Indian Banking Meltdown Worst in The World
2092013
Indian Banking Meltdown Worst in The World – Exclusive
Sepember02, 2013
Sepember02, 2013
It was surprising RBI governor has 5 year tenure like CAG and India
appoints an IDIOT it is 420 weekly tragedy. RBI is monitoring banks on
weekly basis.
appoints an IDIOT it is 420 weekly tragedy. RBI is monitoring banks on
weekly basis.
But unlike in USA where Credit to Housing led to Meltdown, India was
Inverse – Credit to Industry was ILLEGALLY diverted to Real Estate or
similar investments. There may not be US like Collapse here but is
even More DAMAGING – resulting in Industry & Manufacturing Decline and
Sharp increase in IMPORTS.
Inverse – Credit to Industry was ILLEGALLY diverted to Real Estate or
similar investments. There may not be US like Collapse here but is
even More DAMAGING – resulting in Industry & Manufacturing Decline and
Sharp increase in IMPORTS.
Slow down in Growth Rate when India expect Manufacturing and Indusry
to contribute over 15% growth – it is almost zero in many sectors is
Banking Failure – every transcation of coompanies is through Banks
therefore trackable.
to contribute over 15% growth – it is almost zero in many sectors is
Banking Failure – every transcation of coompanies is through Banks
therefore trackable.
What is even most shocking is that D Subbarao was appointed in 2008
just when sub prime crisis in USA had triggered meltdown of banking in
most industrial countries hat have private banking.
just when sub prime crisis in USA had triggered meltdown of banking in
most industrial countries hat have private banking.
But thanks to Indira Gandhi Indian banking is largely State Owned and
under close watch and conrol of RBI.
under close watch and conrol of RBI.
In the above RBI tables it is obvious Credit to Industry was up six
fold in first eight years of UPA rule – 8 fold at the end of his term,
and doubled in first three years of D Subbarao tenure and Three Fold
in five years but there is no corresponding increase in Capacity
Additions and Revenue & Profits.
fold in first eight years of UPA rule – 8 fold at the end of his term,
and doubled in first three years of D Subbarao tenure and Three Fold
in five years but there is no corresponding increase in Capacity
Additions and Revenue & Profits.
Fact is imports growth matched Credit Growth to Industry therefore
India was during his IITian turned Economist turned Finance Secretary
turned RBI governor – it was OBVIOUS money was not getting invested in
factories but fake Companies.
India was during his IITian turned Economist turned Finance Secretary
turned RBI governor – it was OBVIOUS money was not getting invested in
factories but fake Companies.
This Indian Banking Meltdown is worst in the world.
Function of RBI is to monitor IMPLEMENTATION OF BANK CREDITS FOR THE
DESIRED PUPOSES.
DESIRED PUPOSES.
Persons with following Biodata are considered IDIOTS.
With computerized Banking RBI should be able to Monitor REAL TIME
INVESTMENT in Plant and Machinery of all Medium and Large Industries.
INVESTMENT in Plant and Machinery of all Medium and Large Industries.
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