Should government banks be Privatized? | Government banks Privatisation by Finnovationz 

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Few points you should have mentioned like: 1)crop loan for farmers 2)shg loans for women 3)mudra loans for unemployed 4)goverment interference in corporate loans. 5)non existance of firm recovery policies for psu... 6)most importantly goverment wish to make psu loss making so they can sell them to private players

M also a student and i have a similar story i went to hdfc bank and they said i need to have a minimum balance of 10,000 than i went to canara bank where minimum balance is 1500

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This video title itself gives an idea of insecurity in the minds of government bank customer..

Opening is lit..

I even know people who work in no.1 private bank of India but have account in nationalized bank because pvt bank deducts many schemes without consent of customer

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Don't blame clerks n managers n small employees for the loss. The corporate npas are because of political pressure. MPs n Ministers force Bank officials to give loans to their friends. They can't do the same in return Private banks. so politicians themselves are responsible for the loss of psu banks.

people money security is needed , doesn't matter Pvt or govt bank , both are in hands of govt

Sir I am a psu bank employee served in a rural branch of WB.many persons are very happy with the govt decision of bank privatisation.Either they have no knowledge how these banks operates in rural areas where a person even dont know how to write or they have their personal benifits.we have massive shortage of staffs.We face massive footfall where we have to serve more than 500 people a day for various works.We have thousands of subsidesed accounts where govt subsidy comes.people comes from very far places by walking as no other transportation available. people in town or city cant imagine how these banks works.people forget how these banks works at the time of demonitization.Government just gives order without proper planning or infrastructure or manpower rather they put tremendous work load.But still we serve.what about private banks?are they serve these areas or they serve only to those few selected people.And if a psu have fund crisis government gives money but what happened when private banks become bankrupt?what happened to yes bank?why government put pressure on sbi to take over yes bank?Is this fault of sbi?no infrastructure no man power tremendous work load due to governments daily new schemes are these factors not responsible for degradation of psu banks?

Reason behind banks default is finance ministry itself under the influence of businessman, bank works well intact

The 90% NPA come from corporate loans which are sanctioned by syndicate and by pressure if big ministers. Not a single branch is in loss in operational profit.

ये गलती बैंक की इन सबके md ceo से वसूली करनी चाहिये

Govt must introduce strict laws for recovery of bad loans

Prasad bhava ek no knowledge deto tu 👍😇

All major defaults of loans comes from the corporate sector as you mentioned here. Compare to private banks, they are also provides these loan but with carefully checking their financials, credibility and without pressure of the Centre or state govt. Major root of the problem is government's politics who used these PSBs for their political interest like Loan waiver announcements.. If they could grant money to them to educate their staff, investment in technological advancement, stop their political interest I strongly felt that these PSBs will doing better than private banks because they have vast confidence of their customers and their cost of lending also small.

Mujhe 1.5 saal ho gya bank account khulvaye huye or mne aaj tqq debit card order nhi kia kuki knhi zrurat hi nhi pdii i do online transaction only👍

Really First Few Seconds Of Video is real😂😂

There are a few question arises from this video : 1. Are corporates or private banks ready to serve in the rural part of country if we privatise govt banks ? 2. Is this really a good decission to allow big corporate houses to open banks because we all know where will money of those banks will be parked in form of loans. 3. What about regional rural banks - the main aim behind the establishment of rrbs was to cater the needs of agricultural or rural population because private banks were not ready to open branches. 4.What about the belief system which people of india have in govt banks.Like when there is need GOI Pumps funds in these banks but if a Private bank goes short on funds will GOI do the same. 5 As you said the main problem in Government banks is lending its not the staff.Yes i know there are a few cases where govt banks employees don't work efficiently but this is not the case with everyone.I think you should qualify the exam of State bank of india PO and get a seat for yourself and then work for 10am to 9 pm.You will know the reality of work bankers do.So please stop spreading this propaganda ki lunchkebaadaana.For your kind information some don't even have the time to do lunch. 6. And yes this 10 min video of depicts nothing except few data points which one can easily find on google.

I have a question that did this type of fraud now happens in usa or not and if yes than how there govt tackle all this

I would like raise a few points. 1. Private banks like yes bank and icici also have some incidences of poor conduct . The videocon Npa of icici and the crisis of yes bank, which was later bailed out by a government owned bank that is sbi by buying a large share in the bank , are good examples of corrupt and poor practices in private banks as well. However, they have performed better when compared to smaller public sector commercial banks which are burdened by providing cheap and essential financial services to unbanked and underbanked sections . 2. If there is a corporate loan that has failed then the owner of the corporation must not be allowed to hitchhike to another country there should be strict laws to stop this kind of thing. 3. Farm loan waivers are a huge burden on the financial strength of the country. Whether it is the reinjecting of capital into the banks or it is money set aside by the government from its funds, in the end it is the taxpayer that is going to pay for it.

सरकारी बैंकों का होना अछि बात हैं इनको टेक्नोलॉजी से ठीक किया जा सकता हैं ... सिर्फ 1 या 2 बैंको को ही कारपोरेट लोन देने का आधीकर देना चाहिये औऱ उनमे एक्सपर्ट बैंकरों की न्युक्ति करनी चाहिये जो बहुत जाँच परख के बाद ही कारपोरेट लोन दे... बाकी बैंको को केवल रेटल लोने देने की परमिशन के साथ सरकारी बैंक रहने देना चाहिये।

What about heavy charges, High interest rates and different interests for different customers charged by Private banks

Nowadays , icici bank is offering zero balance account ie. Mine savings account .

Which finance course have you pursued. Please reply.

I had visited Canara Bank for account opening form I waited for more then 30 minutes then they told form is not available in a rude way very bad experience

A good attempt. Some more points to consider. Cases of frivolous lending practices have happened both in private as well as public banks. As far as kingfisher airlines is concerned, I believe our state run airline is also loss making and a bigger cash guzzler. But fortunately for them "restructuring options" are easily available to them. As far as privatisation of psb's are concerned, it has to be a slow and cautious process with strengthening at their board level, for better governance and alignment with laid down guidelines. But privatisation is an eventuality which we have to come to terms with for the general good.

When normal people wants loan bank never give easily but company wants they give easily but when you see the comparison between private or public sector bank there is a lack of problem in management and lazy employees in public bank I actually visit private bank they work like customer is a first priority but when you visit public bank they don't care about public they just work for salary thats it this example shows that private bank cares about people money but public bank????????

बहुत ही शानदार भईं

Makes sense, we are living in urban where we are looted by goverment but we don't realise that our money is used by goverment to make a poor's life better

Sir government bank ka manegement me dheyan dena chahiye government ko

I thought first few seconds is part of Advertisement 🤣😂

Hlw sir.. Kon sa book pade koi idea ?? waise book Wala v video dekhe hai

Hello sir i have 1 question... Suppose i buy a 100 quantity of share for intraday..and then if upper/lower circuit happen on same day...what will happen to my shares...❓

खाजगी करना मुळे हा आरक्षन चा वाद पण कमी होऊ शकतो .....

I am using private bank as its services are good.Every time i had visited any govt bank it was like harassment and torture for any work done.

Bandhan bank is one private bank which mainly served the rural area and gives loans to poor people

Can you explain about the earning release events in diffrent companies?? What to do can i buy share or sell the rest?

Minimum balance requirement is a non-issue In some special cases the rule can be made to open a zero ballance account One of my friend doing PhD in IIT has already a zero balance account to receive stipend in YesBank

SBI employees always say ..."Lunch k baad aana" , even at the morning also 😂😂😂😂

Do you have any model portfolio?

Agr public banks ka main feature poor and medium class ke logo ko loan dena hai to to unhe hi de and kuch special banks hi industrialists aur tycoons ko loan de with some change in protocol.

Sir you told that at the last you will tell how the fraud money is effecting the normal people but you forgot. Hope in any video you will give that knowledge.

Sir, Agar Private Ho gaya to account holder par ku6 farak padega?

About 8 years ago...SBI branch of my town denied me an simple account opening due to multiple documents and other silly reasons...since from I have never used their services not even ATM....🤣 Part 2: Kotak Mahindra provided me home delivery account opening with their customer officer along with passbook and cheque books and many services

I want to transfer my laxmi vilas bank share from one demat account to another demat account so is it possible.

I have been following you channel since the starting and liking them. I admire your gamut of knowledge. So I expected a complete overview from u at least from every perspective. Thanks

एक ही pan card से 2 account खुलने के बाद किसी एक account से ipo apply करते हैं तो ipo मिलने की क्या संभावना है या एक account बन्द करना ही पड़ेगा?

Log to exam ka preparation mein itna time laga lete hai....unka koi corporate skills nehi build hota hai...to ese hi log brand or trademark ke upar loan de detee hai 😂😂👍

Privatisation of Govt. banks is not an ultimate solution. Government also needs to take care of employment. Every year lakhs of students appear for Banking job exams. So, before privatisation govt. must ensure that private banks should also follow the same procedure just like the Govt. Banks during recruitment.

Excellent starting. Real story in every bank 🤣🤣🤣🤣🤣🤣

Wa kya Example diya Starting Me 😂😂😂😂😂😂

I wasn't expected this opening. Amazing

Sir aap ne ye to btaya ki gov bank corporate loan k wjh se lose kr rhi h pr ye nhi btaya ki ye corporate loan konse logo k influence me aakr di jati h... Jo ki mainly politically influence hoti h Sir itta research krte ho ek bar government banko ka operating profit dekho thoda najariya change hoga.. Govt. Banko ko jaanboojhkar doobaya ja rha h by government

Reservation walo ke bethaoge too yahi hoga naa public sector banks meee. Need is to change the employee and the management not the ownership

U gave incomplete information..Private banks also gives loan to big brands and name n faces loss bt they try to cover lose with heavy chargers,insurance premium etc

बड़ो बड़ो को ये क्युटिये लोन देते क्यो के जबकि हम छोटो लोगो को नही देते

Prasad bhai, have been following you for a while, you never cease to amaze me, how you simplify convoluted terms and technical jargons for the novices. Just a suggestion - a few times you have inadvertently used the word GOVT Banks, but they are PSBs (public sector banks) wherein the stake of govt is more than or equal to 51%. Anyway keep it up.

commodity research anlyst bane ke liye kuch suggest kare sir

Prasad bhayya, Request you to also add your English version of video..... There are a lot of my Tamil friends who want to know more and get reliable information. I find your and Rachana Mam's video very useful. Please add you English version video, so that we can share and all learn

बैंक भी निजी होना चहिये हमारे यहाँ तो खाता एक्टिव के लिए पंजाब नेशनल बैंक में हजारों लोग प्रतिदिन बैंक के दरवाजे घूम रहे है पर सरकारी स्टाप को कोई tention नही है बेतन तो मिलते रहेगा काम हो या ना हो यहाँ सिर्फ गरीब का खून चूसा जा रहा है

सरकारी बैंकों का बुरा हॉल😤😤😤,एक्सेप्ट SBI,उसकी सर्विसेज ठीक है,nicee वीडियो प्रसाद जी😊😊👌🏼👌🏼🇮🇳🇮🇳🙏🙏

Now what is your say on Lic IPO because Lic is the biggest profit making company of the government! Please reply?

I think government can also take some solid measure as same as private bank to stop scams and we all know that government has more power than private banks I don't think privatization is the solution

50 times visit kiya hi last 3 months me mene and my age 17 aur education loan ki wajah se aur account opening ki wajah se obc me aur ek iob bank hi humare village me usme visit kiya hi

Any lead on which two govt. Banks will be privatized?

The amount of loan given by government bank to one pan number or business group should be limited to say 10cr. Rest of the money should be lended to other private banks. If their objective is to serve poor, they don't need to lend 1000s of crore to single person

Privatisation is very beneficial in long term as all developed countries doesn't have very much public sector companies.

Namaskaar.... It's always so nice to hear this. I think other than the contents it's the way he talks that makes it worthwhile seeing the video

Hi Prasad, nice video, and first time heard about NEO bank, needs more videos on Neo Bank concepts. Namaste 🙏

Opening set is awesome.. and the video is very informative

Bhi your video help me alot for knowing about Share market Thanks Homie 🔥🔥🔥🔥🔥🔥

If Someone has Account in Public Sector bank (Govt bank) and the bank gets privatisation will it effects on account ?

Sir waise mujhe gvt bank ki knowledge nae hai........but yeh corporate loans ki sanctioned power politician ke hath main hotta hai na ki bank ke aur will full defaulter ki recovery toh govt karwa sakti but woh karwana nae chahiti......govt jo paisa infuse karti hai woh govt wapis bi le leti hai jaise rbi se wapis lea tha.......aur bahut kuch hai but filhal itna bahut hai

15-20 lakh candidate paper dete h or in sab me coaching bhe le hogi toh ye sab bhe Kam ho jayega agar banks Pvt hue toh revenue par or bue asar padega isko bhe dekhna chahiye yaha ki kamai bhe Kam ho jayegi

I have a saving account in pnb. Pnb charges only rs 177 maintance and debit card charges. Also, provide interest approx 2.5-3%. In Gov. Bank, we feel our total money is secure and safe.

corporate loans Pvt Banks mai bhi default hota hai, use bachane ke liye sbi lic jaise organization hi age ate hai. Aur ye jo big size corporate loans hota hai na ye sare political influence se hi hota hai.

Is it possible that Only 3 top govt banks are allowed to give corporate loans? Rest others can give only retail loans and can do only retail operations.

मे मार्च के बाद कभी बैंक नही गया

Government should sell 49% stake in major bank n privatize remaining bank

Sir, I had buys your course and I want a certificate, but some issue are coming in your app. I had call in your bpo, but no one is receiving my phone call and some are not valid. Sir, my request is for you to solve my problem immediately, because I have to apply for my job. I hope you may do it immediately.

Please make a separate video on each point raised in budget. Separate video for separate point like scrapping policy, privatisation etc

I think privatization of some bank is good

Reason is only one. Govt. Bank employee and management

Hey Prasad Bhaiya, I'm a big fan of you....I wanted to know what course you have done in finance field?

Bhaiya ...bahut hii achha hai aapka starting👍👍👍👍❤️❤️❤️❤️🙏🙏🙏🙏keep it up......well done......👍👍❤️❤️👍🙏👍❤️👍👍

Thanks for saying truth about farmer waiver truth ,some people said that the it's main problem to default bank.

SBI me lunch to 10 am se 5 pm tak chalta.......

Sir plz share comparison of figures between private and government bank. As I'm an employee of regional rural bank in maharashtra, our bank has been doing very well in rural and remote areas. According to me it is not that much useful to make privatization of banks totally.

What did the govt employee said?? Couldn't understand due to music

Part 2 4) now let's talk about the last topic and very much important m s m e . which means loan to small and medium scale industry many time well grow industry comes to nationalised bank for getting cash credit. nationalised bank will summarise companies balance sheet , as an example if industry having audited turnover of rupees hundred crore as per turnover company they are eligible for cash credit rupees 25 cr to 30 cr , it depend how turnover is calculated. the basic method for calculation is how much a particular industry paid there GST on GST return. from this nationalised bank will get actual figure what is there annual turnover. now let's talk about private bank in same scenario they never bother about turnover they are only deal with Collateral property in Above case the company will get 60 cr to 80 cr as a cash credit . How they come to calculate cash credit limit which is too high we don't know. conclusion nationalised bank follows RBI guideline which issue day by day, but in private bank they have their own guidelines we don't know what is the purpose and what kind of private bank doing there business. our question is, if RBI provided guideline which comes by proper research , committee and discussion are they inappropriate . nationalised bank never think that no one will be default that's why they are calculating repaying capacity ,profit earning ratio etc. but private bank are never bothered about out such kinds of ratio. and most important after calculating all kind of ratio still account will become npa more in nationalised bank as compare to private bank what kind of strategy they are applying. It clearly understant the private bank sanction loan only those people w h o m capable to repair there due ,they never invest entrepreneur and no matter to them how there client earn profit by tax defaulting , tax hiding or hawala etc.such kinds of practices are promoted by private bank if nationalised bank become a private then those people who are not paying their tax are getting promoted and they are habitual to not pay their tax. it ultimately effect our country development. my request is kindly think about it what we are promoting nation development or Nation selling. thank you,

Me : Good morning I have my account in Kotak, Sir I have a wonderful experience, according to me private banks add new features with cheap rates to attract customers and they are more focused on innovation and R&D unlike government banks. PSU banks are very slow and lazy. Neo bank is a nice concept but indians beleive in Asal which means physical presence. I want to suggest that PSU's should be only 3 SBI PNB & BOB and privatize all other banks and to safeguard public interest government can regulate private sector banks to maintain certain standards like Asset Quality etc.

Can a govt employee invest in stock market

The way you say नमस्कार is truly Outstanding ❤️❤️❤️❤️

I had never visited bank branch we do online 💻💳

This video's starting is op❤️

Loss hota kyo h....loan dene se....saab paise leke bhag jaate h.... government force fully loan dilwati h...

Govt banks me koi problem nahi hai. Bs unko polititions se door rakhne ki jarurat hai.

Great information by great person