Why Indian private banks are penalized for this recent scams were even they are equally responsible? Instead government is covering up there losses with our taxes, I understand it’s necessary to maintain balance . But then who will think about Government banks who have maintained there work flow very well still they are in losses.
How this bank penalized there customer very systematically for any late payment or exceed in three transaction etc etc, Can’t they be penalized for there incompetence activity. I’m sure RBI is doing that already but not rigorously which they should. I mean just think banks like PNB, YES bank and few more banks who are been portrayed as victim of all this scam, also display inadequacy in scam scanner, generating error reports and maintaining transparency. Why middle class or honest tax payers feel cheated when there money is been used to cover bank losses, either strict rules needs to be followed by both bank and service providers.
I believe the day when banks also are bought on same platter were you and me standing today, we will start getting those facilities and efficient service with sufficient satisfaction. I’m not saying Indian Private banks are not sufficient but right now they acting as old days Zamindar or Munim ( Loan and service providers) who can only think of there profile.
Content by Me.
A Deep Human Development 