How Banks Work Non-stop To Avoid Transparency and Disclosure

Рет қаралды 16,398

3 жыл бұрын

When it comes to sharing information about inspection or audit report publicly, Banks and their regulator, the Reserve Bank of India have often managed to slip free from the rules laid down in the RTI Act. Even to the extent of disobeying an order passed by the Supreme Court. Watch this week’s video as Sucheta Dalal discusses how RBI and banks continue to avoid transparency.
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Пікірлер: 43

@umeshkeer3764 3 жыл бұрын

Fully agreed. Misuse of public money Without accountability.

@ramyasri6093 3 жыл бұрын

Great information madam.. thankful to you for fighting on all of our behalf

@GoodBoy-en5lx 3 жыл бұрын

Thank you, Money life & Smt.S.Dalal for bringing us the recalcitrant ways in which both the commercial banks & the RBI are working to the detriment of the small investors on who's deposits these banks thrive and misuse to th e maximum extent.

@chandrashekarseshadri3606 3 жыл бұрын

Really I loved watching sucheta dallal inspection report of banks highly informative

@mg.f.9023 3 жыл бұрын

Great work! Strange, our mainstream business channels never mention these shocking facts!!

@anewlife5846 3 жыл бұрын

This seems to be a way too high expectation from us from a country where even PM care fund details are never made public in the name of confidentiality.

@nparekh79 3 жыл бұрын

God Bless the team at MoneyLife !!

@AmitSharma-yb9vc 3 жыл бұрын

Its sad reality. I know how much I suffered when I applied for a educational loan. Some bank refused because my family was not looking capable to return the loan. People should be aware of this things. Because indirectly it's affecting the pocket of common people like me. One request if it's possible to make a video in hindi. Toh hindi me upload karo. In my opinion government should make different banks for big corporates. And transfer money from other banks to thase banks and publish publicly all transactions. So atleast all of us can know how much benifit we are getting by giving loan to big corporates.

@rajeshkumaracha 3 жыл бұрын

I totally agree with you Sucheta ji. RBI doesn't ask for information like about borrowers like customers data, suppliers data etc.. they ask for information like pre sanction credit appraisal notes, due diligence reports etc.. the RBI then analyses the information provided by the bank and then observes if there are any deviations from guidelines of RBI or any policy of the bank.. and the information about these observations of the RBI is the right of every depositor and taxpayer. After all, now it has become the responsibility of the depositor to do credit appraisal of the bank to understand if his money is safe or not

@Jain-kf5xu 3 жыл бұрын

Thanks mam for Very useful and hard earn info . But do really people and govt worry about this money . Govt. will give bailout package to bank and defaulters keep looting with favors of senior bank employees for their personal interest . 😊

@sankarshanmridha 3 жыл бұрын

People should be aware of such information more.

@umeshbaikunje876 3 жыл бұрын

Fundamentally zero accountability by Bankers and taken granted. Enforcement of law is applicable only to middle man or who has no contact with power centres. Knowledge about finance and accounting can only help Indian people come up and question the board members of Banks. Transparency is culture issue.

@abhijeetsharma7414 3 жыл бұрын

excellent report and analysis. Pathetic regulation by RBI

@neelamvalecha4837 3 жыл бұрын

Great job done by, MoneyLife...!!!!!

@manaskumarhaldar2725 2 жыл бұрын

I have known the following in Indian banks : 1. Changing name on pass book 2. Changing name of the person renting locker 3. Designating a deposit as on lien when no loan has been taken. It will not be surprising if money is transferred/withdrawn without the account holders knowledge. People should check at least once a month.

@patelmukeshk 3 жыл бұрын

Hello ML team, what happened toa related issue, where Mr. Subramaniam swamy has filed a petition in court to direct CBI for investigation on RBI offifials. Unless few RBI officials are made to answer their misdeeds, RBI will continue to operate in opaque manner. That petition should be pursued vigorously. Root cause of all banking fraud and problem is Non accountability of RBI to general public.

@manujha665 3 жыл бұрын

Thanks for sharing ma'am.

@cyriljohns 3 жыл бұрын

Thank you Sucheta and team for opening our eyes

@rsdevarapalli 3 жыл бұрын

Thanks for enlightening with such details,.

@AmitSharma-yb9vc 3 жыл бұрын

Video is informative and important.

@biswa8710 3 жыл бұрын

Superb analysis and work.

@commonerIndian 3 жыл бұрын

nice report.. thanks

@dptorrent_bbkj6232 3 жыл бұрын

Great information...

@pratapdrawing 3 жыл бұрын

Pure knowledge

@divjay6403 3 жыл бұрын

Power to you the real journalists! Proud of you!

@scienceclass2014 3 жыл бұрын

Excellent insight information mam. An eye opener for common people like us.

@rpsh1 3 жыл бұрын

Good report

@sunnydhabhai 3 жыл бұрын

Wow! I dont know how i came across. but very good analysis.

@varundhapade 3 жыл бұрын

In practice, Internal Inspection Reports are only Prescriptive to the employees and Officers. And trust me the brief period of time given for Audit makes it difficult to properly check some of the things.

@israr_xyz 3 жыл бұрын

Kotak charged me for IMPS transaction of 1st June today at Rs. 5.90. it did not say any thing about transaction charges when I made it. Pvt Banks wants to loot people. Govt banks with young employees is really good banking. Every Pvt Banks is a headache. Calls U 10 times, always selling what you don't need.

@vitthaljadhav9015 3 жыл бұрын

This is valuable information, ma'am. Have you started a podcast already? If not, I would suggest a podcast could be a great platform the way you explain things. Please share a link if there's a podcast.

@dharmendras100 3 жыл бұрын

I believe almost all banks does that, but how a ordinary person can take or raise it to the top.

@kiranjadhav2896 3 жыл бұрын

Madam, aapke hard work and study ko salute. Just one question kya aapko nahi lagata, everything is plan by upper body (government body). Aur isme Marta aam aadmi he. And dukh ki baat yeh he ki us aam aadmi ko bhi sirf wave k sathi chalna he naaki Sach k sath. Once again thank for such deep nd knowledgeable video on current situation

@bkenchappa 3 жыл бұрын

Banks are special! Bank Examiners should write their report for the banks and their management. Neither for journalists & nor for public. Let the work continue with utmost independence. My humble view is that Bank Examiners world over, may not write what they write if they are made answerable to outsiders. Please allow whatever RBI fellows write and support them. Curiosity kills cat! Banks are special. Period

@arunmiruthyunjey3734 3 жыл бұрын

If all printed/created money enters the economy through bonds and bank loans which demands the receiver to repay said bond or loan with an extra interest, where will the extra interest come from? Even if the Interest is paid from earlier printed/created money, won't there always be an exponential growth in deficit because of interest?

@surajkatkar2133 3 жыл бұрын

Because of rbi and banks poor and middle class always has to pay

@madhusudhanarajamvraja3739 3 жыл бұрын

The Bank's are allowed to manipulate, falsify in every possible way and the legal system are biased supporting them. This blind support would only take Indian entrepreneurship from bad to worst.

@suparnaganguly1329 2 жыл бұрын

These are the reasons that new generation investors and millions others all over the world are so attracted to crypto investments, where there is absolute freedom in transactions. ( Provided) to if someone is an expert in crypto investments. A sort of ' my money my comfort' kinda mindset 🙂 . Thanks 'Moneylife' to make us aware atleast about various financial pressing issues, we face day in and day out as customers, investors and tax payers. 🙏🙏