HARD FACTS ABOUT FUNCTIONING OF INDIAN PUBLIC SECTOR BANKS

1. Banks make profit:-Share to RBI and Govt.of India.
2. Banks Incur Loss:-Bank only responsible.
3. Govt.of India Starts Financial Inclusion:-Banks open Zero Balance A/c, gives ATM Card, Pass Books.Credit goes to  Govt.of India.
4. Cost of maintaining Zero Balance:-It is Banks' responsibility.
5. Boost business:-Govt.of India directs banks for loans without security.
6. Loans becoming bad:-Blame Bank officials.
7. Country needs to prosper:-Create Industry-Funds given by banks on Govt.of India Direction.
8. Industrialist fail to pay back bank Loans:-Govt.of India Silent:-Blame bank Officials.
9. Bank Employees ask for pay revision:-Govt.of India:-Ask IBA (Interestingly IBA is not a constitutional body.)
10. IBA:-Banks Balance Sheet poor.So much NPA- Bank :-Make Defaulters name public.Declare loan defaulters “Criminal” for wasting public money.Compel them to return money and asset to bank.
11. IBA:It is Govt.of India to decide.Govt.of India:-Prefer to be silent.
12. Bankers:-Give us 5 days Banking.Central Govt.follow the same,State Govt follow the same Even RBI follow the same.Stock Market follow the same.Internet Banking works 24x7.ATM works 24x7.It will reduce Establishment cost.
13. IBA:- Not possible,Govt of India to decide.Govt.of India:-prefer to be Silent.
14. Job:-Decided by Central Govt.State Govt.
15. Holidays:-State Govt. as per NI Act of 1881 only.
16. Salary:-From Banks own Fund.

1. The Time has come for all Citizens of India irrespective of caste,creed, tribes, Languages,religions.etc etc. to know these facts or truths.