LETTER TO PM
Dear PM Sir
I am an employee of a co-operative bank. From past few days we observed lot of changes in Indian Banking sector. It was a welcome move towards Note-ban(500/1000 Notes), to fight Black money, corruption etc. We appreciate such a decision.
Same time all the Bank’s( public sector or private sector or cooperative banks), come under the scanner of RBI, or Income-tax department of india. We all do reporting, monthly, quarterly & yearly with different information. Also comply with many more information.
But we don’t see any strictness in case of credit societies( Patt Sanstha, Sahakari Sangh, Co-op credit Societies, we call in local language). They don’t comply, don’t report any of the information to anybody. They don’t follow any guideline. Is this because of these are run by MLA’s and MP’s majorly ????
These are the main sources of Money Laundering. I don’t say all of these are doing this, but few of the institutes practice such thing.
This short letter of mine does not have weight. But lot of things to be needed to look into……..
My sincere request to you, please have a look into these Financial institutes seriously. more
I am an employee of a co-operative bank. From past few days we observed lot of changes in Indian Banking sector. It was a welcome move towards Note-ban(500/1000 Notes), to fight Black money, corruption etc. We appreciate such a decision.
Same time all the Bank’s( public sector or private sector or cooperative banks), come under the scanner of RBI, or Income-tax department of india. We all do reporting, monthly, quarterly & yearly with different information. Also comply with many more information.
But we don’t see any strictness in case of credit societies( Patt Sanstha, Sahakari Sangh, Co-op credit Societies, we call in local language). They don’t comply, don’t report any of the information to anybody. They don’t follow any guideline. Is this because of these are run by MLA’s and MP’s majorly ????
These are the main sources of Money Laundering. I don’t say all of these are doing this, but few of the institutes practice such thing.
This short letter of mine does not have weight. But lot of things to be needed to look into……..
My sincere request to you, please have a look into these Financial institutes seriously. more
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View all 37 comments Below 37 comments
By now, I hope, GoI Department of Banking and the RBI would have taken some action on the letter to PM by Sanmati Patil. Participants would naturally be interested to know the view the authorities are holding on such complaints. more
Jul 26
The steps taken by the Prime Minister is towards corruption free, but some people oppose as their interest is affected. more
May 09
India is one of the MOST CORRUPT COUNTRIES in the world. This country has NEVER improved when tackling the issue of corruption or law and order or fair justice. This is the reality since 1947. The constitution was authored by a bunch of idiots and we are paying the price of it ever since then. Modi or NO Modi - makes NO difference. All are bloody big talkers. One MP openly beats up AI staff and the PM is lost somewhere in Himalayas. If this was to happen in some developed country the MP would have been behind the bars for a long long time. What do you expect from a lawless country like India? Shame on it. more
Mar 27
Practically the RBI never takes any action against the Banks even after lodging the written complaints - except forwarding the Very complaint to the Police. Though the RBI Act specify specifically to initiate the action. Other important Point to NOTE is the BAD DEBTS increased in millions of Rupees and ever increasing. It is open to all that these loans are parted with active participation of the Senior Banking Officials who are in hands in gloves with the culprits. It is a BIG scandle Or Racked. Till date Neither RBI Nor the Govt. initiate any action, whereas it was Submitted to the Supreme Court NOT to disclose the names of the defaulters who had duped the Banks for more than Rs. 500++ Cr. each. The Hight of this is that RBI directed and permitted to wipe out these bad debts. After all these are the Public funds and Must get recovered apart from strict actions against the Concerned officials who had sanctioned for oblivious reasons of their wasted interests. Circle should initiate and follow-up to the effect. more
Mar 12
Compared to ordinary citizen, people of these should be on a stricter scan & rules must be more stringent so that they have to first feel their foremost job is to service to the welfare of the people and they should not have any occupational advantages. more
Mar 12
