Bodi government's FRDI bill may take away all your hard-earned money

[Raithu_bida]

brilliant idea by nakka given to modi in abn news 

[Raithu_bida]

Even sbi kuda ip petocha???

[Bhai]

10 minutes ago, Ara_Tenkai said:

It doesnt make any sense... appudu andaru money withdraw chesukuntaru and bank ki vellaru... there has to be something missing or the govt is brainless... Intha brain lekunda bill evaru pedtharu...

don't worry. govt knows how to get money into bank.

 

Just remember what happened in Nov 2016. ippudu cheppu emantavo??

[Bhai]

3 minutes ago, Raithu_bida said:

Even sbi kuda ip petocha???

malya lantollu chala unnaru india lo .. inka chetuletteyyaledu.

 

Ettaranuko emi cheyyagalav?

[Hydrockers]

janalu already banks ellatam taggincharu.. ee rule janaloki poyindi ante inga accounts kuda close cehstaru emo

[Hydrockers]

1 minute ago, Bhai said:

malya lantollu chala unnaru india lo .. inka chetuletteyyaledu.

 

Ettaranuko emi cheyyagalav?

Almost All industrialist's ani cheppu

[Raithu_bida]

1 minute ago, Bhai said:

malya lantollu chala unnaru india lo .. inka chetuletteyyaledu.

 

Ettaranuko emi cheyyagalav?

Aina naku savings am sachay ley banks naku money istai 

[uttermost]

This is the global standard. calm down. capitalism on steroids. You can't want world standards, and be conservative with lending the money.

India was pushed into this by corruption (by both this govt and previous govt) at the highest levels in awarding loans without guarantee to corporates, with very bad business plans.

Banks already finance themselves with customers money. Now they'll dip into the 1lac too. thats all.

also comparison with cyprus is bullshit. cyprus doesn't control its currency, plus the bail-in clause there affected mostly accounts held by foreigners.

anyway now it makes it interesting to see if banks function more autonomously, and efficiently, because if govt interferes too much still, they will fcuk up.

and when that happens, don't worry, Indian govt will guarantee your savings by recapitalising the banks, like what US govt did in 2009. Or atleast hope that India does it. Anyway its business as usual in capitalism street.

[uttermost]

I haven't read the bill, but if what is written here is true, its a step in the right direction. atleast economy will improve with this decision. The stage is set for lowering interest rates now. but not by much.

Indians have to get more productive and less wasteful, less casteist, less communal, if they want to grow.

[uttermost]

I'm sure SuSu Swamy is having orgasms over this bill. lol.

[uttermost]

The problem is that Indian financial markets are not fully developed to take advantage of this, and most of the money will flow into crony capitalists like before

 

[uttermost]

In my opinion, India should have done this in 2012-13. 5yrs late.

[alpachinao]

28 minutes ago, Bhai said:

bank vadu ip pedite, andhulo unna customers money to vadini gattekkistaru. last ki customer balance ni zero chestaru 

 

prastutam unna rules prakaram cust money ni touch cheyyaru

idi ekkadi chattam e banking sector pedda corrupted ofcourse akkada pani chesvala gurinchi cheppabale e chattam vaste rechipotharu sbi ni mg maku sambandam ledu ani vellipotharu

[Ara_Tenkai]

19 minutes ago, Chamak_Chandra said:

Cash withdraw sesthe banks charge sesthai.. and more over lot of ppl using cards and doing less cash transactions..

chesthe chesinai... mohtam povadam kante better kada...See govt tappu chesinappudu edirinchali... telangana udyamam okate udyamam kadu anni udyamalu cheyali...

[Ara_Tenkai]

17 minutes ago, Bhai said:

don't worry. govt knows how to get money into bank.

 

Just remember what happened in Nov 2016. ippudu cheppu emantavo??

emundi... godava cheyali... next elections lo votes veyyoddu... ee bill ni evaru revert chestaroo vallake votes veyali...