SBI is the top most bank in India doing very well as compared to any other private bank..... how can u say that PSBs are not doing well? RBI being a regulator is doing its work properly. You must be knowing that for private or any other banks even for opening an ATM in the metro area that particular bank need to open some ATMs in rural area too. This is regulation by RBI. This is called Inclusive Growth which i always say about. And Inclusive Growth is the MOTO of All PSBs unlike Profit centred Private Banks, i agree that there are some problems with PSBs too but we can think about removing those....but denationalisation is not at all the solution (according to me)...commenttts please !!!
By
Sandeep Kule, Managing Director, Endeavor Finance & Tax Consultant
| 07 20 2010 10:58:31 +0000
we have to learn from USA economic crisis all the banks in USA are having the goal of profit motive only, so, that they have been fell down in deep financial crunch since of loss, but Indian reserve bank have some terms and conditions to control over all the banks, policy of nationalised banks are service to the people and that will be spoiled if banks should be denationalised.
By
N.Rajarajan , Project Lead, wintek technology india private limited
| 07 20 2010 09:15:37 +0000
Its not that denationalised bank will do better.. Its a mater of own responsibilities...nationalised bank will surely provide you an added advantage of getting recognised everywhere at the need of the hour...
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BIBHASH ROY, Assistant Professor(CSE), TIT Narsingarh
| 07 20 2010 06:33:32 +0000
Ashoke sir i wud like to support ur argument, as PRIORITY SECTOR will have to pay the price for the denationalised. Because to support Priority Sector and upliftment of poor and encouragement SMEs and MSMEs Nationalised banks are absolutely necessary. Nationalised Banks are the key to acheive the CONCLUSIVE GROWTH OF INDIA.
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Sandeep Kule, Managing Director, Endeavor Finance & Tax Consultant
| 07 19 2010 06:34:23 +0000
De-nationalisation of "nationalised Banks" ... question is : whose interests may it serve ? Then ... why at all these Banks were Nationalised ? Ownership matters and matters in a great way. The moment private players get control of these Banks ... the entire approach changes. - entrace of common/ general people will be barred ( in a different pretext ) : The menimum balance criteria : Rs. 5,000/= (say) without any slippage - no small loans for small business, tiny industry etc. - all loan goes to the Big Houses - no Education Loan for students etc... etc. etc. 2be continued. Follow me on Twittwer : KusariAsoke
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ASOKE KUSARI, Domestic Private Banking-Executive/Manager, A large leading PSU Bank - India
| 07 18 2010 17:08:15 +0000
Thanks Shrikant for ur inputs, The "pathetic" service of PSBs and unrealistic goals is the present condition of Nationalised Banks now as u said is correct, i agree, but i dont think denationalisation is the only way to achieve that...rather it will be an expensive way to achieve that (because the common man or social perspective will be at stake). we can concentrate on vigilance or monitoring control activities of RBI.
By
Sandeep Kule, Managing Director, Endeavor Finance & Tax Consultant
| 07 18 2010 14:11:51 +0000
Bank should not be denationalized. I agree some issues like SBI eductional loan, customer services of national banks are not upto the mark. But we did not forget the recent crisis. Nationalizational can give protect from such difficulties..........
By
Rajesh Kumar, PG Diploma student, ICBM-SBE, Hyderabad
| 07 13 2010 18:41:08 +0000
Before banks were nationalised i.e b4 1969, they were under control of the then big business houses of India, banking was completely out of reach of the common man. Moreover these big business houses were using the funds from these banks. The sociallist approach was there when Indira Gandhi took decision to nationalise them. Priority Sector lending(40%) is the most impotant feature which cant go unnoticed. Some critique use to say when the farmers waiver package was declared that... "Do not invest in business, better invest in Agriculture, bcoz agri income is TAX-FREE & if u borrow it gets WAIVED OFF" :-)
By
Sandeep Kule, Managing Director, Endeavor Finance & Tax Consultant
| 07 13 2010 14:19:17 +0000
Banks should not be denationalised. They are the only hope for the general massas who live in rural India. In the Urban too they are the only hope for many individuals. The Lower middile clsss, Senior citizens, persons doing petty jobs etc. Though you might denationalize a few out of the total. But you have to keep in mind these people.
By
Aditya Sharma, Insurance Advisor/Analyst, LIC OF INDIA, ICICI LOMBARD
| 07 13 2010 13:32:10 +0000
Why the banks to be privatised? Nationalised banks are also earning more operating profit in the present competitive environment. In fact, their administrative cost per branch is less compared to private banks. Agri sectors are funded mainly by the nationalised banks, they are contributing to the Socio - economic welfare. India GDP increase also due to their tax paying capacity. More ATMs are also available. Bank employees jobs also protected and less strained than private bank employees. Hence I do not think the banks are to be privatised.
By
V VASU, Audit Manager, SUNDARAM FINANCE LIMITED
| 07 13 2010 07:55:11 +0000
Privatism i.e. Denationalization can be done only if we have transperancy in the system and the same should be beneficial to the industry, individual etc. Currently, we do not find such thing in system. Even if we see the reach of Nationalized Banks are much more into very inner part of the Country than of Private Bankers; even they worried on the Balance Sheet rather thinking on the economy.
By
Sanjeev Bhandarkar, Regional Commercial Manager, Bharti Teletech Limited
| 07 13 2010 03:32:15 +0000
At the present scenario, how the nationalized banks are performing the denationalization of banks should not be an issue. There is no need to denationalise the banks just now. all the nationalised banks except two or three all the banks are doing well, making profit and contributing to the nation. There is strict regulation over such nationalised banks. and that is why at the time of global recession they managed to perform better. So, the idea to denationalise the banks are not relevant at least at present.
By
SUDIPTA SINHA, CA FINAL STUDENT
| 07 12 2010 14:28:12 +0000
I accept that government bank employees attitude towards the customer not changed even bank top management change the whole attention towards the customer foucs , but still i feel that bank should not Be Denationalization, because safety of the money is core issue for the depositor which in private banking no one can assure you.
By
MAYANK H. PANDIT, Accounts Executive/Accountant, FERROMATIK MILACRON INDIA LTD
| 07 12 2010 10:51:57 +0000
icici bank 10000 QABR i fimd most of the private banks have similar to this QABR where as in nationalize it may start form 500 or 1000 QABR. also bith banks have different motto one for only profit and other one for development of the country people. one closes their branch if does not profit where as other serving the nation.
By
HEMANT VERMA, Marketing and Branding, NAVNEET PUBLICATION INDIA LTD.
| 07 12 2010 10:35:59 +0000
There cannot be a more fitting example of the bank crisis in US and Europe that will reinforce mu aragument that the Banks should not be denationalised. It is a combination of our regulatory mechanism and the social responsibility of the Nationalised Banks that saved us from this economic upheval. Yes we can possibly have the Private Banks also in the field with the Nationalised banks in tandem, functioning responsibly for the betterment of the economy.
By
Prem Kumar Kunnath, Chief Financial officer, Ithraa Capital
| 07 12 2010 09:23:27 +0000
by denationalisation of banks, small ivestor are looser and they cant get benefits available to richer classes as they have no bank securities, contacts with banks official and cant afford illegal means to avail extra credit facilites.
By
rakesh kumar, Finance/Budgeting Manager, navyug motors
| 07 12 2010 09:02:38 +0000
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I do not agree with Anita's arguement that private companies are just after profit. First of all one should make a clear distinction between private banks and private companies. You will clearly find a difference between between a private bank and Govt. bank's service nothing to elaborate in this regard. And as far as the safety of the banking system is concerned, we must realise that we are not in the US or Europe. Private bank are as safe as Govt. banks. A matter of concern is that if banks are denationalised then the banking in rural areas may be a concern. The employees of the govt. banks specially in the branch level needs a revolution in their behaviour, customer service, and efficiency for which denationalisation is a good option. This will also make the banking syatem more competitive.
By
Sujoy Das Bayen, Mortgage Credit Appraisal, ICICI Bank
| 07 20 2010 14:55:01 +0000
hi sandeep... If banking was out of reach from common man before nationalisation then it can not even help business houses as banks can not loan without deposits from common man. Nationalised banks have good network in terms of number of branches but look how pathetic service level and poor quality employees they have. this is worst impact of nationalisation. compare their their employes with private banks and heir service levels, ATM networks, product range, growth approach and strategies. they are far beyond. Banking should have srong reulator like RBI and then we can afford not to have any nationalised bank...
By
shrikant shridhar kokate, Executive- Retail Sales, ICICI Pru AMC
| 07 13 2010 20:17:12 +0000
i beg to differ anita... Search for profits and passion for growth are the best qualities private companies in banking sector has. Thats how they optimise their capacities, stetch their limits create competition. Continuous search for competitive advantage leads to innovation that brings down costs of operation, creates wide range for consumer. Now this consumer is every citizen.
By
shrikant shridhar kokate, Executive- Retail Sales, ICICI Pru AMC
| 07 13 2010 20:05:10 +0000
I feel nationalisation is against competition and hence against optimum capacity utilisation and innovation. competition is in favor of consumer as he gets power to choose or switch, it naturally creates noms for service levels and soft skills of staff. As banking is vital sector for economy it has to be strictly regulated at center and regulator should be as strong as todays RBI. There is absolute NO need for Nationalisation of any sector. We can use private fund to create every ood thing that we want. Government Bodies should only do strict job of vigillance and take care of social sectors that can not generate revenue like defence and police forces. Nation will be more active and deliver huge growth...
By
shrikant shridhar kokate, Executive- Retail Sales, ICICI Pru AMC
| 07 13 2010 19:55:11 +0000
Before I put forward my opinion, I would like to narrate the state of nationalised banks, offering loans for the priority sector- education. We were a batch of 16 brilliant students of management from Birla , having successfully obtained an oppoortunity for exchange programme with foreign university approached the SBI for education loan, four months prior to loan disbursement date. We were ready with all documents but this bank made such a delay in loan disbursement that it put full stop on the dreams for 15 brilliant students, the rest 5 had to opt for private bank education loan which disbursed them in 15days but had given the burden of high interest rate. If privatization of the nationalised banks means swiftness in their procedures and state of class customer care. I would like to suggest it as a very noble idea. What do you all suggest after reading this narration??
By
Saugat Bose, Financial Analyst, Capital One Financial
| 07 13 2010 10:43:37 +0000
I support Mr Sandeep kule,in the present situation government are raising the outsource where private company can give the output with in short span of time and they have consistency in there service towards society and it enhance GDP of Indian economy, more over privatization has different perception to promote there unique ideas and thought..So where people will delight by their service it sustains their interest in banking activities....
By
Manjunatha Venkata Prasad, Executive Auditor, e4e Application Services
| 07 13 2010 04:38:11 +0000
thanks for ur valuable argument. The new point u have raised is "to consolidate all the PSB into single one " is catchy and has relevance. It will strenthen the banking system in terms of managing the NPAs and it will help to make it profitable (though PSB s are not profit centred.)
By
Sandeep Kule, Managing Director, Endeavor Finance & Tax Consultant
| 07 12 2010 14:52:54 +0000
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