It is now a days fear in the minds of depositors if their investment is safe or not.
The Reserve Bank of India takes steps only after audit reports that too when losses of the particular bank are recurring again and time.Why RBI is not taking step in right time to enable depositors to take proper decision to keep the deposit in the bank or not? Why Coop Department and RBI is not giving caution notice in the news paper about the affairs of the Bank when it is not safe? What RBI has done concretely for safety of Depositors? The cover for safety is of only one lac in case of liquidation of the Bank. It should be raised at least upto 5 lacs and thereafter with 50% premium from depositor and rest from the bank upto 10 lacs. The amount covered should be disbursed immediately for which the liquidation should be the last resort. Every Bank should ensure safety of depositors. It should be ensured that loans are given by strong security and for personal loans recovery should be linked with salary income otherwise recovery will be poor and NPA will increase.
What role RBI has played in case of Suvarna Sahakari Bank in Pune. Why Mr Agashe family is not repaying loans immediately? Why the attached property is yet not sold?
The land sold to Mr. Jain. Where is the further recovery? Why Coop.Department is not taking urgent steps to recovery the money from attached property? Who is really responsible for the delay? When recovery of the loans will be done to such a target amount that another bank can take over the Suvarna Sahakarik Bank?
Clear picture is not shown or published in leading newspaper like "Sakal".
It is learnt the attached bungalow in outskirts of Pune ie. Aundh etc. of Mr. Agashe family is yet not sold and amount is yet not recovered? why? Every investigation should be done. Letters should be written to Chief Minister as well as Prime Minister of India to show the status of coop. banks in Maharashtra. Most of the Depositors are retired persons? how they will survive? State Govt should look into the matter and do the needful.The factoring services should be utilised by the Bank after due try. What the minister like Mr Patangrao Kadam and Mr. Sharad Pawar are doing in this regard, should be published by Sakal news paper immediately on regular basis. I personally feel that " Depositors Local Committee" in Pune should take further steps to ensure that the interest of the depositors is 100% safe. R.B.I should take immediate steps for mrger of the Bank with IOB or Saraswat bank. Why still there is delay when offers are already made by these Banks? The reason is unknown to general public.
For all this National level movement is required by creating strong association at local state and national level. Comments are expected.
S.J.Gosavi Advocate
B.Com.LL.M.CAIIB.MBA(Banking&Financed)
The Reserve Bank of India takes steps only after audit reports that too when losses of the particular bank are recurring again and time.Why RBI is not taking step in right time to enable depositors to take proper decision to keep the deposit in the bank or not? Why Coop Department and RBI is not giving caution notice in the news paper about the affairs of the Bank when it is not safe? What RBI has done concretely for safety of Depositors? The cover for safety is of only one lac in case of liquidation of the Bank. It should be raised at least upto 5 lacs and thereafter with 50% premium from depositor and rest from the bank upto 10 lacs. The amount covered should be disbursed immediately for which the liquidation should be the last resort. Every Bank should ensure safety of depositors. It should be ensured that loans are given by strong security and for personal loans recovery should be linked with salary income otherwise recovery will be poor and NPA will increase.
What role RBI has played in case of Suvarna Sahakari Bank in Pune. Why Mr Agashe family is not repaying loans immediately? Why the attached property is yet not sold?
The land sold to Mr. Jain. Where is the further recovery? Why Coop.Department is not taking urgent steps to recovery the money from attached property? Who is really responsible for the delay? When recovery of the loans will be done to such a target amount that another bank can take over the Suvarna Sahakarik Bank?
Clear picture is not shown or published in leading newspaper like "Sakal".
It is learnt the attached bungalow in outskirts of Pune ie. Aundh etc. of Mr. Agashe family is yet not sold and amount is yet not recovered? why? Every investigation should be done. Letters should be written to Chief Minister as well as Prime Minister of India to show the status of coop. banks in Maharashtra. Most of the Depositors are retired persons? how they will survive? State Govt should look into the matter and do the needful.The factoring services should be utilised by the Bank after due try. What the minister like Mr Patangrao Kadam and Mr. Sharad Pawar are doing in this regard, should be published by Sakal news paper immediately on regular basis. I personally feel that " Depositors Local Committee" in Pune should take further steps to ensure that the interest of the depositors is 100% safe. R.B.I should take immediate steps for mrger of the Bank with IOB or Saraswat bank. Why still there is delay when offers are already made by these Banks? The reason is unknown to general public.
For all this National level movement is required by creating strong association at local state and national level. Comments are expected.
S.J.Gosavi Advocate
B.Com.LL.M.CAIIB.MBA(Banking&Financed)
2 comments:
I fully agree with Mr.Gosavi's views.It is very disturbing that RBI is taking this matter very casually and the political leaders will interven only when they are likely to get political advantage.As suggested it is very difficult for all the depositors to come togather and show thir power since everybody is busy.
However it must be brought to the notice of Govt and possitive action should be initiated and money must be recovered from Mr.Agashe who is clearly a defaulter.
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