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Poll: Which PSU banks would be the most preferred candidates for Privatisation?
Buddy, initially I thought, it's about which PSU Bank most preferred.
Don't know how to react...
But if you are aware, the stake sale from IDBI Bank still lingering on from so many years...
As a new member, I appreciate your efforts creating the poll.
All the best. 👍
Hedgewar
TF Buzz
You are correct as regarding IDBI bank.
Just interested to see what people have in mind.
TUSHAR.
TF Select
I think they will not privatize
1. SBI
2. BOB
3. PNB
4. UNION
5. CANARA
These are the most profit making PSU BANKS for government.
Rest could be privatized in long term.
Inferno
TF Select
Yes I agree thatswhy I voted for uco
Hedgewar
TF Buzz
What about Central Bank of India 🤭
Hedgewar
TF Buzz
😂😂 RSDC aur Passbook
sunit123
TF Legend
From Profit minus the write offs of around 1.5 lakh crore every year...You can check real profitability...Write off is from public money
They are being shown profitability so that they can be sold easily to private players...All big banks will be sold in coming years including SBI etc
And where Write off goes (money)!!
sunit123
TF Legend
Write off nullify the NPA's in bank's balance sheet which makes balance sheet healthy and bank shows profit
in short, bank give loan to corporates, corporates do not pay, it is reported as NPA, Bank write off this NPA and happily show profit on balance sheet
Total 16.35 Lakh Crore is written off in last 10 years (Average 1.6 lakh crore every year)...Check following link
Banks write off Rs 16.35 lakh crore in bad loans over last 10 years - The Times of India
India Business News: Banks have written off Rs 16.35 lakh crore in NPAs over the past decade, with the highest in FY 2018-19 at Rs 2,36,265 crore and the lowest in FY 2014
timesofindia.indiatimes.com
And how it will be solved by Bank becoming private from PSU.Write off nullify the NPA's in bank's balance sheet which makes balance sheet healthy and bank shows profit
in short, bank give loan to corporates, corporates do not pay, it is reported as NPA, Bank write off this NPA and happily show profit on balance sheet
Total 16.35 Lakh Crore is written off in last 10 years (Average 1.6 lakh crore every year)..Public godi media mein busy hain...Check following link
Banks write off Rs 16.35 lakh crore in bad loans over last 10 years - The Times of India
India Business News: Banks have written off Rs 16.35 lakh crore in NPAs over the past decade, with the highest in FY 2018-19 at Rs 2,36,265 crore and the lowest in FY 2014
sunit123
TF Legend
Private banks do not accept govt or political interference in loan approval.
Then how come RBL and Bandhan are trading at 2/10th of their share price now, compare to 8 years back.
Hemang
TF Legend
Jese indian logo ko mindset hai that is the root cause of all the privatisation happening around.
5 din pehle me bsnl office gaya tha, father ka purana number hai usme kyc karani thi, 3 people were sitting there doing nothing, even after this they asked me to wait 15 minutes then checked the mobile number status in database.
People want job security plus they don't want to do the least required work for proper functioning of the system
Yesterday i went to sbi bank for address change application, inke pas workload jyada hai to inhe lagta hai sirf inhe logo ki jarurat hai, banks ko nahi hai, they don't even talk politely, jese sab free me karna padd rha ho unhe.
All these inefficiencies in all these years, contractual workers rakhna is a norm now, even private players bhi pay roll pe ni lete hain employees to avoid giving benefits and security, rather they also byepas this by hiring 3rd party.
5 din pehle me bsnl office gaya tha, father ka purana number hai usme kyc karani thi, 3 people were sitting there doing nothing, even after this they asked me to wait 15 minutes then checked the mobile number status in database.
People want job security plus they don't want to do the least required work for proper functioning of the system
Yesterday i went to sbi bank for address change application, inke pas workload jyada hai to inhe lagta hai sirf inhe logo ki jarurat hai, banks ko nahi hai, they don't even talk politely, jese sab free me karna padd rha ho unhe.
All these inefficiencies in all these years, contractual workers rakhna is a norm now, even private players bhi pay roll pe ni lete hain employees to avoid giving benefits and security, rather they also byepas this by hiring 3rd party.
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UCO, CBI, Punjab and Sind,
