Continues
from previous post –
We
know general profit margins are of the order of 15% to 30% on most
items. This assures the bank a handsome earning. When this can be
achieved, the bank can afford-ably offer 12% interest on its term and
fix deposits to small depositors like me.
Sir,
to conclude I say you are under duress because of present bank
position. Recently, I read that big businesses are trying to help RBI
in these matters. However, I can say with confidence that this
situation would not arise had banks accepted the suggestion I have
visualized. After thorough study of this suggestion with my bank
officer friends, I am writing this letter with many hopes. Please,
give my suggestion attention that it merits and salvage our banks
from present predicament. Hope to get your reply, God Bless.
Yours
truly,
Ashok
S. Kothare
From next post experiments in banking reforms will be discussed.
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