Investment

The middle income groups and retired persons have very few options in our country to park their hard-earned money.To my knowledge people mostly do not trust private finance companies or chit fund companies because of their experience with them over the years.Stock market investments are also not dependable.They trust only the public sector banks and post office deposits for security even though interest rates are less.The recent news about the bad loans of Public Sector Banks comes as a rude shock to the middle class.I hope government will take firm steps to strengthen these banks which form the safest investment option for middle class individuals. more  

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I have been investing in secured debentures at above 11% for last many years. Why go to banks and other financial companies ? Privatisation of few banks can be tried. At least govt. can reduce stake to 30-40% and have private players to have a say in the functioning. This will reduce govt. interference for vote politics. What for is RBI, if it can not regulate? RBI has got a staff of 3 to 4 thousand employees. What for they are paid? more  
So many people are living in dreams. Even after 7 years 2g is hanging. 19 years had gone in disproportionate case.Those looted will not bother spending 90 percent of the loot to judiciary and escape on flimsy ground like signature not tallying. more  
Hello friends, I think the suggestion of privatization of banks is likely to make depositors risking their money. Many of my friends invested in private finance /plantation/automobile finance/chit fund companies and lost their hard earned VRS amount. The credit rating agencies were giving them AAA rating in the beginning and after sometime reduced their rating resulting in the collapse of some of them and in the process many of the depositors lost their money. Nothing like this would ever happen in any other country. The panacea lies in RBI and Central government in direct control of Public Sector Banks's lending activities based on the track records of the corporates taking the loan. more  
Who will punish them. Top jobs in Banks are politically susceptible, politicians recommend loans, there is no accountability clause in banking norms, RBI wakes up when every thing is over. We should simply ask for privatisation. Let somebody kick their asses and teach them how to do a job. more  
I am in total agreement with Mr. Umesh Kumar for giving severe punishment, including putting them behind the bars (besides attaching their ill gotten properties ) to the senior officials of public sector banks, who have given thousands of crores of Rupees to the dubious people without taking adequate collateral security. Definitely they would have done it for huge considerations. Only severe punishment will send a strong message to others not to resort to such unethical and criminal acts, which seriously hurt the operations and credibility of our public sector banks. more  
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