Continues from the
previous post –
In addition, that
is precisely what happened. As of March 31, 2016, the bad loans of
public sector banks reached 9.32% of their total loans. A year back,
they were at 5.43% of their total loans. That is a huge jump in just
one year. We should put all bad loans in categories as given above.
If that done we shall know the exact nature of causes for that. Banks
do not have any powers to interfere in working of their borrowers.
This makes the bank helpless in such situations. Technically speaking
most banks in world is on the verge of bankruptcy. This is because of
reduced interest rates on both sides.
The
only solution to this is that we rise against this conspiracy of
gambler group and its crony economists. Most depositors are not aware
of this conspiracy and they continue to believe their political
leaders. The attempt to prepare this essay is to educate them about
their rights as depositors. After long research it has become clear
that best co-relation between interest rates on deposits and loans is
that deposits should earn at least 12% per annum for period of 3
years and loans can be charged 15 to 30 % interest on them. This
depends upon what is the cause for borrowing in first category, "Real
economic group".
This article ends
here; in my next post, we shall see intelligent vote bank strategy of
Bharatiya Janata Party.
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me on my Email ID given below,
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