Discover and read the best of Twitter Threads about #949Days
Most recents (3)
Some Bankers always wonder why we turned every Weekend. Its not as simple as u think & not at all a Waste of time,
With #IndiaNeedPSBs many handles showed what PSBs r actually doing on ground, the statistics that was hard to find but managed by some of them some how
With #IndiaNeedPSBs many handles showed what PSBs r actually doing on ground, the statistics that was hard to find but managed by some of them some how
Ppl do research on various topics and post it here, Top trends always attracts media persons & other eminent profiles. Whenever a Tag gets trend in top, people click on it to know what actually it is..
In top tweets they came to know what the trend topic is all about
#949Days
In top tweets they came to know what the trend topic is all about
#949Days
We have seen clear results & reflections when #BankerHainPoliceNahi was in trend, same followed by other Trends also.
Sometimes a tag gets on top, sometime it doesn't but that does not means that our voices r unheard.
Ppl r seeing it, looking at it. They just prefer to ignore it
Sometimes a tag gets on top, sometime it doesn't but that does not means that our voices r unheard.
Ppl r seeing it, looking at it. They just prefer to ignore it
Reform PSBs, not Privatise them!!
Can governance in PSB get better? The answer is an obvious YES. But on d whole, India has had a great, atypical experience with banking risks. At comparatively low costs to the fisc as well as to the economy, banking crises have been managed.
Can governance in PSB get better? The answer is an obvious YES. But on d whole, India has had a great, atypical experience with banking risks. At comparatively low costs to the fisc as well as to the economy, banking crises have been managed.
We could continue with this model, improve it at the margin with more operating independence for PSB, better governance etc.
Or we could bite d reform mantra on tenuous logic & data, privatise, later end up with a privatised banking system, which will be loss to Marginal peoples
Or we could bite d reform mantra on tenuous logic & data, privatise, later end up with a privatised banking system, which will be loss to Marginal peoples
Pvt Sector r prone to periodic black swan risks, necessitating large taxpayer bailouts periodically!! example of Yes Bank collapse & PMC Bank crisis is infront of us
To paraphrase a popular adage, with friends (Of reforms) like these, who needs enemies?
#IndiaNeedPSBs
#949Days
To paraphrase a popular adage, with friends (Of reforms) like these, who needs enemies?
#IndiaNeedPSBs
#949Days
Why #IndiaNeedPSBs A legitimate question from all the stakeholders, customers and our under priviledged public.
India had Nearly 600 banks in pre independence era out of which 559 private banks in India failed, with numerous people losing their life’s savings. 1/n
India had Nearly 600 banks in pre independence era out of which 559 private banks in India failed, with numerous people losing their life’s savings. 1/n
A total of 736 private banks failed, amalgamated, ceased to function or transferred their liabilities and assets, or went into liquidation between 1948 and 1968 in whole.
So what can be done to prevent these failure?
So what can be done to prevent these failure?
Nationalisation was the first step which took at the time to place confidence our customers in banking system.
Now the question arises Why nationalization was needed?
Coz,
The private banks primarily catered to large businesses
Critical sectors such as agriculture,
Now the question arises Why nationalization was needed?
Coz,
The private banks primarily catered to large businesses
Critical sectors such as agriculture,
