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 GAMBLING,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 COLATERAL OR TANGIBLE SECURITIES 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 TANGIBLE 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 HENCE I FEEL YOUR MONEY IS 10,000 PERCENT SAFE IN ANY POST OFFICES OF INDIA LASTLY I AM GIVING YOU MY HUMBLE ADVICE PLEASE KEEP YOUR HARD EARNED MONEY SAFE AND SECURED ONLY IN INDIAN POSTS OFFICES SAVINGS ACCOUNTS ONLY AS IT IS A CENT PER CENT CENTRAL GOVERNMENTS ORGANISATION AND ALL ITS EMPLOYEES ARE PERMANENT CENTRAL GOVERNMENT EMPLOYEES WHO GET LIFE LONG PENSION FROM CENTRAL GOVERNMENT,EVEN THE POSTAL LIFE INSURANCE IS BETTER THAN OTHER LIFE INSURANCES AVAILABLE IN THE MARKETS
Writeups by Amarjit Singh Kahai 