Tuesday, August 9, 2011

Re: [www.keralites.net] കാടന്മാരോ ബാങ്കുകള്‍????

 

"The total outstanding loans of Public Sector Banks (PSBs) for education as on 31st March, 2009 stood at Rs. 27,646 crore, in 1,603,385 accounts. The increase in total loans outstanding over previous year in absolute and percentage terms was Rs. 7829 crore and 39% respectively. Year-wise break-up of education loans outstanding as on March 31, 2004 to as on March 31, 2009 is given below:"

The above statement shows the inefficiency or corruption in the Public Sector Banks.  Probably 27,000 Bank employees become crore pathys.  If you are prepared to grease those bank employees palm you will get every sort of loans and need not repay it.  There is no accountability.  For Not giving loan to Right candidate they will show all sorts of rules and regulations and finally it accrue to the debt figure.  There is no Regulatory Authority to control these Public Sector Banks.

"Hum Sub Chor Hai"- shameless.


Gangadharan Nair N


2011/8/10 Spark . <spaaark@gmail.com>
 

Other side of the coin
 
As a bank employee I have to point out some issues regarding Edu Loan.Accountability of NPA is there for bank officials.So it  is a Damocles Sword hangs over our head.Many of the officers lost 2 or 3 anual increments and punishment transfers.
I agree , there are genuine borrowers , but  when Edu Loan is without collateral security up to 4 lacs , you can't differentiate who is genuine.Any loan  without any security ,there is a chance of defaulting repay is  very high.
 
Education Loan is  now one of the major sector of NPA. In this case banks facing problem to find those people who had taken professional loan but not repaid after getting employment these account holder declares as defaulter.  3

As per annual report of Government of India for the year 2009-10 in education account total 1715016 account having amount of Rs. 32366.61 crore declares as outstanding as on 30th September 2009.

 

The total outstanding loans of Public Sector Banks (PSBs) for education as on 31st March, 2009 stood at Rs. 27646 crore, in 1603385 accounts. The increase in total loans outstanding over previous year in absolute and percentage terms was Rs. 7829 crore and 39% respectively. Year-wise break-up of education loans outstanding as on March 31, 2004 to as on March 31, 2009 is given below:

 

 

As on

March

31st

No. of

Accounts

 

Amt.

outstanding

(Rs.Crore)

 

Year on Year

Growth (%)

 

 

 

 

No. of

Accounts

Amount

 

2004

319337

4550

 

 

2005  

 

468207

6713

46.62

47.54

2006

679945

10012

45.22

49.14

2007

944397

14283

38.89

42.65

2008

1246870

19817

32.03

38.75

2009

1603385

27646

28.59

39.51

As on 30th Sept.

2009#

1715016

32367

6.96*

17.08*

 

 

Source: IBA. # Figures are provisional. * Growth over

March 2009.

 

You can analyze the year wise education loan outstanding increases  and NPA  also.

 

Read related issues here:-


http://www.thehindubusinessline.com/industry-and-economy/banking/article2115899.ece?homepage=true

 

http://articles.economictimes.indiatimes.com/2011-08-05/news/29855102_1_education-loans-student-loans-tenure


http://www.bankbazaar.com/guide/banks-worried-about-increasing-defaults-in-education-loans/22683/

 

 

http://www.rupeetimes.com/news/education_loans/increasing_defaults_in_edu_loans_worry_banks_4097.html

 
 
Many of the borrowers expecting there is a chance of waiving the whole amount by govt(remember Agriwaiver 2008) when they are coming to the bank for the loan first time itself .Banks are lending money by accepting  it mainly  from the public, not from govt.So how can the bank survive? And the employees? How to repay the money to depositors when the repayment are not there .There may be some instances  where  denial  of loan for eligible  candidates.But it doesn't mean whole bank employees are corrupt and worse.
 
Regards
Spark
 
2011/8/10 bibin mathew george <msg2bibin@gmail.com>


Dear Pradeep,
 
You are absolutely right.I am an engineer working in an international company currently located in K..S.A .When I approached these banks for education loan(to study engineering) in 2004 ,they mock at me especially bank S.B.T ,govt already announced at that time that for education loans no guarantee is required .I approached other banks also (S.B.I ,CENTRAL BANK ,FEDERAL BANK) at last federal bank & central bank come forward to help me by providing a loan to my father after he surrender the documents of our land in the bank(we choose central bank because of comparatively low interest).I successfully completed my studies by GOD'S GRACE ,and cleared all the debts with the bank.Now I don't want to open my N.R.I account with those banks those who are not willing to help me in my difficult times and any of family members also don't want to approach these govt banks for business we would like to do our banking with federal bank and central bank in future.I know nothing will happened for those banks with my decision but like me many people are there in the society may in our group also ,I urged you people don't banking with banks those who are not willing to help you when you are needy.Any of the banking people read this keep one thing in your mind through EDUCATION LOANS you are doing business for the future , and through those people you are building relationship with their friends and all dear and near ones.These testimony's will help you more than your advertisement in medias .

Thanks & Regards

Bibin Mathew George
Technical Specialist
Moody International Ltd
Office No.213,Olaya Center
P.O Box2526,Al-Khobar 31952
Kingdom Of Saudi Arabia.
Mobile:+966(0)569022094


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ഇതൊരു ഒറ്റപെട്ട സംഭവമല്ല, വിദ്യാഭ്യാസ വായ്പ നിക്ഷേദിച്ചു ഒത്തിരി വിദ്യാര്‍ത്ഥികളെ കൊന്നൊടുക്കിയ അനേകം ബാങ്കുകള്‍ നമുക്കുണ്ട്, ബാങ്കിന്റെ നിയമങ്ങള്‍ പവപെട്ടവര്‍ക്ക് മാത്രമാണെന്ന് പല തവണ അവര്‍ തെളിയിച്ചുകഴിഞ്ഞു , സമൂഹത്തിന്റെ ഉന്നതങ്ങളില്‍ ഉള്ളവര്‍ക്ക് നിയമവിരുദ്ദമായി ലക്ഷങ്ങളും കൊടികളും അനുവദിക്കുന്ന ഈ കാടന്മാര്‍ സമൂഹത്തിന്റെ താഴെ തട്ടില്‍ നിന്നും സാമ്പത്തിക സഹായത്തിനു വാതിലില്‍ മുട്ടുമ്പോള്‍ അവരെ ഇല്ലാത്ത നിയമത്തിന്റെ പേര് പറഞ്ഞും കളിപ്പിച്ചും മരണമുഖതെത്തിക്കുന്നു. അഴിമതിയിലൂടെ ബാങ്ക് ഉദ്യോഗസ്ഥര്‍ തന്നെ ലക്ഷങ്ങള്‍ കബളിപ്പിച്ച കഥകള്‍ ഇന്ന് നമ്മുടെ കേരളത്തില്‍ തന്നെ ഒത്തിരിയുണ്ട് , അപ്പോഴും 25000 രൂപ പോലും വായ്പ അനുവദിക്കാതെ നിയമത്തിന്റെ കുരുക്ക് പറഞ്ഞു അവര്‍ പാവപെട്ടവനെ വട്ടം കറക്കും , ഇനി നമ്മുടെ സമൂഹം ഇതിനെതിരെയും പരതികരിക്കാന്‍ തുടങ്ങണം, സക്തമായി, മാതൃകാപരമായി.....

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      " Vande Matharam "
     ng.puthoor@gmail.com
       Gangadharan Nair N.


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