Continues
from previous post –
Recently
I have sent a letter to our honorable governor of Reserve Bank of
India, Mr. Urjeet Patel. In that, I have suggested my idea about how
we can save our banks from such predicaments. Below given is my
original letter, first we shall read it and them I shall explain
other details about my recommendation.
To,
Mr. Urjit Patel, Governor,
Reserve
Bank of India,
Reserve
Bank of India, Head Office building,
Fort
Mumbai 100001
April
2, 2018
Honorable
Sir,
Subject:
suggestion to save Banks
from possible debacle
I
am a senior citizen (76) depend on interests on my meager investments
in FDs in my banks. You are aware that, due to cutthroat reduction in
bank interest rates, on all FD A/c, it has become very difficult to
end's meet, for retired persons like me. Therefore, I began to think
on the problem of bank's survival. We know demonetization has put
additional pressure on banks since they have to pay interests to all
the money deposited with them. To reduce that pressure government cut
interest rates, it is a fight for bank's survival and on other side
fight for survival of citizens. There is no point in complaining
about what has been done and so I began to study ways and means by
which we shall resolve this issue so that both banks as well as
depositors can survive without any new problem developing.
Sir,
in this connection I want to ask your honorable self, one very
pertinent question. This question if you can answer positively, we
have the solution for this national problem. My question is, if
private business can open a bank to garner funds for their
businesses, why a bank cannot open business of its own to invest
their funds. If your answer
is YES, a bank can open a business to invest its funds appropriately
so that the money will grow right under bank's supervision. Then Sir,
our problem of Banks not earning enough to pay good interest will be
resolved feasibly.
Continues
in the next post –
You may contact
me on my Email ID given below,
You are invited to
visit my other blogs
Ashok
Kothare,
http://ashokkotharesblog.blogspot.com/
for stories
I
reckon,
http://kotharesviews.blogspot.com/
for philosophy
You
may visit blog, Ideas
and tips on any subject,
http://kotharay.blogspot.in/
for intelligent discussions.
My
Marathi Blog, http://kothare-marathi.blogspot.in/
मला
असे वाटते
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