| Author | Message | ||
Abhysg Legend Username: Abhysg Post Number: 44759 Registered: 08-2008 Posted From: 183.83.76.167 Rating: |
asalu bad loans ela recover chestonnar.. aa loans iche managers/employees meeda em actions teeskontunnaru adi telchandi first.. insurance is good.. dani valla depositors ki benefit untundi.. but full amount ki guarantee ivvali.. not just 1lakh... ila 1lakh ki matrame guarantee ante evadu matram banks lo paisal pedtad.. | ||
Wellsfargo Side Hero Username: Wellsfargo Post Number: 9050 Registered: 06-2012 Posted From: 183.83.214.221 Rating: N/A |
confidence vache daka janalu Nationalized banks lo ne pettukuntaru money. Nenaithe ade chestanu. I regularly operate an icici account but never place anything above 1 lakh in that account over night. naa dabbulantha sbi lo untayi. eppudu operate cheyyalante appudu icici ki transfer chesukoni operate chesta. | ||
Jambalahaart_raja Side Hero Username: Jambalahaart_raja Post Number: 8505 Registered: 07-2008 Posted From: 142.154.200.42 Rating: N/A |
Not all Banks in India are Nationalized. First adi gurthinchaali meeru. All of this Govt will save the Bank, by merging into stronger bank etc, protect the interest of account-holders aka depositors, iyanni Nationalized Banks ki maatrame applicable. There are more than hundreds of Private Banks operating in India, and most popular among them all is ICICI, I think so, or may be Citibank, or even HSBC, or HDFC Bank etc. RBI will not discriminate, and will allow licensing and operations for anybody to start a modest bank. Any bank can borrow any amount following some basic guidelines from any nationalized bank as well. Thus, we should recall the sob stories of Vasavi Bank, Vysya Bank, GTB, and many more. Bail In Clause applies to any bank, both nationalized and private. At least Nationalized Banks lo Govt is answerable, Private Banks lo purely Depositors luck!!! "Chill Bro. I told you to let it go!!" - The Budhha. | ||
Bharat Side Hero Username: Bharat Post Number: 4937 Registered: 06-2015 Posted From: 149.168.240.7 Rating: |
naaku answer kavali maastaru...emotion kaadhu.....world motham lo enduku defaults avuthunnayi? America lo enduku millions homes foreclose ayyayi? ....ikkada discussion okavela default ayithe em cheyyali ani...UPA 10 years lo enduku NPA meedha discussion ledhu....vaalla mess clear cheyyadanike time antha pothandhi Modi ki | ||
Dada Side Hero Username: Dada Post Number: 4786 Registered: 12-2006 Posted From: 108.70.113.181 Rating: N/A |
The loan defaulter should be made to pay. Why are defaulters getting the benefits? Why are the big ticket bad loans being written off? Take strict action against them - Ask them to pay up. Call the bluff about their bogey of layoffs if you take action against us! | ||
Bharat Side Hero Username: Bharat Post Number: 4936 Registered: 06-2015 Posted From: 149.168.240.7 Rating: N/A |
So who pays in the above example? I'm trying to understand your solution in case of a banking industry collapse. | ||
Dada Side Hero Username: Dada Post Number: 4785 Registered: 12-2006 Posted From: 108.70.113.181 Rating: N/A |
Yes. Rs.1 Lakh was the amount as of 1998. Now it should be increased to 10 lakhs or even higher. | ||
Andhrawala Legend Username: Andhrawala Post Number: 65000 Registered: 03-2008 Posted From: 152.51.56.1 Rating: N/A |
Overseas lo koodaa safety ekkada vundhi bhayyaa. Gold price is subject to fluctuations STock market lo pedathaaru but still fluctautions and volatality No Signature | ||
Dada Side Hero Username: Dada Post Number: 4784 Registered: 12-2006 Posted From: 108.70.113.181 Rating: N/A |
Try running a company with 50K Employees and a few 100 clients BUT WITHOUT CASH!!! | ||
Andhrawala Legend Username: Andhrawala Post Number: 64998 Registered: 03-2008 Posted From: 152.51.56.1 Rating: N/A |
periodically based on inflation they need to revise this amount. No Signature | ||
Dada Side Hero Username: Dada Post Number: 4783 Registered: 12-2006 Posted From: 108.70.113.181 Rating: N/A |
Why should the depositor pay for the mistakes committed by some one else? Better to withdraw all the cash and buy gold.Because of demonitization,cash anyway cannot be kept. Or even transfer the money overseas. | ||
Andhrawala Legend Username: Andhrawala Post Number: 64997 Registered: 03-2008 Posted From: 152.51.56.1 Rating: N/A |
Satyam survived mainly becos the clients are there and peopel are there. Tech Mahindra shareholders were the most who got benefitted No Signature | ||
Wellsfargo Side Hero Username: Wellsfargo Post Number: 9049 Registered: 06-2012 Posted From: 183.83.214.221 Rating: N/A |
Ivanni jaragavu ani evaru chepparu. Basically aa insured money ki non insured money difference enti mana desam lo ee bail in clause leka pothe? ee whatsapp forward gallu just new bill lo bail in teesukoni janalni bhaya peduthunnaru. with this clause they should increase the insurance amount. Lets say they make it 10 lakhs. when there are bad loans they take the money from the deposits and the insurance company(deposit insurance and credit guarantee corporation (DICGC)) pays the depositors. This way the tax payers need not bail out the bank for things they don't have control on. The DICGC will montior the banks to ensure the safety of the money they insure. antha good ee | ||
Bharat Side Hero Username: Bharat Post Number: 4933 Registered: 06-2015 Posted From: 149.168.240.7 Rating: N/A |
What happens if all the banks go bust like in Greece or Cypress? Where will the govt get the money to repay the depositors and which bank will take over such a collapse? Its unlikely to happen but what if? | ||
Dada Side Hero Username: Dada Post Number: 4782 Registered: 12-2006 Posted From: 108.70.113.181 Rating: N/A |
1 Lakh is the insured amount and is always there. It was increased from Rs.20,000 to Rs.1 Lakh in 1998. When GTB went bust, who would have thought that another bank will take over GTB. Who would have thought that Satyam will miraculously survive? The option of forming an expert committee and protecting the depositors adn shareholders should be the primary objective. These options need to be explored first and the Government today has the right to exercise these options. So why change this? | ||
Bharat Side Hero Username: Bharat Post Number: 4932 Registered: 06-2015 Posted From: 149.168.240.7 Rating: N/A |
As a practical matter, Government will make sure taxpayer money is used to repay any depositor if a Govt bank is closed due to losses for fear of backlash....but that is not the law...also it has not happened to a govt bank till now | ||
Bharat Side Hero Username: Bharat Post Number: 4931 Registered: 06-2015 Posted From: 149.168.240.7 Rating: N/A |
only upto deposit insurance.i.e 1 lakh...GTB issue lo vere bank konadaniki ready ga undhi kabatti work out ayindhi...even in case of govt bank, only 1 lakh is guaranteed | ||
Dada Side Hero Username: Dada Post Number: 4781 Registered: 12-2006 Posted From: 108.70.113.181 Rating: N/A |
The government has the right to form an expert committee and hand over the day to day operations of a failed large enterprise (like GTB or Satyam) to that committee. This is a good practice for a country like India. Why not maintain this? In some Western economies during the Sub-Prime crises, the bail In was passed - and it is fine, because here there is an element of Government involvement / government welfare. | ||
Dada Side Hero Username: Dada Post Number: 4780 Registered: 12-2006 Posted From: 108.70.113.181 Rating: N/A |
Yes. When GTB collapsed the Government mediated and ensured that OBC took over the bank. In case of small cooperative / regional banks - the central Govt has no role - but for large banks and even large corporations the government needs to ensure that the depositors money is safe. The whole concept of bank nationalization of 1968/69 was bought in to protect the depositor. | ||
Dada Side Hero Username: Dada Post Number: 4779 Registered: 12-2006 Posted From: 108.70.113.181 Rating: N/A |
Bad loans - NPAs - What action has been taken against the defaulters? No action so far and instead Rs.1 Lakh crore + bad loans have BEEN WRITTEN OFF. These are less than 15 people. And now the the common man has to pay for these write offs! | ||
Gatti_gunde Megastar Username: Gatti_gunde Post Number: 22792 Registered: 02-2010 Posted From: 204.194.77.3 Rating: N/A |
pelliki hospital ki dabbulu kaavali bulk lo and they want to empty accounts appudu em cheyyaali ? Boob annai ni kindhesi thanthe DB set aithadhi | ||
Bharat Side Hero Username: Bharat Post Number: 4930 Registered: 06-2015 Posted From: 149.168.240.7 Rating: N/A |
What happens today when a bank suffer losses? Will all the depositors get their money back under the current law? Obviously not, if there is not enough money. So whoever withdraws their money first will get it and the rest will get nothing? Even today insurance is only up to 1 lakh. So why is the bail-in policy negative compared to the current law? | ||
Dada Side Hero Username: Dada Post Number: 4778 Registered: 12-2006 Posted From: 108.70.113.181 Rating: N/A |
So if a bank goes into losses, they are using the depositor's money to fund their operations. Similarly, if the bank makes profits, will they share the profits with the depositor? And even on a serious issue like this - people are unable to go beyond UPA vs NDA! | ||
Andhrawala Legend Username: Andhrawala Post Number: 64985 Registered: 03-2008 Posted From: 152.51.56.1 Rating: N/A |
repu 18th na BJP Gujarat lo odipoyekaa decsions will be too slow till 2019 elections, So nothign to worry No Signature | ||
Andhrawala Legend Username: Andhrawala Post Number: 64984 Registered: 03-2008 Posted From: 152.51.56.1 Rating: N/A |
Dada annai No worry for depositors money PM Narendra Modi Denies Threat to Bank Deposits, Says Bad Loans Were UPA Govt's 'Biggest Scam' http://www.news18.com/news/india/upa-govt-made-banks-dole-ou t-loans-to-industrialists-scam-bigger-than-2g-cwg-pm-narendr a-modi-at-ficci-1603339.html No Signature | ||
Bharat Side Hero Username: Bharat Post Number: 4929 Registered: 06-2015 Posted From: 149.168.240.7 Rating: N/A |
No depositor will lose money. Bail-in used to prevent all the depositors emptying their accounts at once. If a bank is unable to pay back, govt will merge it with another strong bank. Unlike the present situation, every depositor will know the condition of their bank based on the new rating system. Also, the deposit insurance will be raised from the present 1Lakh. | ||
Dada Side Hero Username: Dada Post Number: 4777 Registered: 12-2006 Posted From: 108.70.113.181 Rating: N/A |
On issues like this - there needs to be a lot of debate before taking the decision - better to be slow and not take a decision , rather than be seen as dynamics but take the wrong decision https://youtu.be/oGXREwK26Dk?t=26m53s | ||
Dada Side Hero Username: Dada Post Number: 4776 Registered: 12-2006 Posted From: 108.70.113.181 Rating: N/A |
This is the BROOM being used by the Government to hide the truth :-) Each country has it's own dynamics and realities. What may be good in US may not work in India. Why should the depositor sugger if the bank goes into losses? And saying - the depositor is financing the bank and hence the depositor is liable for the losses of the bank is preposterous. if this is the case -then it is better not to keep money in the banks!!! | ||
Bharat Side Hero Username: Bharat Post Number: 4928 Registered: 06-2015 Posted From: 149.168.240.7 Rating: N/A |
http://www.hindustantimes.com/analysis/frdi-bill-your-deposi ts-are-safe-and-banks-cannot-use-them-without-your-consent/s tory-TBf5QuI4eczXx8E2EhwhKN.html "It also puts in place rules that will classify financial firms into five categories based on their risk of failure: low, moderate, material, imminent and critical risk to viability.".....Any depositor will know th econdition of their bank. All this means, banks have to be more careful in future while giving loans, otherwise they will lose rating and there will bea run on the bank. | ||
Bharat Side Hero Username: Bharat Post Number: 4927 Registered: 06-2015 Posted From: 149.168.240.7 Rating: N/A |
http://www.thehindu.com/business/Economy/the-lowdown-on-the- bail-in-clause/article21381452.ece "The bail-in feature is in line with the best practices adopted around the world. For example, the Financial Stability Board, which has members comprising most G20 countries (including India), has recommended that its members allow the resolution of financial companies using bail-in. Similarly, the European Union has proposed bail-in as a resolution tool. The bail-in clause emerged as a possible alternative to bail-outs in the aftermath of the 2008 financial crisis, when numerous banks went bankrupt." | ||
Dada Side Hero Username: Dada Post Number: 4775 Registered: 12-2006 Posted From: 108.70.113.181 Rating: N/A |
It is real!!! The depositor is protected upto the Insured amount - which is Rs.100,000/- Anything above Rs.100,000 can be used by the bank. (For e.g. convert them to FDs) So far no bank has failed and in rare cases like GTB, RBI or the Government helps out or mediates with another bank to take over the ailing bank so that depositors do not loose out. Why can we not continue this practice? Why give the right to a bank to utilize the deposits. https://www.youtube.com/watch?v=oGXREwK26Dk&feature=youtu.be |
