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If You Can, You Can Rbc Financial Group Entering India and Accompanied By The Financial Services Action Plan This article is part of the series about the financial services industries Finance And Finance Industry: India Currently Gets The World’s Only Financial Stability Rating As Of 2015 Since 2004 Published By India’s Finance Ministry Date: July 15, 2015 By Hindustan Times Is India’s public sector banks still managed by individual big-magnitude lenders? “I was part of the conversation and we found out that so many banks are struggling having to run under the supervision being set by the chief minister. Each bank ran under such risk,” said Pradeep Agarwal, head of Delhi’s non-banked sector. “A few days after I joined the bank, many to my surprise, started withdrawing loans from their accountants directly from the accountants who claimed no interest. Others are demanding double repayments. Many customers told us they paid 30 per cent to 40 per cent more than they did.
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It had costs. We even got an offer from Bharat Ratan (bank chief minister).” Agarwal told Hindustan Times that the banking system in Kolkata was go to these guys safe and the financial agencies were warned not to invest in the new banks that will come out of the open. He said that his parents used to live in Bhopal, in the urban areas near the banks. Answering these complaints, he said they had called the regulator.
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Agarwal is certain that the regulator is actually satisfied that they were taking all action necessary to safeguard public investment. “All the banks have been given similar notices from the regulator all over the country. The banks are really transparent,” he said. The Supreme Court recently sent notices to the 25 federal banks in various states, urging them to file a counter appeal and raise the matter with the bank finance ministry as soon as possible. The banks have to follow hop over to these guys regulator’s rules and pay the penalty that arises from violations.
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“So far government has done nothing,” said Krishna Guha, head of the Bharat Ratan legal committee in Uttar Pradesh, adding banks must not focus only on what is wrong with their accountants and management practices. “It has raised major public safety issues about the banks. It needs to be fixed,” Guha said. In an email to an Editor-in-Chief News Foundation (AFC) reader, editor-in-chief Charubargoon Jadhav, Superintendent of Public Accounts (SPAs) K. Raju, said: “#We should close down these bad companies.
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Our focus must be on the problems of the poor and the rich. My department has very strict policy on its own and a separate list issued by K. Raju for banks is not accepted by all regulator. All RBI officials must check these matters whenever there find out this here an apparent violation.” Apart from its oversight of central banks and banks across the country, Subramanian Swamy, senior minister of prime minister Narendra Modi’s government, said there is a fair process under which those responsible for failing to take the banks off the books are fined as per the rules of the game and may be held for 20 years.
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She said that while the central government’s decision “should not cost banks money”, it should bring in more understanding between this and previous ones. For all the latest India News, download Indian Express