FD rates are based on Projected yield of government bonds for 10 years. The moment FD rates are increased interest rates on loans will be increased as well as government debt. This ultimately led to the increase in capital cost of capital-oriented sectors, housing loans, and government debt which invariably pushes the government to reduce CAPEX as well as welfare expenditure since interest outgo on debt taken by the government increases. In a given system it cannot effort to increase the interest rates just for the sake of benefitting the FD Holders.
@@narasimhamvakkalankaits about options. People moving from saving bank/FD to mutual fund sip. People wanting to keep money in debt are moving to debt mutual fund, liquid fund, ultra short bond fund. Primary reason is you get paid full amount based on how long you keep and provide liquidity. FDs unfairly charge penalty and don’t pay sufficient if premature withdrawal. Saving bank account is close to misusing user by providing very low rates.
ಸ್ವಾಮಿ ಕನ್ನಡದಲ್ಲಿ ಸೇವಂತಿಗೆ ಹೂವು or in slang, ಶಾಮಂತಿಗೆ ಹೂವ್ವ. 😁 Sirs, most relevant 🔥 topic, prof RV🙏🏻 so easily explains, we learn so much. Thank u prof sir & shree sir, u have made us addicted to PGurus 😎. All ur broadcasts r superb ❤👍🏻👍🏻❤❤carry onn, 👍🏻
What RV saying on Bank deposit is correct.... I broke my saving that I had substantially money as FD and moved to MFs... The returns that I earned is reasonably good... Big disadvantage of FD is that the interest rate is 7.5% and the effective returns could be 5-6% depending on the deposit amount. On the other hand, if you consider the inflation which is 7-8% and effectively you see a negative growth on your investments... The major advantage is for the bank... For FD holder, if they declare share from their profit, then there coukd be a future for this scheme...
We have to save for our future expenses and retirement as no government which happily collects tax from us when we work will give anyrting back when we retire - they will continue to tax us as the expenses exceed the tax limits
And it is ironic that such a simple truth is not understood by the eminent bankers. The current tax system we have, real inflation( not the govt numbers) and cost of living are outrageous. What else can a salaried person do but to take risk. But nobody addresses it. Such a pathetic state of affairs.
TWO POINTS! #1. True sir! My visits to the Banks have become very very rare! #2. ITR filing can be damn simplified...I totally agree with RV sir....ITR SARAL form should be only 1 PAGE!! We should not be going to the Auditor for filing an ITR! #3. The problem is that they are taxing the interest rates on savings account and FD interest also... This is atrocious. CBDT must take their hands off from taxing the interests OR atleast they should give exemptions on TAXES on Interests on deposits. 🤔🤔 ---Instead Banks can charge an FD maintenance Fee or something like that. ---Then you see, Money will start pouring into Banks.🙏🙏🙏
Sri Ji, 'Small is beautiful' a book by E.F.Schumacher, a book i read, many years back; I was reminded of those principles, when i heard our Prof. R.V. speak❤
Banks have a good alibi namely RBI’s directives. A typical example is KYC instructions. KYC should mean ‘know your crooks’ and not know your customers. An honest customer is harassed. Horrible problems arise when a customer dies.
R V. Sir. Most of the investors,not only youngsters are alienating deposits from banks because of better ROI from Mutual funds.. Moreover the money deposited in the banks are not utilised properly. The funds are misused , and priority is given to rich class and businessmen.average middle class is neglected. The customer service is hopeless in public sector banks.
@PGurus Youth interested in F&O trading vehicles is just a symptom of a few things, - The Stock Market is the only legal gambling avenue. - Today's youth have disposable income, which can be spent beyond keeping savings while participating in the growth of the Indian stock market. - Youth has been disincentivized by the dinosaur technology that most Indian banks carry, and on top of it, going to the bank experience is a hassle, not a positive experience. So, it's no surprise that this will continue !!
When banks do not even pay real inflation rate as interest on deposit, citizens are forced to look at other avenues. Govt only collects taxes and tax paying middle class get little or nothing in return but yet have to meet rising costs. Equity is the only option but not the F&O trading and real investing.
Just to clarify Prof. RVs comment on IBA is not correct. It is rather that Banking Regulation Act 1949 which does not permit CASA for non-banks. RBI only implements its role as Supervisor of Banks by stipulating regulations. The role of IBA is as a self regulatory body which interfaces with RBI on common issues Bank face. Fintechs can play a role - just like Google does through GPay, but the underlying money should be controlled by Commercial Banks whether it is nationalised, private or small finance or payment Banks. Managing money - returns and liquidity is a different ball game which cannot be handled by Fintechs. In fact, the reason Indian Banks are comparatively stable is because of BR Act and the proactive role played by RBI.
Some of the dmat accounts are forcefully kept active by brokerage houses…I have three such accounts in which no transaction took place for more than a decade…! Submission for closure are not adheered to..!
Even DEMAT Holders are also to be blamed. Many of my friends opened DEMAT accounts and, after some time left it even without bothering about payment of yearly charges. Additionally, there are issues like the transfer of unclaimed dividends, illiquid stock in the accounts, etc. This is a multi faceted problem.
I work in a Public sector bank close to 15 year's and have to tell suicide is high among Branch manager in public sector bank and we see every month some sucide. Again u r correct that it is mainly due to non achievement of target, mainly insurance target. But few I have to add that work load has infact increased rather than decreased after digitalization The digital product is very bad in government bank that we found manual opening of account very easy to open. Portal always get stuck and issue not being resolved.Also 1000 of portals have come and we spend time not to see customer face but to scan and upload in portal. From loan to account opening in portal is very slow and complicated. I can say many things but really bank has become bad place to work last few years. Speak to some psu bankers about it.
Honesty and loyalties are societies needs. Individual prefer total freedom. Adulteration and corruption are part of individuals freedom. We felt needs of central banking system because of this principle only. Individual banks made own rules and working tactics. Cash in hand could be easily manipulated by fake notes.
Issue with banks are less user friendly. Internet is better option and convenient. Now banks are charging convenience fee for using online services. It is ridiculous.
Additional employement in Banks have become....Additional Interest on EMIs of the poor middleclass/ borrowers......The interest on the EMIs have keept on increasing in these years......Its time to have a third front ....who will really take care of the middleclass financial burden by reducing it to a considerable extent & the extremly poor section of the population....
For comment: not many people visit banks, it's not only because online banking, many banks are really slow ..including hdfc in mumbai , it is tiring to make a simple thing work there.
What u said is 100% true,they just come to bank n go, no service is given,only interested in giving home loan,car loan n gold loan.msme loan never given,no bank wants to give mudra loan. Nothing more to say
Job security has gone for a toss, something which old generation doesn't realise, so it makes sense to not play the long game. As no-one is confident on the job security, its a gig economy so gig is what banks get.
Simple change the Law of Nature. Also Mind ask wants more. Both demand and supply met... Combined with Greed. One see many happenings in society, didn't least Fifty years ago. 🙏
sir you are right ,todays youth wants to become rich quick ,,so don't save, ,and try invest ,and make quick bucks ,butnot save, the only down side is their emi's will grow and they are nor insures save. sufficiently for life,job ,risks,and childrens education
Sir, forget deposits, even Gold rates compared to share value is low. An investment in SGB fetches less than that invested in shate market thru capital gains. This is evident from daily rise of Sensex from 75000 pre election to 85000 today
THIS TIME IBA ON THE ADVISE OF FM ENGAGED ALL UNIONS INCLUDING POWERFUL AIBEA SIGNED A WAGE AGREEMENT GIVING SOME 17&1/2% wage increase. FOR INS COMPANIES THIS WAS IMMPOSED. A 5 YEAR AGREEMENT.
Dissappointed with the quality of inputs by Prof RV. Just says close big banks. Regional banks are the way. Started well on customer aspiration changes. Are banks a place to store money. Has it come down to be transaction banks. How payment institutions are taking away fund transfer business. So in the changed circumstances what is role of future banks. Banks need to reinvent. So how does the future bank look. . These are real issues
I do believe that the learned Professor’s points are totally valid, but they apply to perhaps only 15 or 20 percent of depositors. A majority of depositors succumb to the misleading advice of banks themselves
RBI is not protecting Banks. They are bothered about monitoring deposit credit analysis as Google pay vallet or Paytm vallet etc are not under direct control and RBI would be handicapped in formulating their monetary policies and check the detoriation in the value of Indian currency or ensuring sectoral flow of credit to check price control and inflation. Something would emerge better if regulating these wallets of Google, Paytm phonepe Amazon ola uber are also brought under RBI. My only hope is that service providers maintain the aggregate balances of their customers' wallets ina bank.
Nation very much needs a Party or a "completly 3rd Front" who can perform the following on a warfooting basis. 1. Proper complete " data card " of each & every person of the nation ...it MUST include Biometrix Blood group & DNA .Nobody should be left out ... 2. Bank Accounts to be created for each & every person of the nation...& every person should be entitled for 500 rupees a day which goes to the bank account.....The next day after midnight 12 another 500 credited ...." Auto replinishment system" 3. 10/20/30 & 40 feet " Jack up Insulated Containers with bathroom / toilet / kitchen / watertank at the top..." For the Homeless & people who prefers to live in those contrainers - NOBODY has to be seen on the streets due to lack of home.....JACK UP CONTAINER meaning it can be jackedup when there is heavy rain by use of gears... The above 3 are NOT a difficult task...it will take only 5 to 10 years to get it streamlined....
Sir, banks are killing themselves by wearing other hats such as insurance agents, demat agents and mutual fund agents. Their own officers advise me not to waste my hard earned savings on fixed deposits yielding “uninteresting interest”. They don’t explain the risks involved. When they themselves deflect the depositors, the dwindling of depositors is only to be expected. People want to get rich tomorrow. They foolishly chase their shadow.
When Haifa was liberated by the Mysore, Jodhpur and Hyderabad Lancers, there was no Israel yet and it helped the British to defeat the Ottamans who were siding with the Axis. Yet, it is Israel alone that remembers the historic battle and liberation of the port by brave cavalry soldiers who went against their british commanders and refused to back down in the face of cannons.
Suicides by PSB Staff are very rare - these are due to unrealistic targets allotted by his/her boss who chases the employee later with insulting words in conferences. The boss himself/herself in such cases doesn't have any market perception for arriving at the target figure for the subordinate. Work is low then, but tension and mental pressure is high - it may result in suicide later by weak-minded subordinate.
Sir, banks are killing themselves by wearing other hats such as insurance agents, demat agents and mutual fund agents. Their own officers advise me not to waste my hard earned savings on fixed deposits yielding “uninteresting interest”. They don’t explain the risks involved. When they themselves deflect the depositors, the dwindling of depositors is only to be expected.
What would be solution for senior citizens and people preferring n trusting government banks if they close, how would we trust local banks, many private banks also closed with scams,
Anything that does not grow with time is not an Asset. Putiing all your money in banks is no good to you. Its good for others who use banks money and invest in business / enterprise.
I have a huge respect for Vaidyanathan sir, But he is completely wrong on many aspect in this interview. Hope some on reaches out to him and update him
Dear Prof. Vaidyanathan - I respect your wisdom and simplicity - with the humility, I would request you to consider refraining from using boys as the common term for youngster , ex: while narrating the security in big companies you said "That boy cannot go to another floor of different client" next you said "That boy wants to buy a car and a flat at the first month of joining" while these are symbolic - these are the unconscious vocabularies make norms and contributing in cultivating social fabric
Beti --- You need to understand the elder like Prof. R.V., , his sarcasm, wisdom & raise to elders like him, difficult for him to come down to your level.......why he should refrain, when he is speaking truth !!
MANY R ENJOYING DEPENDING ON THEIR STARS. IF PLANETS R NOT SMILING TRANSFERS FROM NORTH TO ALL DIRECTIONS AND THE SAME FROM SOUTH. Then show cause notices dismissals etc.
I am always amused by Prof RVs comments and also Pgurus specials on finance. Most finance in India appears to be elementary, derivatives of the west and with a generous dosing of emotion. The fact the vast bulk of day traders lose money is known and even Forbes website has a good overview of that. You dont need a derivative study of Sebi to tell you that. And this is in a highly competitive efficient market like the west. The question though is to focus on how the Indian markets are different. For one, there is a lot more insider trading, market fixing and so on. Do these show up in public day trading data? If so, where and how? If not, why not? For example, if you know that some traders consistently overperform the market and by a lot, you can figure out something is wrong. Even compare the profit distributions and correlations to figure these out. That would be useful and since most of the people here are well versed analytical engineers, it shouldnt be hard to do. Another idea is for Pgurus to point out where such public data on trading can be found and if it has been published. Otherwise, a lot of this is stuff that is quite obvious.
Great analysis. I recently visited a big bank and saw 95 percent visitors mostly above 60 or retired, giving impression of old age home.
FD rates are very low not encouraging.inflation is going up.Middle class having a tough life.senior citizens are not benefited.
World wide story. Everywhere it's like this , inflation going up. Stop panicking, no use of that
But, 100% sure even in small banks below 5 lakhs.
Deposit rates r low cos of low demand. CD ratio is coming down.
FD rates are based on Projected yield of government bonds for 10 years. The moment FD rates are increased interest rates on loans will be increased as well as government debt. This ultimately led to the increase in capital cost of capital-oriented sectors, housing loans, and government debt which invariably pushes the government to reduce CAPEX as well as welfare expenditure since interest outgo on debt taken by the government increases. In a given system it cannot effort to increase the interest rates just for the sake of benefitting the FD Holders.
@@narasimhamvakkalankaits about options. People moving from saving bank/FD to mutual fund sip. People wanting to keep money in debt are moving to debt mutual fund, liquid fund, ultra short bond fund. Primary reason is you get paid full amount based on how long you keep and provide liquidity. FDs unfairly charge penalty and don’t pay sufficient if premature withdrawal. Saving bank account is close to misusing user by providing very low rates.
ಸ್ವಾಮಿ ಕನ್ನಡದಲ್ಲಿ ಸೇವಂತಿಗೆ ಹೂವು or in slang, ಶಾಮಂತಿಗೆ ಹೂವ್ವ. 😁
Sirs, most relevant 🔥 topic, prof RV🙏🏻 so easily explains, we learn so much. Thank u prof sir & shree sir, u have made us addicted to PGurus 😎. All ur broadcasts r superb ❤👍🏻👍🏻❤❤carry onn, 👍🏻
ಜೈ ಕರ್ನಾಟಕ ಮಾತೆ
Tks
What RV saying on Bank deposit is correct.... I broke my saving that I had substantially money as FD and moved to MFs... The returns that I earned is reasonably good... Big disadvantage of FD is that the interest rate is 7.5% and the effective returns could be 5-6% depending on the deposit amount. On the other hand, if you consider the inflation which is 7-8% and effectively you see a negative growth on your investments... The major advantage is for the bank... For FD holder, if they declare share from their profit, then there coukd be a future for this scheme...
The services provided by banker's including SBI are very poor.
No social security guaranteed in India for majority. Hence people are switching from banks to mutual funds expecting better returns than bank.
Social security should have been set up at the start of India on 1947.
Now it's a little late.
We have to save for our future expenses and retirement as no government which happily collects tax from us when we work will give anyrting back when we retire - they will continue to tax us as the expenses exceed the tax limits
And it is ironic that such a simple truth is not understood by the eminent bankers. The current tax system we have, real inflation( not the govt numbers) and cost of living are outrageous. What else can a salaried person do but to take risk. But nobody addresses it. Such a pathetic state of affairs.
Excellent session... thanks.
Glad you enjoyed it!
It is really great and interesting to hear prof RV. Such a jovial session great😊
Prof RV one' of the great gurus of pgurus 🎉
Prof RV is one of our gems. Love hearing him on your channel
RV is excellent as usual. Though controversial,this article is thought provoking.
TWO POINTS!
#1. True sir! My visits to the Banks have become very very rare!
#2. ITR filing can be damn simplified...I totally agree with RV sir....ITR SARAL form should be only 1 PAGE!! We should not be going to the Auditor for filing an ITR!
#3. The problem is that they are taxing the interest rates on savings account and FD interest also... This is atrocious. CBDT must take their hands off from taxing the interests OR atleast they should give exemptions on TAXES on Interests on deposits. 🤔🤔
---Instead Banks can charge an FD maintenance Fee or something like that.
---Then you see, Money will start pouring into Banks.🙏🙏🙏
Listening to Prof. R V. is simply marvelous
Capital Investment Joke was too good! Truly original.
Sri Ji, 'Small is beautiful' a book by E.F.Schumacher, a book i read, many years back; I was reminded of those principles, when i heard our Prof. R.V. speak❤
''TEEN MURTI'' WAS BUILT IN MEMORY OF ''HAIFA VIJAY''
Prof RV is ❤❤❤❤❤❤
Banks have a good alibi namely RBI’s directives. A typical example is KYC instructions. KYC should mean ‘know your crooks’ and not know your customers. An honest customer is harassed. Horrible problems arise when a customer dies.
Enjoyed the session sir.thanks to both of you.
R V. Sir. Most of the investors,not only youngsters are alienating deposits from banks because of better ROI from Mutual funds..
Moreover the money deposited in the banks are not utilised properly. The funds are misused , and priority is given to rich class and businessmen.average middle class is neglected.
The customer service is hopeless in public sector banks.
Excellent Presentation as always🌹🤝
The problem of mutual funds is that we only heard good performing funds .
In 5 years they go up but what happens after that ,no one tell about us
It's Saevanthige Hoovu in Kannada.
Thanks
Actually, genda phool or marigold is Banti puvu in Telugu, chendu huvu in Kannada.
Had a lot of fun listening to Prof.
Sri Iyer sir need not remind to press like button. We first press like button n then listen the podcast 😊
I would pay to hear someone like Prof. RV, hope his classes allow a 50-year-old to attend 😀
So, much I learn….thank you PGurus team for engaging him.
Thanks
@PGurus Youth interested in F&O trading vehicles is just a symptom of a few things,
- The Stock Market is the only legal gambling avenue.
- Today's youth have disposable income, which can be spent beyond keeping savings while participating in the growth of the Indian stock market.
- Youth has been disincentivized by the dinosaur technology that most Indian banks carry, and on top of it, going to the bank experience is a hassle, not a positive experience.
So, it's no surprise that this will continue !!
Short term stock trading IS legalized gambling, BUT with high taxation on it.
When banks do not even pay real inflation rate as interest on deposit, citizens are forced to look at other avenues. Govt only collects taxes and tax paying middle class get little or nothing in return but yet have to meet rising costs. Equity is the only option but not the F&O trading and real investing.
This is the start of British rule like conditions
The Marigold India's National Flower for Remembrance
Just to clarify Prof. RVs comment on IBA is not correct. It is rather that Banking Regulation Act 1949 which does not permit CASA for non-banks. RBI only implements its role as Supervisor of Banks by stipulating regulations. The role of IBA is as a self regulatory body which interfaces with RBI on common issues Bank face. Fintechs can play a role - just like Google does through GPay, but the underlying money should be controlled by Commercial Banks whether it is nationalised, private or small finance or payment Banks. Managing money - returns and liquidity is a different ball game which cannot be handled by Fintechs. In fact, the reason Indian Banks are comparatively stable is because of BR Act and the proactive role played by RBI.
Some of the dmat accounts are forcefully kept active by brokerage houses…I have three such accounts in which no transaction took place for more than a decade…! Submission for closure are not adheered to..!
Even DEMAT Holders are also to be blamed. Many of my friends opened DEMAT accounts and, after some time left it even without bothering about payment of yearly charges. Additionally, there are issues like the transfer of unclaimed dividends, illiquid stock in the accounts, etc.
This is a multi faceted problem.
Good episode Shree ji. Pls do updates on OCI status.
All those who do wrong then one can be stripped off that OCI privileges and no other things should be done...
in Kannada, its called as Sewantige
33:40 - MEA has clarified no changes in OCI laws.
If the interest is not decent enough, what's the point of deposits...banks have to evolve to the changing market forces
Very informative talk
It is called Sevanthige Hoovu
I believe banks have a purpose even today. Their potential customers are in the lower economic segment of the society
Monologue awaited
I work in a Public sector bank close to 15 year's and have to tell suicide is high among Branch manager in public sector bank and we see every month some sucide. Again u r correct that it is mainly due to non achievement of target, mainly insurance target.
But few I have to add that work load has infact increased rather than decreased after digitalization The digital product is very bad in government bank that we found manual opening of account very easy to open. Portal always get stuck and issue not being resolved.Also 1000 of portals have come and we spend time not to see customer face but to scan and upload in portal. From loan to account opening in portal is very slow and complicated. I can say many things but really bank has become bad place to work last few years. Speak to some psu bankers about it.
Senior citizens prefer banks
Online scams are so much and senior citizens are victims most of times, so I believe banks are still safer then online for innocent people.
Two states Himachal Pradesh n punjab are bankrupt n karnataka on the verge n some more to come.fearful shocking because of freebies.very 😢 sad.
The good Prof.'s students would have had/having a whale of a time in his classes.
Not ditching.They are bold enough to take risk and invest in shares,etc
A very good episode
Honesty and loyalties are societies needs. Individual prefer total freedom. Adulteration and corruption are part of individuals freedom. We felt needs of central banking system because of this principle only. Individual banks made own rules and working tactics. Cash in hand could be easily manipulated by fake notes.
Issue with banks are less user friendly. Internet is better option and convenient. Now banks are charging convenience fee for using online services. It is ridiculous.
Additional employement in Banks have become....Additional Interest on EMIs of the poor middleclass/ borrowers......The interest on the EMIs have keept on increasing in these years......Its time to have a third front ....who will really take care of the middleclass financial burden by reducing it to a considerable extent & the extremly poor section of the population....
For comment: not many people visit banks, it's not only because online banking, many banks are really slow ..including hdfc in mumbai , it is tiring to make a simple thing work there.
What u said is 100% true,they just come to bank n go, no service is given,only interested in giving home loan,car loan n gold loan.msme loan never given,no bank wants to give mudra loan.
Nothing more to say
Its FIRE - financial independence & retire early.
Very soon as we may buy shoes on EMI terms!
Job security has gone for a toss, something which old generation doesn't realise, so it makes sense to not play the long game. As no-one is confident on the job security, its a gig economy so gig is what banks get.
Simple change the Law of Nature. Also Mind ask wants more.
Both demand and supply met... Combined with Greed. One see many happenings in society, didn't least Fifty years ago. 🙏
sir you are right ,todays youth wants to become rich quick ,,so don't save, ,and try invest ,and make quick bucks ,butnot save, the only down side is their emi's will grow and they are nor insures save. sufficiently for life,job ,risks,and childrens education
Sir, forget deposits, even Gold rates compared to share value is low. An investment in SGB fetches less than that invested in shate market thru capital gains. This is evident from daily rise of Sensex from 75000 pre election to 85000 today
THIS TIME IBA ON THE ADVISE OF FM
ENGAGED ALL UNIONS INCLUDING POWERFUL AIBEA
SIGNED A WAGE AGREEMENT GIVING SOME 17&1/2% wage increase. FOR INS COMPANIES THIS WAS IMMPOSED. A 5 YEAR AGREEMENT.
Dissappointed with the quality of inputs by Prof RV. Just says close big banks. Regional banks are the way.
Started well on customer aspiration changes. Are banks a place to store money. Has it come down to be transaction banks. How payment institutions are taking away fund transfer business. So in the changed circumstances what is role of future banks. Banks need to reinvent. So how does the future bank look. . These are real issues
I do believe that the learned Professor’s points are totally valid, but they apply to perhaps only 15 or 20 percent of depositors. A majority of depositors succumb to the misleading advice of banks themselves
Government should close or merge cooperative banks which are den of corruption.
Slowly it's turning to faceless banking, since majority of payments r made thru UPI
RBI is not protecting Banks. They are bothered about monitoring deposit credit analysis as Google pay vallet or Paytm vallet etc are not under direct control and RBI would be handicapped in formulating their monetary policies and check the detoriation in the value of Indian currency or ensuring sectoral flow of credit to check price control and inflation.
Something would emerge better if regulating these wallets of Google, Paytm phonepe Amazon ola uber are also brought under RBI. My only hope is that service providers maintain the aggregate balances of their customers' wallets ina bank.
Fds r the last resort of savings.nowadays
BASED ON GLOBALISATION BANKING IT COMPANIES INS STOCKS ETC RACING AGAINST TIME.
Why youngsters, me at 70 shifted most of my savings to stock market & MFs, as a retiree the interest amount is not enough to live.
Sir🙏
Sevantige hoovu in Kannada we call for this flower
Nation very much needs a Party or a "completly 3rd Front" who can perform the following on a warfooting basis.
1. Proper complete " data card " of each & every person of the nation ...it MUST include Biometrix Blood group & DNA .Nobody should be left out ...
2. Bank Accounts to be created for each & every person of the nation...& every person should be entitled for 500 rupees a day which goes to the bank account.....The next day after midnight 12 another 500 credited ...." Auto replinishment system"
3. 10/20/30 & 40 feet " Jack up Insulated Containers with bathroom / toilet / kitchen / watertank at the top..." For the Homeless & people who prefers to live in those contrainers - NOBODY has to be seen on the streets due to lack of home.....JACK UP CONTAINER meaning it can be jackedup when there is heavy rain by use of gears...
The above 3 are NOT a difficult task...it will take only 5 to 10 years to get it streamlined....
Sir, banks are killing themselves by wearing other hats such as insurance agents, demat agents and mutual fund agents. Their own officers advise me not to waste my hard earned savings on fixed deposits yielding “uninteresting interest”. They don’t explain the risks involved. When they themselves deflect the depositors, the dwindling of depositors is only to be expected.
People want to get rich tomorrow. They foolishly chase their shadow.
Sevanthi hoovu🙏
Banking regulation hurdles on deposit and withdrawal of money in accounts.
When Haifa was liberated by the Mysore, Jodhpur and Hyderabad Lancers, there was no Israel yet and it helped the British to defeat the Ottamans who were siding with the Axis. Yet, it is Israel alone that remembers the historic battle and liberation of the port by brave cavalry soldiers who went against their british commanders and refused to back down in the face of cannons.
Money invested in stock market is going to the companies who use it in economy and they keep surplus in banks only.
Suicides by PSB Staff are very rare - these are due to unrealistic targets allotted by his/her boss who chases the employee later with insulting words in conferences. The boss himself/herself in such cases doesn't have any market perception for arriving at the target figure for the subordinate.
Work is low then, but tension and mental pressure is high - it may result in suicide later by weak-minded subordinate.
Sevanthige hoovu in kannada, Karnataka, India, so called Bharath
Sir, banks are killing themselves by wearing other hats such as insurance agents, demat agents and mutual fund agents. Their own officers advise me not to waste my hard earned savings on fixed deposits yielding “uninteresting interest”. They don’t explain the risks involved. When they themselves deflect the depositors, the dwindling of depositors is only to be expected.
What would be solution for senior citizens and people preferring n trusting government banks if they close, how would we trust local banks, many private banks also closed with scams,
18:04 Crux of the issue. Real rate of return on bank FDA is negative.
Anything that does not grow with time is not an Asset. Putiing all your money in banks is no good to you. Its good for others who use banks money and invest in business / enterprise.
REALTORS ARE CHASING THESE EMPLOYEES.
China has introduced "use n throw" concept in India
I have a huge respect for Vaidyanathan sir, But he is completely wrong on many aspect in this interview. Hope some on reaches out to him and update him
RBI Governor has an ivory tower office in the 24th or 27th floor
ಕನ್ನಡದಲ್ಲಿಯೂ ಶಾವಂತಿಗೆ ಹೂವು ಅಂತ ಕರೀತಾರೆ...in Kannada also it is called Shavantige ...Prof. RV should know, he has lived in Bangalore for decades ...😊
What to do in banks.
Everything available online
If banks are not there then where will people keep their money atleast with banks there is a place where we can keep our money...
Dear Prof. Vaidyanathan - I respect your wisdom and simplicity - with the humility, I would request you to consider refraining from using boys as the common term for youngster , ex: while narrating the security in big companies you said "That boy cannot go to another floor of different client" next you said "That boy wants to buy a car and a flat at the first month of joining" while these are symbolic - these are the unconscious vocabularies make norms and contributing in cultivating social fabric
He is correct. At his age Boy it is.
Boy cannot go another floor, due to network access control ?
Beti --- You need to understand the elder like Prof. R.V., , his sarcasm, wisdom & raise to elders like him, difficult for him to come down to your level.......why he should refrain, when he is speaking truth !!
Boys include girls:)
"Banti puvvu" in Telugu.
Chamanthi Puvvu
NATURAL SHYAVANTIGE R AVAILABLE IN PLENTY IN KARNATAKA.🎉
How can I buy two packs of the badge? Thanks.
Will be listed shortly on the site and we will share the links. Thanks for your interest.
It was a great joke about consumption expenditure vs capital expenditure
MANY R ENJOYING DEPENDING ON THEIR STARS. IF PLANETS R NOT SMILING TRANSFERS FROM NORTH TO ALL DIRECTIONS AND THE SAME FROM SOUTH.
Then show cause notices dismissals etc.
These 100,200,500 and all currencies are fake money.
RBI is also a private banker of banks. People understanding this.
Nov 11 not 10th
Banks shouuld increase fd rates to 10% or more.
I am always amused by Prof RVs comments and also Pgurus specials on finance. Most finance in India appears to be elementary, derivatives of the west and with a generous dosing of emotion. The fact the vast bulk of day traders lose money is known and even Forbes website has a good overview of that. You dont need a derivative study of Sebi to tell you that. And this is in a highly competitive efficient market like the west. The question though is to focus on how the Indian markets are different. For one, there is a lot more insider trading, market fixing and so on. Do these show up in public day trading data? If so, where and how? If not, why not? For example, if you know that some traders consistently overperform the market and by a lot, you can figure out something is wrong. Even compare the profit distributions and correlations to figure these out. That would be useful and since most of the people here are well versed analytical engineers, it shouldnt be hard to do. Another idea is for Pgurus to point out where such public data on trading can be found and if it has been published. Otherwise, a lot of this is stuff that is quite obvious.
ANY HOW GOOD NPA RECOVERIES AND CONTROLLING ADVANCES AND LOANS SO THAT THEY DO NOT ENTER NPA AREA.
Jai Hind Jai Bharat