"Did any private Bank ever
turn around any ailing Public Sector Bank?
Did any Public Sector bank fail
after taking over
private banks with heavy losses?''
PLEASE GO THROUGH A LETTER TO THE EDITOR, of Some Website News Paper SENT BY Com.TH0MAS FRAN CO
The present leadership of AIBOC is very much logical and to the point in their view Today GS, of AIBOC sent their messege to a onlone news paper. He told that
"The Editorial of that paper dated 3rd May 2017, the article of Some (name) on 2nd May 2017 and another article today by ( same name) are outrageous. If you want to show any semblance of neutrality expected of a newspaper kindly publish the arguments of us too. I am sending herewith two press releases and articles which you should publish for a public debate. Can your writers reply to the following questions without bias?
1. Could the Govt achieve 28 Crore Jandhan accounts, most of which are unremunerative for bringing financial inclusion to some extent without Public Sector Banks?
2. Has any Private Sector Bank taken over an ailing Public Sector Bank and turned it around? If the Public Sector Banks could take over 24 ailing Private Sector Banks including Global Trust Bank which had a loss of Rs.1100 Cr, how do you measure efficiency?
3. Dhanlakshmi Bank Ltd is accumulating losses for the last 4 years. Why can’t some Private Sector Person take over and turn it around?
4. All Public Sector Banks have increased Gross Profits. Net loss is due to NPAs for which the Economy and Govt policies are responsible. Have you looked at the Report of the Parliamentary Standing Committee on NPAs? Why you have not asked for implementation of the recommendations?
5. The Banks Board Bureau brought few people working in Private Sector to head Public Sector Banks. Have they performed any miracles?
6. How can Mr. Xyz write about performing last rites without looking at the social goals performed by the Public Sector which have brought relief to millions of Indians?
7. Don’t your authors know that just around 2000 A/cs are responsible for the major NPA and if Govt really wants, it can take action which will turn around all these Banks?
8. Have you ever calculated the total dividend received by RBI and the Govt from Public Sector Banks and compared the same? Have you looked at the total amount of taxes paid to the Govt? If so publish the details.
9. Ask the authors to read the RBI discussion papers released on 11.08.2010, 27.08.2013 & RBI Report 2010 which have talked about inefficiency of the Private Banks and suggested to avoid Corporate houses starting Banks. Do these authors think that RBI functionaries before Dr. Urjit Patel & Dr. Viral Acharya did not have any knowledge or vision?
10. Are the representatives of the RBI & Finance Ministry in the Boards of Public Sector banks responsible for the loans approved by them while they were in the boards including Dr. Patel? Why they are not questioned by you!
We demand a healthy debate on the issue and not cynical comments without looking at the reality.
D. Thomas Franco Rajendra Dev
General Secretary
All India Bank Officers’ Confederation.
.
please share your though for improvement of the blog. Thank You. ---admin
turn around any ailing Public Sector Bank?
Did any Public Sector bank fail
after taking over
private banks with heavy losses?''
PLEASE GO THROUGH A LETTER TO THE EDITOR, of Some Website News Paper SENT BY Com.TH0MAS FRAN CO
The present leadership of AIBOC is very much logical and to the point in their view Today GS, of AIBOC sent their messege to a onlone news paper. He told that
"The Editorial of that paper dated 3rd May 2017, the article of Some (name) on 2nd May 2017 and another article today by ( same name) are outrageous. If you want to show any semblance of neutrality expected of a newspaper kindly publish the arguments of us too. I am sending herewith two press releases and articles which you should publish for a public debate. Can your writers reply to the following questions without bias?
1. Could the Govt achieve 28 Crore Jandhan accounts, most of which are unremunerative for bringing financial inclusion to some extent without Public Sector Banks?
2. Has any Private Sector Bank taken over an ailing Public Sector Bank and turned it around? If the Public Sector Banks could take over 24 ailing Private Sector Banks including Global Trust Bank which had a loss of Rs.1100 Cr, how do you measure efficiency?
3. Dhanlakshmi Bank Ltd is accumulating losses for the last 4 years. Why can’t some Private Sector Person take over and turn it around?
4. All Public Sector Banks have increased Gross Profits. Net loss is due to NPAs for which the Economy and Govt policies are responsible. Have you looked at the Report of the Parliamentary Standing Committee on NPAs? Why you have not asked for implementation of the recommendations?
5. The Banks Board Bureau brought few people working in Private Sector to head Public Sector Banks. Have they performed any miracles?
6. How can Mr. Xyz write about performing last rites without looking at the social goals performed by the Public Sector which have brought relief to millions of Indians?
7. Don’t your authors know that just around 2000 A/cs are responsible for the major NPA and if Govt really wants, it can take action which will turn around all these Banks?
8. Have you ever calculated the total dividend received by RBI and the Govt from Public Sector Banks and compared the same? Have you looked at the total amount of taxes paid to the Govt? If so publish the details.
9. Ask the authors to read the RBI discussion papers released on 11.08.2010, 27.08.2013 & RBI Report 2010 which have talked about inefficiency of the Private Banks and suggested to avoid Corporate houses starting Banks. Do these authors think that RBI functionaries before Dr. Urjit Patel & Dr. Viral Acharya did not have any knowledge or vision?
10. Are the representatives of the RBI & Finance Ministry in the Boards of Public Sector banks responsible for the loans approved by them while they were in the boards including Dr. Patel? Why they are not questioned by you!
We demand a healthy debate on the issue and not cynical comments without looking at the reality.
D. Thomas Franco Rajendra Dev
General Secretary
All India Bank Officers’ Confederation.
.
please share your though for improvement of the blog. Thank You. ---admin
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