General

IF GOVT OF INDIA DECIDES TO MERGE 12 BANKS INTO 2 OR 3 BANKS THEN WHY POST OFFICES OF ENTIRE INDIA MAY BE MERGED WITH ALL THE 12 BANKS OF INDIA SINCE THE YEAR 1947 ALL POST OFFICES IN INDIA ARE WORKING WITH LESS STAFF AND THE WORK LOAD IS TOO MUCH BUT THE POSTAL EMPLOYEES ARE WORKING VERY VERY HARD IN THEIR 8 HOURS DUTIES,IF YOU ENQUIRE IN DETAILS SO FAR NO POSTAL SCAM HAD TAKEN PLACE ANYWHERE IN INDIA,SO I FEEL ALL POST OFFICES OF INDIA MAY BE MERGED WITH BIG BANKS FOR ITS RELIABILITY AND PROVEN CLEAN TRACK RECORDS SINCE LAST 6 TO 7 DECADES OF THEIR ESTABLISHMENT,GOVERNMENT CAN MERGE CO OPERATIVE PRIVATE BANKS BUT WHY ALL INDIAN POST OFFICES BANKS ARE NOT MERGED WITH ALL THE 12 BANKS AFTER ALL OF THEM ARE CENTRAL GOVERNMENT EMPLOYEES AND GETTING PENSIONS ON RETIREMENTS,AND LASTLY I AM NOT SURE IF LIFE INSURANCE CORPORATION CAN ALSO BE CONVERTED INTO A GOVERNMENT NATIONALISED BANK BUT I AM NOT SURE IF FINANCE MINISTRY CAN THINK OF MERGING POST OFFICES AND LIFE INSURANCE CORPORATION INTO BIG BANK MERGERS WITH ALL THE 12 NATIONALISED BANKS FOR MORE EFFICIENCY AND FAST PROGRESS OF OUR COUNTRY INDIA, LOANS MAY BE GIVEN ONLY TO THAT EXTENT IF CO LATEREL SECURITY IS KEPT BY THE LOAN TAKERS ONLY IF PROPERTY ,JEWELLERY OR OTHER ESTATE OOOR PROPERTY DOCUMENTS ARE MORTGAGED AS COLATERAL SECURITIES WITH THE BANKS AND IN ANY CASE OF DEFAULTS IN PAYING OF THE EMI BY THE LOAN BORROWER TO THE BANKS THE GUARANTORS WILL ALSO BE LIABLE FOR LEGAL ACTIONS AND THEIR PROPERTIES WILL BE CONFISCATED BY BANKS FOR FULL RECOVERIES OF EMI DUE WITH ACCRUED INTERESTS SO THAT BANKS ARE ON THE SAFER SIDE TO MAKE RECOVERIES FROM THE GUARANTORS PROPERTIES IN CASE OF DEFAULTS IN EMI PAYMENTS IF BOTH OF THE GUARANTORS ABSCOND THEIR DEPENDENDS WILL PAY THE EMI AS THEY ARE TERMED AS SECURITIES AND GUARANTORS FOR FULL RECOVERY OF MONEY IN CASE OF DEATH OR ABSCONDING BY THE LOAN BORROWER TO OTHER COUNTRY DELIBERATELY TO ESCAPE FROM LEGAL FORMALITIES