Banks want Bailouts
Just like telecom companies, banks now have asked the government for funds to support the payments ecosystem now that they can no longer charge merchants a fee for using the Unified Payments Interface (UPI) and RuPay card infrastructure.
Everyone wants a bailout from tax payers money. Why can't they come up with innovative ways to generate this revenue of 5000 odd crores rather than asking Govt.
I hope Govt doesnt give in to such requests otherwise we will become bailout nation. more
Everyone wants a bailout from tax payers money. Why can't they come up with innovative ways to generate this revenue of 5000 odd crores rather than asking Govt.
I hope Govt doesnt give in to such requests otherwise we will become bailout nation. more
Viewed by 1059
View all 6 comments Below 6 comments
Tax payers are being taxed with burden and when they take a Loan, it will be somehow done without leaving even a penny, but why Banks and Politicians who run away / hide themselves. They should be charged heavily. See how many politicians are having cases pending against them but still they are treated with love and get elected again to perform more crimes. if this is taken care, everything will go smooth. more
Feb 18
Forget bail out, we may have bail-in shortly. Banks give loans without proper security. They become bad loans. They go to politicians for help, because politicians recommended those loans. Those NPA owners declare them self as bankrupt. The kind heart politicians help Bankrupt NPA owners bu helping Banks with Bail out/ bail -in. Finally those bankrupt business people become country's richest/ world's richest. There is an old saying that one can not become crorepati, unless declaring them self as bankrupt at least ones more
Feb 17
Why don't they try to reduce administrative and managerial costs, reduce business losses (tight scrutiny before giving loans and constant followups for repayments). more
Jan 23
First of all why do banks want to charge MDR to merchants. Its is only foreign banks who are dong the same to loot Indian's money. When we have Indian grown payment systems and Indian Credit bank called Rupay. Ther is no need to charge MDR. The banks can also develop their own payment gateways like they do for online banking banking. The digital transactions help banks in reducing their workload by automating the system and reducing infrastructure costs like branches, manpower and other facilities expenses. Visa and MasterCard do not have swanky branches in Multiple locations across cities. But they sill make lot more money than other payment gateways in India. This needs to stop and Indian Banks can learn and take a lesson from them. Government should not bail out the banks or any other institution or Industry until its a natural calamity. Taxes are collected for the benefit of people and not for spending on correcting other's willful sins. more
Jan 22
