World
Feds Sue Corinthian Colleges over Deceptive Advertising

The lawsuit seeks to recoup more than $500 million in relief for student borrowers who were coaxed into taking education loan

 

A US federal lawsuit filed against Corinthian Colleges alleges that the for-profit education company used deceptive advertising to lure tens of thousands of students into taking out private loans, and seeks to recoup more than $500 million in relief for those borrowers.


“For too many students, Corinthian has turned the American dream of higher education into an ongoing nightmare of debt and despair,” said Richard Corday, director of the Consumer Financial Protection Bureau, which brought the complaint.


The lawsuit claims that Corinthian coaxed students — many from low-income families — into taking out loans for costly tuition expenses by falsely advertising job placement rates and career services that it couldn’t deliver. The company then engaged in a debt collection scheme that forced students to pay back those loans while still in school, the lawsuit alleges.


Last fall, California’s attorney general filed a similar lawsuit against the California-based company, which enrolls about 75,000 students nationwide under the names Everest, Heald, and WyoTech Colleges.


Before enrolling in a for-profit college, check out this government investigation.

Courtesy: TruthInAdvertising.org

User

A New Way Insurers are Shifting Costs to the Sick

By charging higher prices for generic drugs that treat certain illness, health insurers may be violating the spirit of the Affordable Care Act, which bans discrimination against those with pre-existing conditions

 

This story was co-published with The New York Times' The Upshot.


Health insurance companies are no longer allowed to turn away patients because of their pre-existing conditions or charge them more because of those conditions. But some health policy experts say insurers may be doing so in a more subtle way: by forcing people with a variety of illnesses — including Parkinson's disease, diabetes and epilepsy — to pay more for their drugs.


Insurers have long tried to steer their members away from more expensive brand name drugs, labeling them as "non-preferred" and charging higher co-payments. But according to an editorial published Wednesday in the American Journal of Managed Care, several prominent health plans have taken it a step further, applying that same concept even to generic drugs.


The Affordable Care Act bans insurance companies from discriminating against patients with health problems, but that hasn't stopped them from seeking new and creative ways to shift costs to consumers. In the process, the plans effectively may be rendering a variety of ailments "non-preferred," according to the editorial.


"It is sometimes argued that patients should have 'skin in the game' to motivate them to become more prudent consumers," the editorial says. "One must ask, however, what sort of consumer behavior is encouraged when all generic medicines for particular diseases are 'non-preferred' and subject to higher co-pays."


I recently wrote about the confusion I faced with my infant son's generic asthma and allergy medication, which switched cost tiers from one month to the next. Until then, I hadn't known that my plan charged two different prices for generic drugs. If your health insurer does not use such a structure, odds are that it will before long.


The editorial comes several months after two advocacy groups filed a complaint with the Office of Civil Rights of the United States Department of Health and Human Services claiming that several Florida health plans sold in the Affordable Care Act marketplace discriminated against H.I.V. patients by charging them more for drugs.


Specifically, the complaint contended that the plans placed all of their H.I.V.

 

medications, including generics, in their highest of five cost tiers, meaning that patients had to pay 40 percent of the cost after paying a deductible. The complaint is pending.


"It seems that the plans are trying to find this wiggle room to design their benefits to prevent people who have high health needs from enrolling," said Wayne Turner, a staff lawyer at the National Health Law Program, which filed the complaint alongside the AIDS Institute of Tampa, Fla.


Turner said he feared a "race to the bottom," in which plans don't want to be seen as the most attractive for sick patients. "Plans do not want that reputation."


In July, more than 300 patient groups, covering a range of diseases, wrote to Sylvia Mathews Burwell, the secretary of health and human services, saying they were worried that health plans were trying to skirt the spirit of the law, including how they handled co-pays for drugs.


Generics, which come to the market after a name-brand drug loses its patent protection, used to have one low price in many insurance plans, typically $5 or $10. But as their prices have increased, sometimes sharply, many insurers have split the drugs into two cost groupings, as they have long done with name-brand drugs. "Non-preferred" generic drugs have higher co-pays, though they are still cheaper than brand-name drugs.
With brand names, there's usually at least one preferred option in each disease category.

 

Not so for generics, the authors of the editorial found.


One of the authors, Gerry Oster, a vice president at the consulting firm Policy Analysis, said he stumbled upon the issue much as I did. He went to his pharmacy to pick up a medication he had been taking for a couple of years. The prior month it cost him $5, but this time it was $20.


As he looked into it, he came to the conclusion that this phenomenon was unknown even to health policy experts. "It's completely stealth," he said.


In some cases, the difference in price between a preferred and non-preferred generic drug is a few dollars per prescription. In others, the difference in co-pay is $10, $15 or more.


Even small differences in price can make a difference, though, the authors said. Previous research has found that consumers are less likely to take drugs that cost more out of pocket. "There's very strong evidence for quite some time that even a $1 difference in out-of-pocket expenditures changes Americans' behavior" regarding their use of medical services, said the other co-author, Dr. A. Mark Fendrick, a physician and director of the University of Michigan Center for Value-Based Insurance Design.


Fendrick said the strategy also ran counter to efforts by insurance companies to tie physicians' pay to their patients' outcomes. "I am benchmarked on what my diabetic patients' blood sugar control is," he said. "I am benchmarked on whether my patients' hypertension or angina" is under control, he said. Charging more for generic drugs to treat these conditions "flies directly in the face of a national movement to move from volume to value."


If there are no cheaper drugs offered, patients might just skip taking their pills, Fendrick said.


The authors reviewed the drug lists, called formularies, of six prescription drugs plans: Harvard Pilgrim Health Care in Massachusetts; Blue Cross Blue Shield of Michigan; Blue Cross and Blue Shield of Illinois; Geisinger Health Plan in Pennsylvania; Aetna; and Premera Blue Cross Blue Shield of Alaska. They wanted to see how each plan handled expert-recommended generic drugs for 10 conditions.


The conditions are not all high cost like H.I.V. and Parkinson's. They also include migraine headaches, community acquired pneumonia and high blood pressure.


Premera and Aetna had preferred generic drugs for each of the 10 conditions the authors examined. Harvard Pilgrim, a nonprofit often considered among the nation's best, did not have a lower-cost generic in any of the 10 categories.


Four of the six plans had no preferred generic antiretroviral medication for patients with H.I.V.


In a statement to ProPublica, Harvard Pilgrim said it charges more for some generics because they are more expensive. The cheapest generics carry a $5 co-payment for a 30-day supply. More expensive generics range from $10 to $25, or 20 percent of the cost for a 30-day supply. The health plan said its members pay less for their medications than the industry average.


Blue Cross and Blue Shield of Illinois said that its preferred generics had no co-payment at all, and that non-preferred generics cost $10. "We historically only had one tier of generic drugs at a $10 co-pay," the spokeswoman Mary Ann Schultz said in an email.


The Blue Cross Blue Shield of Michigan spokeswoman Helen Stojic said the editorial looked only at its drug plan for Medicare patients, which the government closely regulates. Under Medicare, patients can appeal a drug's tier and seek to pay a lower co-payment, she said.


Geisinger did not respond to questions.


Health plans that participate in Medicare's prescription drug program, known as Part D, have been moving rapidly to create two tiers of generic drugs. This year, about three-quarters of plans had them, according to an article co-written by Jack Hoadley, a health policy analyst at Georgetown University's Health Policy Institute. The practical effect of such arrangements probably varies based on the difference in cost, he said.


Dan Mendelson, chief executive of Avalere Health, a consulting firm, has studied the way in which health insurers structure their benefits. He said the increasing number of drug tiers in some plans was confusing for patients.


"Consumers often don't understand which drugs are where," he said. "They don't understand the purpose of tiering. They just get to the pharmacy counter and it gets done to them."

Courtesy: ProPublica.org

User

Headless & directionless Govt. Banks: No priority for Modi Sarkar?

At least five banks are headless, the FM has little time to spare for the banking industry, but the finance ministry is only focussed on the PM’s pet project JanDhan Yojana

 

The entire banking industry, led by the finance secretary, is so focussed on enrolling people into the JanDhan Yojana that there is no time for appointments to several top nationalised banks, say agitated senior bankers.  While as many as four nationalised banks remain headless and two more will join their numbers, all we have is talk of more accountability and better appraisal from the Reserve Bank of India.

 

At a seminar earlier this week, RBI Governor Raghuram Rajan said that there will be stricter evaluation of the role of senior bankers before appointing them to the post of chairman and managing (CMD) after Syndicate Bank chairman S K Jain was arrested for corruption. 

 

A committee headed by the RBI governor, which includes finance ministry bureaucrats, has been set up to select candidates. But senior bankers complain that that there is no hurry at any level to act even though non-performing assets (NPAs) are sky-high and there is a need for dynamic leadership and tough action at each of the many government banks.

 

Now consider this.  If the arrest of the Syndicate Bank chairman was a trigger for better selection, why is the post of CMD at United Bank of India (UBI) lying vacant, even after Mrs Archana Bhargava's extremely controversial exit in February, which is seven months ago.  That she was allowed to leave without any action against her only hints at dubious appointment considerations.  Bank of Baroda (BOB) is headless after Mr S S Mundra moved to the RBI. Syndicate Bank remains headless at a time when it needs a clean and dynamic chairman. Indian Overseas Bank has no chairman either.

 

At the end of September, R K Dubey of Canara Bank and S L Bansal of Oriental Bank of Commerce will also complete their terms while the Punjab National Bank (PNB) chairman completes his term on 31st October and the Vijaya Bank chairman’s post falls vacant a little later.

 

While the top posts are vacant, things are no better at the Executive Director (EDs) level.

 

At least four or five positions are already vacant and every one of the current crop of EDs across all 20 nationalised banks are full engaged in doing only one thing – lobbying for the post of CMD by meeting every politician or politically-connected person who they think will carry clout with this government. And those a level below are lobbying hectically to become EDs or to get transfers to better banks. It is such lobbying that ends in quid-pro-quo deals, later leading to bad loans.

 

A senior banker says that the JanDhan Yojana is seen as the fastest way to attract the attention of the Finance Secretary and hopefully the Prime Minister (PM) and Finance Minister (FM). So the entire industry is focussed on furious enrolments rather than sensible deployment of funds or effective recovery of bad loans.

 

It is well known that industry houses have always lobbied for appointments to banks and regulatory bodies in exchange for big favours in the form of fresh loans or write offs. This has been going on for at least three decades. Nothing much seems to have changed. 

 

A disgusted senior banker says, “this government has no time for appointments or banking reforms or for implementing the P J Nayak committee report on making the appointment process more transparent. The only focus of government JanDhan”. All bankers have been told that they will not be permitted to go on foreign tours until JanDhan targets are met. 

 

Even proposals to raise capital are in a suspended animation. Finance Minister Arun Jaitley is already overburdened with three major ministries (finance, defence and corporate affairs) and has also been out of action when he underwent a bariatric surgery.

 

Meanwhile, the RBI officials are more concerned with the internal re-organisation and lateral appointments (hugely resented by all senior central bankers at the RBI) to worry about vacancies at nationalised banks.

 

Bankers also say that despite Mr Narendra Modi’s promise of being a chowkidar of public funds, it is business as usual when it comes to shady practices. Interestingly, this paralysis in RBI’s and MoF’s decision-making does not seem to affect private banks. The government has acted swiftly to allow private bank CEOs to continue in office until the age of 70, almost as a birthday gift to for two powerful CEOs who are soon to hit the previous limit of 65.

 

So what will it take for the new government to give focussed attention to the finance ministry? Another big scandal?

User

COMMENTS

Liladhar Sonkusare

2 years ago

Very rightly pointed out regarding appointment of CMD for lying out vacant posts in PSU banks. For last 3 decades it has been happening. Pl give priority to appoint CMD in which posts are lying vacant otherwise there are chances of great scam

Liladhar Sonkusare

2 years ago

Very rightly pointed out regarding appointment of CMD for lying out vacant posts in PSU banks. For last 3 decades it has been happening. Pl give priority to appoint CMD in which posts are lying vacant otherwise there are chances of great scam

Liladhar Sonkusare

2 years ago

Very rightly pointed out regarding appointment of CMD for lying out vacant posts in PSU banks. For last 3 decades it has been happening. Pl give priority to appoint CMD in which posts are lying vacant otherwise there are chances of great scam

Raju Mansinghka

2 years ago

ALL CONCERNS .,

DOES OUR BANKS{PSU} HAVE E.D. OR C.M.D. WITH HEAD ??

IN MY CASE UNITED BANK , MADE R.B.I.{AFI} INSPECTION TO REPORT IN SEPT 2008 ., WRONG -BASELESS O/STANDING AMOUNT + WRONG & BASELESS USE OF TERM LOPAN + WRONG DEBITS ETC ., YET IT ALLOWED R.B.I. TO MENTION UNIT N.P.A. ON 31-12-2005 ., WHILE BANK SANCTIONED ENHANCEMENT OF TERM LOAN BY 12 CRORES ON 7.4.2007 AND DISBURSED LOAN TILL MARCH 2008 AND MADE NABARD TO JOIN-IN TERM LOAN EFFECTIVE JULY 2007 ., STILL RBI OPINION ''N.P.A. ON 31.12.2005''

UBI IS HANDLING THE MATTER IN DRT/SARFEASI WITH FULL CRIMINAL APPROACH I.E. SHOW PHOTOS OF SHED OF 2 FLOOR AS VALUED MENTIONING GROUND FLOOR OR 80' FT HT SHED AS METAL SCRAP., THUS NOW AT LAST RBI OFFICER SUGGEST THAT TO MAKE R.B.I. A PARTY IN COURT.

THUS FOR SURE OUR BANKING HAS HEADLESS BRAINS AT HELM OF P.S.U. BANKS

RAJU MANSINGHKA
KOLKATA
[email protected]
033 22360360

REPLY

Dayananda Kamath k

In Reply to Raju Mansinghka 2 years ago

one of the nationalised bank was adjusting staff housing loan installments after considerable delay where loan and salary drawing branch are different even when there is provision for value dating. and were calculating compound interest instead of simple interest as their programming was faulty. when as internal auditor i pointed out these things they did not respond then in an agm of shareholders as a shareholder i raised objection about authenticity of profits shown as excess interest is charged and are refunding only to those who raise a claim. and they received laks of rs. in refund. this question was sent 6 days in advance of agm. and cmd who is now holding charge of IT subsidiary of rbi says that if it is late adjusted he is getting interest in sb a/c but actually installment is directly debited form salary. and basis of calculation of interest for sb and home loan is different and interest rate also differs. this is one more proof for your statement. and even institute of chartered accountants of india and ministry of corporate affairs, rbi, finance ministry are mum even after bringing it to their notice. this is one more form of corruption and kachra that is to be cleaned under swatch bharat campaign.

PRAKASH D N

2 years ago

While the top posts in the PSBs need to be filled on a top priority, there is an urgent need to overhaul the process of appointment by bringing in transparency. The Government should ensure that the candidates selected should have at least a minimum of 3 to 5 years of remaining service. The process shall be conducted by an independent agency and the rank list of candidates selected shall be published at the website of the Ministry/RBI and the appointment shall be according to the rank list.

Government should also change the existing practice of exporting candidates from one Bank to another which has resulted in cultural contamination. Instead it
should promote people from within as being done in SBI.

But the unfilled vacancies indicates that nothing has
changed in the bureaucracy
after the new Govt. came to
power and it is business as
usual.

Hope the PM will show
his resolve to bring
transparency.

Dhoot Usha

2 years ago

What Mr. Rajan speaks is true on paper but not in practice. Earlier he talked lots about transparency but there is no transparency in RBI itself. Now he is talking about stricter evaluation for senior Bankers. Whether his own house is in order? Whether officers occupying higher post are evaluated strictly? For Example:

When I lodged a complaint to Mr. Rajan , the Governor of RBI, against one of the officials for handling my complaint in a shoddy manner, I was surprised that instead of investigating my charges, the complaint was forwarded to the same accused officer to handle the same and reply me. I had expected that being an honest Governor, he will issue orders for investigation and also necessary action. But , in vain. Being the head of an Apex Bank rules are made for others.

Dayananda Kamath k

2 years ago

May be they think these banks can be managed well without these corrupt cmd and ed. it saves a lot of money on their salary and perks. it may be better for the banking industry not to have cmd and ed for next 5 years so that all those who have been promoted for their proximacy to the powers than their competence will become in eligible to be appointed. or may initiate actions against them first and then may consider posting the eligible. so that the system can be cleaned. because there are at least 3 to 4 layers of incompetent in banking industry who will automatically become eligible and will continue the rott.

REPLY

Raju Mansinghka

In Reply to Dayananda Kamath k 2 years ago

When rate for ed/ cmd go upto 20 cr ut is but obvious that in 2-3 years they need make double thus no time with them even for felenious crime or crminal blunders

MG Warrier

In Reply to Dayananda Kamath k 2 years ago

Dear Kamath
Such laments may give some temporary relief from the frustrated feeling the writer and the reader get looking at the mismanagement of institutions. My guess is that the HR management is not much superior in the private sector organizations too, though some exceptions are there(Just for a diversion, please read the story “How many Bank VPs to Change a Bulb? 1000s” published in Economic Times on September 23, 2014). Such exceptions are there among public sector organizations also. In Indian situation, destroying public sector the way in which it(the destruction) is being managed by vested interests has long term negative impacts. The one and only option is to revamp public sector. The debate should be taken forward by suggesting how best this can be done.

Dayananda Kamath k

In Reply to MG Warrier 2 years ago

Dear Warrier sir,
some 10 years ago i brought to the notice of the then rbi governor, how an internal auditor is being hounded and harassed for bringing out the irregularities in a nationalized bank. and after 5 years of my report rbi issued a circular that the transactions done as reported by me by banks is violation of fema, import export policy. but to me they replied that rbi as a policy will not interfere in internal matters of the bank. and today after 14 years rbi penal is taking about hr in banks. and surprisingly all those involved have been made cmds of bigger nationalized banks, in spite of bringing their involvement to cvc, rbi, and pmo. it is not the frustration it is the fact.

Mahesh S Bhatt

2 years ago

Modi has internal camps where Yashwant Sinha is left out.

He is supporting Aadhar(Nandan Nilekani project-who lost to Ananth Kumar ( who is also not in reckoning by Modi as he was seen more with L.K.Advani.

Jaitley lost Lok Sabha elections but defended Modi Godhra riots so Finance where is clueless & Defence where he is lost are with him.Subramanian Swamy is also languishing.

NPA's are hot potatoes & Public Sector & Private sector with Politicians/Businessmen/Builders have created Ghost buildings which may soon haunt them & all of us hence no placements of Heads possibly & mergers to cover the mess in Banking in air.

Mahesh

REPLY

Ramesh B Mhadlekar

In Reply to Mahesh S Bhatt 2 years ago

You have forgot to mention the role of Regulatory authority who have failed miserably and have a direct role in the ever mounting NPA's.It is high time that the authorities sitting in Ivory towers be held accountable for the same morally and legally,if not they will fail to perform their duties and they are interested only in abusing their powers and claiming fat perks(some of tax evasive) and salaries rather than performing their duties

SuchindranathAiyerS

2 years ago

"Bharath Sarkar Ki Sampathi". Indira Gandhi amedned "The State Bank of India Act" to remove Mr. R.K.Talwar from Chairmanship as he belonged to that Khangess anathema, the ilk of competent progessionals with integrity. Indian Governance has progressed to a point where no head is eve better than a kow towing Judge, a boot polishing cop or a brown nosed babu. Without loot and plunder, the purpose of the "Independence" movement would be lost in such absurdities as rue of law and equality under law.

MG Warrier

2 years ago

While the present initiative by Reserve Bank of India to make the selection process for top positions in Public Sector Banks is most welcome, this need be considered as just fire-fighing operation or ‘first-aid’. RBI should make use of this ‘opportunity’ to make GOI understand the need for better Human Resources Management in public sector organizations including statutory bodies like RBI. A thorogh review at the national level covering recruitment at various levels, career progression, talent retention, remuneration package, in-house skill-development and tenure of incumbents at top-most levels in these organisations is overdue.
Finance Ministry and political leadership have been ‘enjoying’ the advantages of vacant or inefficient top positions in public sector organizations. Weakening of UTI and several other PSUs including Hindustan Machine Tools can be traced to this approach of GOI and political leadership. Dr Rajan and the new leadership at New Delhi should revamp the whole PSU structure. They together can.


The ‘ownership rights’ being exercised by Finance Ministry over PSUs including statutory bodies in a negative manner has been an issue which affected the good governance of all organizations in the public sector. Mild protests against this from several stakeholders were being ignored by successive governments which had an eye on using these organizations for short-term gains. Even this well-argued case for PSUs to be provided a level playing field comparable with well managed private sector entities may get diverted as an issue between RBI and GOI.
The debate being opened by Dr Raghuram Rajan should be taken forward in national interest. Good governance in public sector alone can handle national priorities with the speed needed for catching up the developed world, as private sector in India has so far been showing interest more in the creamy layer of development cake concentrating mostly on certain industrial and services sectors catering to the urban and well to do clientele. If an example is needed, private sector banks have not so far been able to capture even one-third of the business share or penetrate to rural areas, where India lives.
M G Warrier, Mumbai

REPLY

Ramesh B Mhadlekar

In Reply to MG Warrier 2 years ago

Mr Raghuram Rajan should prove he means corrupt free heads in PSB by first cancelling the appointment of his ex Regional director Mumbai office from Nasik Coop Bank or it will be proved RBI has double speak or standard in the matter of appointing corrupt officials.

MG Warrier

In Reply to Ramesh B Mhadlekar 2 years ago

Ramesh B Mhadlekar should consider forwarding his observation and this article and other comments to RBI

Ramesh B Mhadlekar

In Reply to MG Warrier 2 years ago

I gave documents procured from Police department concerning outraging modesty of Lady Police constable by union leader and his colleagues in the premises of RBI Fort Mumbai, by hand delivery to Governor Raghuram Rajan and I invoked RTI about the action taken on such employees, who were convicted by court, RBI CPIO simply gave a reply no information is available. What do you expect RBI will reply in the matter of corruption of its ex Regional director. In RBI whenever RTI is invoked in the matter of corruption it has one reply, no information available. When RBI does not care a foot for SC decisions and has contrary to well settled principle of law has conducted recently a secretive an Private recruitment, do you expect it will give their comments on corruption Mr.Warrier. I know RBI better since I have served the same and seen corruption grow and prevail in RBI,I have seen top executives abuse their powers closely. There are few dishonest executives who do not deposit even 1 Re per km for the use of Bank's car for their family members the cheapest mode of transport for the family of executives of RBI,I am sure a beggar on the road would be happy to deposit such meagre amount if his family members would get such facility. The RBI is autonomous body yet it has affixed Government of India stickers on its vehicles for dishonest benefits, when I invoked RTI in the matter, a patent reply was received from the CPIO stating no information is available and an appeal to the AA (Executive Director) has not been replied for more than 2 months now. Even a partial Blind person can view such vehicles entering the premises of RBI Central office Building and being caught on CCTV’s but the CPIO has no information. I hope it will satisfy your suggestion and lastly I would like to point out that the Governor is aware of such dishonest claim of the Ex-Regional Director and the same has been provided to him by the RTI received in the matter but he has maintained Maun may be it is his compulsion though I rate him as an honest and upright person..

LALIT SHAH

2 years ago

Wanted 5 General manager's for PSU nationalized Banks QUALIFICATION NOT IMPORTANT BUT MUST LOYALISTS OF SARKAR SHRI (LIKE HR MINISTRY)

shivkumar

2 years ago

When the country has a part time Finance Minister, even if he is Arun Jaitley, decision making is bound to suffer. Headless banks are an example of this culture.

REPLY

Suiketu Shah

In Reply to shivkumar 2 years ago

yes plus Modi sarkar in power only 4 months.They need min 2 yrs to erase the wrongdoings of the previous govt in power for 55 yrs.Lets wait 2 yrs before judging Modi govt.

Ramesh B Mhadlekar

2 years ago

But when it comes to appointing Administrator for the cooperative bank at Nasik,the RBI appointed one of its Ex-Regional director Mumbai who was claiming bogus overtime for his driver even during the absence from headquarters,during public holidays and official holidays of RBI on Saturday and Sunday continuously for 5 months as per rti ,without a break.It talks of appointing corrupt free officials is nothing but a joke of 2014.First RBI should withdraw the said official from Coop Bank at nasik and then point fingers at others dishonesty.A clean hand should only point fingers at corrupt person .RBI officials have no moral right to have double standards in the matter of corruption and appointments of corrupt officials.

REPLY

LALIT SHAH

In Reply to Ramesh B Mhadlekar 2 years ago

So many people having lots of HOPES that SARKAR SRI WILL change whole system but when they ware rulling in Gujarat last 12 years modi no sath ADANI AMBANI NO VIKASH AND remaining people of Gujarat singing Raghupati raja ram with MANZIRA.Over trust Amway's cheats On last 16-17 sept.He say's don't celebrate my birthday tamane Mara jevo ujavta nahi avde.And SARKAR SHREE HAS CELEBRATE THE GRAND BIRTHDAY ON REVERFRONT UNTILL TODAY NOT SINGAL P.M. HAS CELEBRATED BEFORE.
BARODA WALE JITNE MURKH PURE INDIA ME AUR KAUN HAI UNHI DINO JAB FLOOD KI CHAPET ME FANSE THE TUB KASHMIRI O KO. PUCHH NE PAHCHE MAGAR BARODA KI KHABAR TAQ NAHI LI FIR BHI UNHI KE UMEDWAR KO JITAYA YISH SE BADE MURKH KAUN HOGE SAIKETU SHAH JI JISH KI MINISTRY DAGGI MINISTER'S SE BHARI HO WOH KIYA DESH KO AGE LE JAYEGE FDI FDI KAR KE YEH JAICHAND AMICHANDO KI AULAD DESH BECH KHAYEGE

N.Paramasivam

2 years ago

I think posting Heads to Nationalised Banks has to be made after very careful consideration. No hurry. They are the people to implement NDA policies. Better late.

REPLY

K P Nagarajan

In Reply to N.Paramasivam 2 years ago

It makes sense to rush in to appointments when it is called for overhaul of such appointments...which is long overdue.

Vaibhav Dhoka

2 years ago

Banks use different methods to cheat its customer when their besses are busy in corruption.RBI as regulator has minimum concern for small customers.My banker at Bank of Maharashtrareturned cheque even though there was full balance and levied cheque return charges.RBI should mandate banks to issue time stamp for cheques deposited for collection,as is practiced in murual fund industry.Bank of Maharashtra Bhawani peth branch kept cheque for six days saying no staff available.RBI should levy exmplery costs and direct bank to compensate customer and such lapses accounted to staff at fault as penalty.

REPLY

Dayananda Kamath k

In Reply to Vaibhav Dhoka 2 years ago

rbi subsidiary gives award to a nationalized bank for best use of technology and in that bank after every quarter end the system does not have connectivity for at least 10 days to complete quarter end work. rbi or customers are also not worried.

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