When India got freedom in 1947 so many private bank available in India but they all have different kings printed not and coins... henceforth, new government of that so-called time decided to make reserve Bank of India, who controlled all cities district state level Bank buy one hand aur head office and branches by observing and that is duly named reserve Bank of India RBI.. which is very economical good step to India at that socal time... Thus, we got all private sectors Bank to nationalised Bank...
Till today we are having nationalised bank at several way in our town city state district... And now yourself free from that different kind of coins and notes.. as India is ruled by one nation one country one rule ways...
Government thinking about all banks privatisation which is really very foolish things according to my personal way and mindsetup... if I am considering that thing as the economy part of India is really still in kind of confusion mode ... as we are having so much growth in so many sectors but it in international standard our economy rupees currency standards are very lower...
And somehow still we are not getting higher structure for our Indian rupees ... WHY is really very good question for all chartered accountant, whoever they are doing or did that services in government sector...
RECENTLY ALL BANK EMPLOYEES ARE ON STRIKE TILL TODAY'S TUESDAY AS OPPOSING THIS GOVERNMENT RULE ABOUT BANK PRIVATISATION...
I am thinking on that particular moment if government decided to make it privatisation of all banks then what would be suffered by.. India and Indian people...
Today fixed deposit interest is very lower and loan interest are very hire.. NOT ONLY THAT BUT ALL DIFFERENT STATE HAVING DIFFERENT CO OPERATIVE BANK VISE UNIQUE INTEREST OF PERCENTAGE ON EITHER LIAN OR FIXED DEPOSIT
If you wish to making your own Bank you need to to submit 100 crore to RBI as deposit value and then started your bank...
This I know as I was done job in micro finance private limited company which was given animal loan to farmer... Hundred percent private bank... no interference of any other sector but you need to make it clean BY CLEAN transaction at any cost to government.. that was the basic rule at that so called time when I was done that job...
Though government will be decided about repo rate and reverse repo rate as per norms for kind of situation but Indian EXIM policy is really odd for accepting such private banks standard... and there are not only nationalised banks but there are also cooperative banks available in India ... which has very smaller volume of capital with bigger business transaction...
Still in India so much confusion about mudra sfiiti and tax reforms.. though it is very suitable the name GST but India has question on fixed deposit interest percentage and loan interest percentag..
There are very different types of tax slabs in GST as per norms of durable and consumers product but there are no any kind of extra curricular promotion regarding petroleum products and scheme regarding petroleum products...
Still few political parties making different new state for their little purpose and without that new state income ... other old state incomes adjourn & need to merge that profit criteria as per percentage level to Central Government and then only Central Government used to define that particular expenses whatever done by that new state's political party or leader or Government employees or officials...
Even there are so many cooperative banks and each and every cooperative bank has different kind of interest percentage to people for several loan and fixed deposit... there are competition, but there are no competition at submitting proper finance amount to RBI... as per repo rate and reverse repo rate...
Other way if all banks going in privatization then the question arises that on which volume India will produce the the standard printed note to nation...
There are always needed such volume of assets and good transaction report for printing new finance currency notes in nation...
Recent days mostly nationalised banks are not fulfill up RBI strategies norms as so many smaller banks are made merging and expand the capital amount of that one nationalised bank but as per the present scenario of those so called all expenses related salary, stationary, buildings maintenance with depreciation cost and other transaction, they are not full fill up their own needed reserve finance to their own bank... which we are calling as nationalised bank...
Though capitalised amount of nationalised bank should be getting higher standard or higher volume by merging but still they are not full fill up percentage interest satisfactory to common man in fd structure, current account, saving account... etc... and as per desired growth condition to put effort about finance transaction with RBI they are still not providing satisfactory standard for repo rate and reverse repo rate...
See the old reference blogs related to study present days situation as why government need to put nationalised bank to privatisation standard...
Blog 1
Blog 2
Blog 3
Blog 4
Blog 5
Blog 6
Blog 7
Blog 8
Blog 9
Government scheme confuse people and I am just telling to everyone that if your home has income hundred rupees then the expense should be 80 or 90 rupees than ten or twenty rupees should be saved by you ...
Present DAYs government don't understand these all things and making so many expenses on different ways does so kind of shortfall in every sector... they are getting further more planning for management but it's also need incomes... the state occupied budget is also getting always higher standard as per norms of such kind of different situation all over the world ... definitely business suffered lot but the strategy of In a settlement with internal prior level is required strong ethics since long but nobody is understand this common point ...
Indian finance minister put just suggestions about two bank's privatisation matter but if running time period rule is coming as after 4th time ond day's if you making fifth transaction, transaction charges would be charged...!!!!
Thinking for privatisation, really very odd feelings...
Government needed less expenses related to The BANKS.. but need to focus on capital amount's profitable rotation.in India and Indian economy...
I am hoping my country's economy should be getting the world best top most level AT my present age when I was getting the slogan by such respected person as atma nirbhar India..
Just need a HALF man for perticular real picture drawn here under...
Jay Gurudev Dattatreya
Jay Hind
Jigar Jaigishya
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