లక్ష్మి విలాస్ బ్యాంక్ ను ముంచారు,మళ్ళీ అదే కథ || What brought down Lakshmi Vilas Bank? ||
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- Опубликовано: 19 ноя 2020
- లక్ష్మి విలాస్ బ్యాంక్ ను ముంచారు,మళ్ళీ అదే కథ || What brought down Lakshmi Vilas Bank? ||
Even as the Chennai-based Lakshmi Vilas Bank (LVB) has been placed
under 30-day moratorium till December 16 by the Reserve Bank of India (RBI), its lending and recovery policies with regard to corporate loans are drawing attention. The moratorium announcement on November 18, and limit on cash withdrawals came as a rude shock to customers, though the crisis had been in the offing for long, say sources.
According to some of the 94-year-old bank’s shareholders, sanctioning of huge loans in three years and alleged collusion of the board of directors with the borrowers had led to the present crisis. The bank’s non- performing assets (NPAs) or bad loans have steadily increased since 2017.
Failed efforts by the bank through market mechanisms for survival and mergers has resulted in the announcement of moratorium.
A demand for merger of LVB with a public sector bank is being raised by shareholders and investors, who are opposed to its merger with Singapore’s DBS Bank.
Meanwhile, bank unions continue to demand criminal proceedings against wilful defaulters and total recovery of corporate bad loans.
‘SHIFT TO CORPORATE LOANS HURT BANK’
LVB continued as a traditional bank till 2017 after which it shifted focus to corporate loans from small and medium enterprise loans. The bank could disburse huge loans, but that has had a telling effect on its performance, leading to the current crisis.
Subramaniam, former general secretary of the LVB Officers Association, told NewsClick: “The present crisis is the result of collusion among some directors and borrowers. The board violated the lending regulations prescribed by RBI. The key decision-making bodies were contractualised and were utilised to violate norms and disburse huge loans. Those huge loans sanctioned in the past three years are now haunting the bank”.
The legal proceedings by the Economic Offences Wing against LVB and Singh brothers in the Religare Finvest Limited issue is an example of violation in lending norms. The major defaulters of the bank include Coffee Day group, Cox and Kings among others, said sources.
The bank’s total loan portfolio stands at Rs 16,000 crore, which is low considering 94 years of the bank’s existence. This is in contrast to Yes Bank, a new generation bank, which lent around Rs 1.5 lakh crore in just four years in only 16 years of its existence.
‘CHANGE LENDING AND RECOVERY POLICIES’
The corporate NPAs of LVB have been estimated between Rs 3,500 crore and Rs 4,000 crore. The Capital Adequacy Ratio was in negative terms in September 2020 after being reported at 0.17% in June 2020, while the BASEL-III norms recommend a 9% limit. The gross NPAs of the bank also increased to 25.4% in 2020.
The existing mechanism could be of very little help in recovering bad loans from the defaulters, bank unions said, adding that the policies of RBI and finance ministry in framing lending and recovery norms require a drastic change.
C P Krishnan, joint secretary of Bank Employees Federation of India (BEFI), said: “The government of India should contemplate making drastic changes in the lending and recovery policies. A 100% collateral security should be implemented for corporate loans as is being done for small borrowers”.
The failure in recovery of corporate NPAs has been admitted by the Finance Minister herself. “The Insolvency and Bankruptcy Code (IBC) has helped in recovering only 44% of corporate NPAs. Such policies will affect the banks and endanger the trust of citizens in the banking system. The government should ensure more stringent rules to recover corporate NPAs”, Krishnan added.
‘MERGE LVB WITH PSB AND COMPENSATE LOSS’
The proposed merger of LVB with DBS Bank India has not gone down well with the stakeholders. DBS Bank India is the subsidiary of Singapore-based DBS Bank, which again is the subsidiary of DBS Holdings. The bank has negligible presence in India, that too only in Metro cities.
“Past experiences have shown that rural branches are closed down when traditional banks are merged with private banks,” said Krishnan while pointing out that “60% of LVB branches are located in semi-urban and rural areas. So merging with a PSB is a better option instead of DBS Nank.”
Corruption allegations in private banks, such as ICICI Bank, Yes Bank, are also a key reason behind the demand for LVB’s merger with a PSB.
“The functioning of private banks is more opaque and prone to violation of norms. LVB should be merged with a PSB and its incurring loss should be compensated to the parent bank on merger, while proceeding with total recovery of corporate loans”, Krishnan added.
www.newsclick.in/what-brought...
True , very correct
Sir మోడీ గారు నిర్మలా సీతారామన్ కూడా just time pass 24 గంటలు యువతని రెచ్చగొట్టాలి లేక పోతే పాకిస్తాన్ ( ఇది ఒక పనికీ మాలిన దేశం)
ఇదే అంశంపై ప్రజల్ని రెచ్చగొట్టాలి అంతకంటే ఏమీలేదు
Excellent sir.
Thanks sir for good explanation💙💜💚💙💛
Supersir
మీరు ఎంత చెప్పినా కుక్క తోక లాగా భాజపా వక్ర నిర్ణయాలు మారవు. ఇటువంటి చెత్త రాజకీయ నాయకులు ఉండటం మన దేశ దురదృష్టం.
కాపాలదారుడిని అని చెప్పుకున్న మోడీ హయాంలో బ్యాంకులు దివాళా తీయడం, కార్పొరేట్ల ఆస్తులు పెరగడం చూస్తున్నాం.
Good analysis.
No words to say sir tq
Mera Bharat???????
ఈ బాంకుల విషయములో మీరు చెప్పినది నూటికో నూరు శాతము నిజము. లోకములో అందరికి బలహీనుడైన సామాన్యుడు , బలహీనమైన జంతువులు, పక్షులు అయినా మేకలు
గొర్రెలు కోళ్లు వగైరా లోకువ. అన్నిరకాల పన్నులు కట్టేది సామాన్యుడే . అందరికి ఆహారము అయ్యేవి మేకలు గొర్రెలు కోళ్లు వగైరా మాత్రమే. సంపన్నుడు ఏ పన్నులు కట్టడు. సింహాలు తోడేళ్ళను ఎవరు ఆహారముగా తినరు.కనుక ప్రజలలో సమాజములో జరిగే ఈ అన్యాయాలను విద్యావంతులు చేయటము ద్వారా ( కాపీ కొట్టిన వారు , దొంగ సర్టిఫికెట్లను పొందేవారు తప్ప ) చైతన్యపరిచితే ఇటువంటి గొడవలు సమసిపోతాయి.
That is present political democracy of india
yes u r 100% right , govt must do
I love you sir
చాలా బాగా చెప్పారు sir..... చిన్న చిన్న తప్పులు చేసిన వాళ్ళను అరెస్ట్ చేస్తారు.. మరి ఇలాంటి వాళ్ళను ఏం చెయ్యలేకపోతున్నా రు......
ఉన్న వాస్తవాలను వివరించి నందు లకు 🙏
I am banker. Well said sir
మన దేశంలో తెలివిగల వారెవరు బ్యాంకులలో డబ్బులు దాచుకోరు.
మోడి లక్ష రూపాయల డ్రస్సులు వేసుకుని పుర్ర చేయి తో ప్రసంగాలు ఇస్తాడు
Andhra bank merge into union bank very funny
సార్ PACLఅనే ఇన్సూరెన్స్ సంస్థ లో నెల కు రెండు వేలు రూపాయలు చోప్పున ఆరేళ్ళు కడితే ఆరు లక్షలు వస్తాయి అని చెప్పారు అప్పటి నాకొడుకు చదువు కు ఉపయోగపడుతుంది అని కట్టాను ఇప్పుడు అఫీసు ఏక్కడ ఉందో తెలియదు కట్టించిన ఎజెంటు కోర్టు లో ఉంది నేను ఏమి చేయగలను అంటూన్నాడు ఇప్పుడు ఏమి చేయాలి
Aasha vadhuloddhu.meeru oka pil veyandi
Sir amount retired judge gari dwaara recovery possible pl verify PACL website
Yes sir what u said absolutely correct✅
అన్ని బ్యాంకులను తీసేసి రిలయన్స్ బ్యాంకు పెడితే లొల్లి పోతుంది
Fast ga India Develop avutundhi...
త్వరలో ఆ అవకాశమూ లేకపోలేదు !
Coming soon
In future change country name to Reliance....
Ekadaina competition undali. Apude prices anni people ki anukulanga untay. Okate unte competition ledu kabatti vadi istam vachinatu prices pedtaru.
దేశం చెడ్డ వారితో ఎప్పుడు చేడిపొదు అది చూస్తూ వురుకునే మంచి వాల్లోతోనే.
Ade kada ippudu jaruguthunnadi
Banks not working for coman Man.
Power matter chestadi .......RAGHURAM RAJAN prashnite pikeshinlu...viralacharya ni pikeshinlu ...Urgith Patel m aindi...
Prof.Nageshwer Garu corporate దోపిడి గురించి చాలా విషయాలు చాలా బాగా చెప్పారు.
కాని ఈ దోపిడిని ఎవరు కూడా ఆపలేరు. ఇదంతా ఒక calculated Deccoity which is supported by Govt.
GOD ONLY SAVE THIS COUNTRY.🙏🙏🙏
మీ ప్రసంగం సూపర్ సార్, మీ విశ్లేషణ ద్వారా సామాన్యులు కూడా ప్రభుత్వ తప్పిదాలను అర్థం చేసుకుంటారు, చాలా ధన్యవాదాలు సార్
Good analysis thank you sir..
Plz make a video
Why the govt is not responding for the next academic schedule
When jee exam
When neet exam
When they are going to conduct board exams
ATLEAST tentative exam schedule for the students
Why the government is not taking decisions on these issues
Excellent analysis every citizen should know about the subject.
Rational, impartial and nicely analysed Sir,
Thank you for enlightening 🙏🙏
ఇంక ఎవరిని నమ్మాలి మనం 🤷♂️🤷♂️
ఎవరు వస్తే మన భారతీయుడి జీవితంలో మార్పు వస్తుంది 🙇♂️🙇♂️🙇♂️
Evaru raaru mundhu vote vese vaalu ante manam marithe....automaticga anni set avthai.
But india idhi antha easy kaadhu....endhukante ikkada andaru medhavule...antha analyst le
ఎవరు వచ్చిన సరే గుజరాతీలను రానివ్వద్దు
Excellent suggestions sir.
Good analysis sir....,👍👍👍👌👌👌
The biggest cheaters in the world are educators who complete their education in premier management education institutions in the world.these institutions teach students how to cheat the gullible innocent people. All books of management courses revolve around how to cheat society
Good analytical video.
Jai modi, you are doing very good job. Those people who are prompt are robbers but those people who loot the banks are god.
ఇది ఇలాగే సాగితే కొంత కాలం తర్వాత ఆదాని చేతులెత్తేసినా ఆశ్చర్యం లేదు.
Super sir. Exclent speach
Sir, you are right. Then what we have to do as a depositors. Can you please suggest depositors an alternative to safeguard their money. I request you to please give the solutions/alternatives available to the public so that they can minimise their losses.
Well said sir
Excellent words 10:00
బ్యాంకులకు డబ్బు ఎగ్గొట్టిన వాళ్ళను జైలుకు పంపండి. డబ్బులు అవే నడుచుకుంటూ వస్తాయి.
Super knowledge sir ...everything is crystal clear
Sir-. Meeku teluyani subject edaina unda andi. Great.
నేరుగా బ్యాంకు ని దోపిడీ చేస్తే దొంగోళ్ళు అవుతాం - అదే NPA ల రూపంలో చేస్తే కార్పొరేట్లు అంటారని చేస్తున్నారు ప్రొఫెసర్ సార్...... మన మద్యే ఉండే ఆర్థిక ఉగ్రవాదులు....
Chala Manchi vishayalanu chepparu sir
You said truth sir..
RBI failure to regular audit on private bank's.Many corporate companies not pay loans to the banks . Many banker's sanction money without suirities to the corporate and MNC company, industrialists and politicians also.
Good sir very good question v good of question I like this video keep it up
Don't call it as corporate scams.. It is desabhakti.
😂😂😂😂 desh bhakti # andh bhakti #
@durga ganta aa Pappu modi naa
Banking system lo scam's ani ithuna m pikuthaley😂😂😂
@@kalyanchakravarthi9912 valla party ki funds kavali kada. A scam lo vata iste em cheyaru.
Very nice information wonderful message
Whole credit goes to Our EVM Pm modi
ఇదే మరి డిజిటల్ ఇండియా అంటే బ్యాంక్ లో డబ్బులు ఉన్న వాడుకునేకి వీలు లేదు బ్యాంకు లు ఉన్నా లేదనుకోవడం
GHMC ఓటర్స్ జర జాగ్రత్త బీజేపీ వాళ్లు ఓటుకోసం వస్తె ,బ్యాంకులను కాపాడలేని బీజేపీ పార్టీ GHMC ఎన్నికలలో ఓటు అడిగే హక్కు లేదని చెప్పండి.
Bjp ki emi sambhadhamu...Mim ki vote veyu edho okaroju bhaimsa laga ...vepulu pagula gottichukonddi
O k. Brother
Yes. Brothar. My. Vote. Is. Trs
BJP Banks Jhandaa Peeke party.
All are one and same. What KCR did for TSRTC now he is questioning LIC privatisation
Bad banks running properly ..good banks lossings
Sir super Explanation 👌
Very good explanation about LVB and banking sector.....Thank you.
Only GOD can help our country
Well analysed sir....
నేషనల్ ఇంపార్టెంటెన్స్ టాపిక్స్ ఇంగ్లీషు లోనూ తెలుప గలరని మనవి - మన యావత్ భారత దేశానికి తెలుపవలసిన అవసరం ఎంతైనా ఉంది సార్
Sir english youtube channel ni choodando
Super sir
అంతా మా మోడీ గారి నాయకత్వ మహిమ..
It's only corporate cheating
Good explaination.
Eaa vishayam meeda ekkada kuda manaku nyayam jaragadu
Good demand sir
Sir miru correct ha chepparu
Share holders పరిస్థితి ఏమిటి? Sir
Respected NAGESWAR RAO SIR please send detali mail to supreme court about take action whoes are took loan more than 50 crore and not ready to pay,them make disqualify to context elections.then suprem court chance to take as SUMOTO .then may give order to central govt.plese sir
కార్పోరేట్ల వెూసాలపై మంచి విష్లేషణ.
Super analysis
Sir.. Please Make Video About RTPP Kadapa... Because GOVT Ready To Merge In NTPC...Now They R Cut The Some Monthly Insensitive Amount.. Please Make Video Sir
Super video sir....
Central government has involved and removed Laxmi Vila’s bank board of directors and appointed Canara bank CEO as director.
Even though RBI said 1 month moratorium
Central government merged in 5 days
మహానుభావా నువ్వు ఈ దేశంలో ప్రజలకి ... ఎంతో అవసరం...
Your. Analysis. Is. Very. Super. Sir
Board of directors property government theesukoni dhanitho prajala dabbulni ivvochu kadha saadhaarana maina vaaru loan kaadhu kadha chirigina notu iste theesukoru .
భక్త మహా సోదరులకు ఇటువంటి విశ్లేషణలు నచ్చవు సారూ
It is not only BJP, even Congress is also involved in this matter. Moreover it is a close nexus between politicians and big corporate companies.
@@MrPrince750 who is ruling since last 7 years sir
What have they done to improve ?
Good analysis sir.. We support you ideas
సర్, క్షమించండి , వాళ్ళు తీసుకున్న లోన్ బినామీ పేరు తో వున్నప్పుడు వాళ్ళు పోటీ కి ఏ విధం గా ఆపగలరు.
Pick pocketers photos bus station lo
Bank fraudsters photos parlamentlo coming soon
PUBLIC SECTOR BANKS or PRIVATE SECTOR BANKS both works, helps, encourage, follow for POLITICIANS, BIG BUSINESSMEN, BIG ENTREPRENEURS, BIG BUILDER'S, BIG CONTRACTORS & DEALERS & DISTRIBUTORS only these BANKS NEVER GONNA be SUPPORTIVE for those people who is REAL & who needs FINANCIAL SUPPORT... Recently GOVT of AP & GOVT of INDIA had Released the CORPORATION LOANS to SELF EMPLOYED WORKERS but Majority of the BANK MANAGERS only Alloted to their PRESONAL PEOPLE.... all Banks Needs to comes under OBSERVATION & MONITORING BODY on Thier BANK FUNDS ALLOCATIONS... myself I am working as ACCOUNTANT I Know How BANKS MANAGERS & TOP MANAGEMENT works for their COMMISSIONS on APPROVALS of BIG LOANS by MANIPULATING the Documents & Assests...
Top Level BANKING Management has became PUPPET under STATE & CENTARL Politician's....
BANKS never Helped to COMMON MIDDLE CLASS FAMILY...pur Banking Systems works for POOR & RICH PEOPLE.... Every GOVT do the DEBTS WAIVERS...
One more bank is to be added to the list. That is Manasa urban coop bank and few more banks are in the pipe line. Weather it ia PSB or private bank is not the question. You need to keep the banks away from political leaders. Bank are spoiled in India mainly due to corporate advances and failure in recovering dues. Recovery is not possible since they are linked to leaders in power. Secondly loopholes in our our legal system, corrupt officials etc etc.
Banking is very sensitive area and very difficult to handle. However care you exercise things are bound to go bad.
Another reason in the banks is ill treatment given to staff by the govt. They work like donkeys on account of shortage if staff every where. Unfortunately they are not treated at par with state and central govt employees.
Banks are to be taken out from the clutches of DFS and IBA and are to be kept under RBI control directly. On account of continuous harassment by the above, employees are desperate. All govt schemes are implemented honesty and sincerely by the banks inspite if many hurdles but govt isn't considering their legitimate demands.
Particularly bank retirees are cheated, deceived both by unions and IBA for years together. This is the only dept where pension is not revised for past 25 years even though they have their own pension funds available.
Inspite of their exposure to risk, bank staff worked through out this covid season. Hundreds of staff died but no appreciation or recognition by the govt. Our respected FM Ms Nirmala seethaeaman has shown some soft corner towards bank staff and has promised some thing but to be seen how far that will materialize.
-->సినిమా Heroins- Model's-Kidsకి foreign education-Luxury foreign tours/trips.
-->వినకుంటే తప్పించడం
ఉన్నంత వరకు దేశం మారదు..
-
Corporates jobs create చేస్తూ ఉంది అంటారు..
Many thinks like Development happens only with Corporate.
--
Public sector do corruption to block development.
Corporates won't repay loans to do development.
Which one is correct?who is better?
Both are wrong both need to change.
Politicians won't stick to their election promises?
If they dont then who will question them...?
This is the loophole in Indian democracy.
Who can question Modi about his bringing back of black money from abroad and giving to every citizen of India?...as you rightly said.
In our state also, many co operative banks sunk , 15 years back sir. (Vasavi , charminar, Prudential etc.)
Jai Modi ji. Har har Modi
Good analysis sir,who will protect poor depositors of banks?.government, politicians are not reliable, good values people who respect constitution of India like you sir , participate to safeguard civilians rights and dr br ambetkar views regarding constitution of india.
Hi
బ్యాంకుల దా పాపం.....
మధ్యతరగతి కి చెందిన ఖాతాదారుల దా పాపం.....
ప్రభుత్వ అవినీతి రాజకీయాలను ఉపయోగించడం ద్వారా అంబానీ మరియు అదానీ ఎలా ధనవంతులవుతారో మీ ప్రసంగం ద్వారా సామాన్యులు అర్థం చేసుకుంటారు
No one said pvt. banks can work efficiently, I dont know Nageswaru garu where from he gets such information or vakra bhashyam. Failure of Pvt.banks is not a new thing, earlier Krishi, Prudential, Charminar, Global Trust Bank and several other banks were failed pvt. banks.
DBS lo merge avutundhi kadha inka problem ledhu . Inko 50 years lo malli swasantra undyamam cheddam
👌👌👌🙏
Worest govt sir... both central &state.... unemployment ni aslu pattichukovata le...
Dayyalu vedalu vallinchinattu vunnadhi
Ayya miru mi vakhchathuryamtho samajaniki manchi cheyyaka poyina parvaledhu kani chedu mathram cheyakandi
70 years daridranni motham ee 6 yesrs palinchina vallu chedinattu cheppadam bavayama
Anil amabani thana asthulu ammi bankula runalu thircharu sir
Thank you so much sir please continue your great analysis sir ❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️
Vishelshana kanna, vimarsa la anipinchindi...
India 2008 lo financial recession successful ga overcome cheyadanki Indian Banking punadulu gattiga undadam main reason. India lo recession osthe, tattukune power undadu. Oka rankanga ee organised loot valla nation financial ga petta beda sardeyalsina paristiti. 🙄🙄🙄
Sir,
Please tell me about the adarsha credit co-operative society Ltd and sahara credit co-operative society Ltd
because we are struggling from that two socityes
Sir please make a video about LIC IPO, what problems are facing policy holders
BJP vunnatha kalam India bagupadadu,Indian economy nil,govt organizations anni corporate laki potundi
ಪಾಕಿಸ್ತಾನೀಯೂಲ ಮಾಟ ನೀ ನೋಟ.
ಅರರೆ ಟಿಂಗರಿ ಬುಜ್ಜಿ , ಭಾರ್ಯಾ ಬಿಡ್ಡಲು ಲೇನಿ ಮೋದೀಕಿ ವಚ್ಚಿನ ಲಾಭಂ ಏಂಟಿ. ಅನ್ನಂ ತಿನೇ ನೋಟಿಲೊ ವೇರೇ ಮಾಟಲು ವದ್ದು.
ಖಾನ್ಗ್ರೇಸ್ (ಕಾಂಗ್ರೆಸ್) ಸರಕಾರಂ 2009 ನುಂಚಿ 2014 ವರಕು ಯವರಿಕಿ ಎಂತ ಲೋನ್ ಇಚ್ಚಿಂದೊ ತೆಲುಸುಕೊ ನಾ ಟಿಂಗರಿ ಬುಜ್ಜಿ.
ಪಾಕಿಸ್ತಾನೀಯುಲು ವಾಗೇ ಮಾಟಲು ವಾಗಡಾನಿಕಿ ನುವ್ವು ಹಿಂದೂವಾ ಗಾದಾ?
No party or govt. is responsible. The selfishness of political leaders is the main cause, because the govt. has to honour the recommendations of the political leaders, lest they will withdraw support to government. So the presidential democracy is needed, as like in US.