Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam
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Fiercely independent and pro-consumer information on personal finance.
30-day online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.
Fiercely independent and pro-consumer information on personal finance.
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Very deterrent punishment required
1. When millions of unemployed youth is roaming on roads, merging banks is not right step. With merger 3 banks, NPAs worth Rs.80000 crores shall be kept under the carpet.
2. Is there any prudent functionary in PMO/UFM/RBI/IBA to avert the strike much to the chagrin of DWINDLING IMAGE OF BJP LEAD NDA? SO THAT THE INDIAN CITIZENRY CAN BE SAVED WITHOUT BANKING SERVICES FOR 5 DAYS.
3. In entire PSBs, 10 lacs bank employees + 5 lac bank retirees , right from Attender to GM, are honest to the core & hard working employees mobilized & accounted for INR.125 lac crores of deposits + Rs.85 lac crores of advances with investments in Govt. Securities worth ts.30 lac crores. However, entire credit goes to GOI, the PSB boards & the dynamic bank employees.
4. The demand/limit for Bank services is THE SKY. If the banks work for 24 hrs/7 days a week on shift system, still customers visit banks.
5. The proposal to merge banks helps the LOOTERS, namely, the fugitives, politicians in power/opposition, crony capitalists, existing PSB boards, CMDs/CEOs/EDs/CORRUPT DUDs OF ADHOCISM IN UFM/PMO/IBA/TICKING MASTERS OF RBI/STATUTORY AUDITORS. How? All the culprits shall escape ‘scot-free’ with their ill-gotten moneys. Entire NPAs worth Rs.80000 crores shall be put under the carpet. SBI & PNB commenced to put NPAs worth Rs.3000 crores to auction without revealing names of the culprit-borrowers on their respective web sites. In compliance to SC judgment, RBI is yet to declare names of NPAs/borrowers worth Rs.50 crores & above.
6. AIBOC, one of UFBU affiliates with majority of PSB/SBI officer-members has already filed a WRIT IN Delhi HC against mergers.
7. A WORD OF CAUTION TO AIBOC + OTHER UFBU + CBPRO AFFILIATES! This CHV sabotaged the entire PSB employees’ momentum in 2007 by taking huge sums of money from PC, the then FM. He, shamelessly, continues to wield power with ‘no elections’ in AIBEA since past decade.
8. What role the CBPRO conveners/affiliates play on behalf of 5 lacs PSB retiree-members. Any Dharnas/Demonstrators proposed HIGHLIGHTING RETIREES' BURNING ISSUES @ all state HQs duly covered by the Press & TV channels. Or simply sleeping by praying the GOD? Anyways, the bankrupt AIBRF is a dead force to reckon with its outdated & OUTLIVED GS.
9. SATYAMAEVA JAYATHE!!!