Metro towns for decades whereas officers of other small towns and villages are to change their place of working every year or alternate year without any incentive or compensation?
• Is there no punishment for those executives who indulge in corrupt practices and resort to whimsical transfers to keep away all employees who may prove hurdle in their money making process?
• Why RBI remains silent spectator of ill-motivated CEOs of banks and allows the malady in banks to accumulate?
• It is worthwhile to mention here that unhappy lot of employees cannot think for and make efforts to keep bank healthy?
• Is human resource not capital in real sense in Banking Industry and for some VIP CEOs of Bank?
Saturday, January 02, 2010
Friday, January 01, 2010
Rsing NPA causes bank's disinterest for small loan
This refers to news item that banks is reluctant to dump RBI’s move to dump BPLR based loans published in Economic Times on 31st of December 2009
It is unfortunate that banks demand freedom to decide rate of Interest for loans upto Rs.2.00 lacs so that they may charge interest rate higher than BPLR on small loans sanctioned to farmers, traders and other service providers .I Say unfortunate because Banks are not ready to accept Base rate only because they prefer lending huge money to Corporate and big trade houses at rate much lower than proposed base rate (8.55% tentatively calculated).It is unfortunate because banks are not agreeable to 5% cap on Non Priority sector lending. All these prove that banks in general have forgotten the basic agenda of banks and national priorities.
RBI and Government of India must ponder over this issue and try to find out the reason behind this change in attitude of bankers .After all what may be the reason behind such irrational attitude of banks. I say irrational because they try to forget common men on whom lies the even existence of big corporate and big traders.
Why are Banks in general afraid of lending money to small traders (loan upto Rs.2.00 lacs) and why they prefer investing in MF or depositing the surplus liquidity with RBI even at repo rate.
Is it not the fact that banks are afraid of increasing Non Performing Assets (NPA) in Priority sector lending which dilutes the profitability prospects of banks?
Is it not true that all legal tools in the hands of banks have proved ineffective so far as recovery from willful defaulters is concerned?
Is it not true that political leaders of our country has polluted the banking culture by announcing one after other waiver of loan scheme or putting pressure on bankers for offering Compromise scheme to from willful or recalcitrant defaulters for recovery of money?
Danendra Jain Ganaraj Choumuhani Agartala 799001 Tripura
31st December 2009
It is unfortunate that banks demand freedom to decide rate of Interest for loans upto Rs.2.00 lacs so that they may charge interest rate higher than BPLR on small loans sanctioned to farmers, traders and other service providers .I Say unfortunate because Banks are not ready to accept Base rate only because they prefer lending huge money to Corporate and big trade houses at rate much lower than proposed base rate (8.55% tentatively calculated).It is unfortunate because banks are not agreeable to 5% cap on Non Priority sector lending. All these prove that banks in general have forgotten the basic agenda of banks and national priorities.
RBI and Government of India must ponder over this issue and try to find out the reason behind this change in attitude of bankers .After all what may be the reason behind such irrational attitude of banks. I say irrational because they try to forget common men on whom lies the even existence of big corporate and big traders.
Why are Banks in general afraid of lending money to small traders (loan upto Rs.2.00 lacs) and why they prefer investing in MF or depositing the surplus liquidity with RBI even at repo rate.
Is it not the fact that banks are afraid of increasing Non Performing Assets (NPA) in Priority sector lending which dilutes the profitability prospects of banks?
Is it not true that all legal tools in the hands of banks have proved ineffective so far as recovery from willful defaulters is concerned?
Is it not true that political leaders of our country has polluted the banking culture by announcing one after other waiver of loan scheme or putting pressure on bankers for offering Compromise scheme to from willful or recalcitrant defaulters for recovery of money?
Danendra Jain Ganaraj Choumuhani Agartala 799001 Tripura
31st December 2009
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