General

SINCE LAST 70 YEARS OR SO GOVERNMNENT CONTROLLED AND NATIONALISED BANKS HAD GIVEN LOANS WORTH CRORES AND CRORES OF RUPEES TO INDIAN INDUSTRIALISTS WHO INVEST OUR HARD EARNED PUBLIC MONEY IN SHARES MARKETS GAMBLINGS,IF THE PRICES OF SHARES MARKET FALLS THEY ARE UNABLE TO PAY BACK THE UNSECURED LOANS TAKEN FROM BANKS IN SUCH CASES THEY EITHER ABSCOND FROM INDIA TO ANY FOREIGN COUNTRY JUST LIKE VIJAY MALLYA,MEHUL CHOKSHI AND OTHER BIG INDIAN INDUSTRIALISTS,FIRST OF ALL I ASK WHY THE LOANS WERE GRANTED AND SANCTIONED BY THE COMPETENT AUTHORITIES WITHOUT KEEPING ANY CO LATERAL OR TANGEBLE SECURITIES NOW FROM THE INDUSTRIALISTS,JUST FOR EXAMPLE IF A POOR PERSON WANTS LOAN OF ONLY 5 LAKHS FROM THE BANK THE BANK BRANCH MANAGER ASKS HIM TO KEEP ANY COLATERAL OR TANGEBLE SECURITIES SO WHY THE BANK BRANCH MANAGER GAVE OUR HARD EARNED MONEY WITHOUT KEEPING ANY COLATERAL SECURITIES WITH THE BANKS TO WELL REPUTED BIG INDUSTRIALISTS KNOWN TO HIM,SEE INDIAN POSTS OFFICES ARE IN A MUCH MUCH BETTER POSITION THAN NATIONALISED BANKS I HAVE FULL KNOWLEDGE THAT NOT A SINGLE FRAUD HAD TAKEN PLACE IN POSTAL SAVINGS BANKS ACCOUNTS SINCE THE LAST 75 YEARS IN ANY POST OFFICES OF INDIA SO I AM GIVING YOU A HUMBLE ADVICE KEEP YOUR HARD EARNED MONEY SAFE ONLY IN INDIAN POSTS OFFICES SAVINGS ACCOUNTS ONLY BECAUSE IT IS A CENT PER CENT CENTRAL GOVERNMENT ORGANISATION AND ALL ITS EMPLOYEES ARE PERMANENT CENTRAL GOVERNMENT EMPLOYEES