I think RBI should keep a close eye on the NPA Assets. This is really critical in today's world. If we look at US, the home loans are being written off having a major impact on the US market. RBI should be vigilant about the same before its too late. - Shivanand Nerurkar
RE:RBI's Policy on NPA Assets
by Rahul on May 01, 2008 11:51 AM Permalink
My view is that THERE should be roll back of NPA. This will mitigate the financial burden on the government and likewise the proper realisation of productive assets is a concern.
i have always wondered why do people go to icici for banking, vodafone (yep, that telecom service provider with the most wretched connectivity) for their telephony, max ny,baj alli, icici(again)prud etc for their insurance so on and so forth...when everybody knows that these r the biggest pocket-maars in the country and literally fleece their customers and when there r options available in the form of state-run enterprises. plz tell me why is losing ur money to icici so irresistible ???????????????
Some paid servants are sitting on message board to write everything is good here. Their life is good. Everything other than is bleak. They should recognize that their leaders leave national shame in the name of development.
RE:Some paid servants are sitting on message board to write everything is good here. Their life is good. Everything other than is bleak. They should recognize that their leaders leave national shame in the name of development.
by amit joshi on Apr 29, 2008 10:25 AM Permalink
reading ur post is like torturing oneself, spamming blabberer!
RE:My store has been stolen by a inflation thief. MMS and Chidu will bring common people to beg and suicide. what a development!!
by Milind on Apr 29, 2008 10:07 AM Permalink
Any business even if he make tons of profit will always cry for money and govt policies.
Today every Business people are making huge profits.....its only the salaried prople who are feeling the heat
RE:My store has been stolen by a inflation thief.
by Sahadevan KK on Apr 29, 2008 09:55 AM Permalink
My store has been stolen by a inflation thief. Manmohan and Chidambaram will bring common people to beg and suicide. what a development!!
RE:middle class will be on roads
by pavan kumar on Apr 29, 2008 09:58 AM Permalink
What is the use of thinking about inflation after doing the enough damage. Allowed the most important need of housing cost to sky-rocket with less interest rates and tax exemptions. This lead to steep hike in the RENT. Most of these retailers live in rented houses. How do they make up money. Increase the prices on the retail goods...... These rates will prevail from now onwards. Only thing that can be checked by CRR hike is further damage and furtjher raise in the money..... Both young senseless high earning IT people who threw money to housing just for the heck of it are to be blamed. Always remember to pay to it's worth not to the market value... Lets sit and pray to God that your 50K salary will give you only decent accomdation and good food ....
Before hiking any rates Reddy should look at what has happened to america now. 1) 3-4 years ago FED went increasing all interest rates, and now they find that they are in the middle of recession. It seems we will be follwoing same cycle, if reddy dosent stop. 2) Home Borrowers are smart now. Whole economy is in their hands now. They know what would happen if they dont pay. Banks would be bankrupt. One day government will announce package for these borrowers to get the votes like what was given to farmers. 3) All Reddys decisions are based on rediculous wholesale price index. Experts are doubting the formulation of WPI 4) I really dont get how it is impacting by increasing our loan rates. Where our money is going. Banks are increasing money because RBI needs it. Then what RBI is doing with our money. 5) Future is very tough. Last year we have seen lot of chane in envirnment. Heavy rains, Heavy Cold and now heavy summer. As we know Congress has little to increase fodd production. In coming years definitely we will fall short of foods. Which will lead to hign inflation again and rate increase again. 6) Start saving now. We have to change our lifestyle. Buy only what you need and how much u need. Before buying just think once do u need it neccessarily.
RE:Reddy should look at what has happened to america now
by selvaraj selvaraj subramanian on Apr 29, 2008 10:40 AM Permalink
perfectly said dude. u r damn correct.gud views
RE:Reddy should look at what has happened to america now
by basavaraj tatawati on Apr 29, 2008 09:14 AM Permalink
U r fuly right in this matter.Govt should devise polilcies on long term basis and not to get panicky on some inflated data
RE:Reddy should look at what has happened to america now
by jagdeep on Apr 29, 2008 09:37 AM Permalink
indian people r very fatu and unlike amerrica they will pay up . or recovery agent will make them sell their houses to pay up
