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As I work in a PSB, let me be the devils' advocate, when one enter HDFC, which type of customer one see, the top 5-10% of any city, my own account is with HDFC, but with PSBs the bottommost 40-50% of the area. I am all for privatisation and there's too much documentation in PSBs but the privatisation which govt is doing isn't holistic one- what I meant by it that even after privatisation BABUs still calls the shot, that's why credit wrt GDP is poor, PSBs can be world class but due to BABUs at the top and "save your ass" Culture, people are not incetivised to take risk, I don't wanna risk my career over some loan which if gone bad, ED, CBI will knock my doors and not even my own bank will protect me. Create a society away from BABUDOM and incentivise people to work harder and give them protection too in certain cases, then our banking system will be world class Till then, Private Bank like YES BANK, nbfcs like ILFS will go bust and taxpayer money will go to hide the incompetencies of babus

To all the people who are against privatisation, loads of your (tax payers) money is going into recapitalisation of these banks, which could otherwise be used for better purposes. Stop and think for a moment. As a tax payer, I would not like to see my hard earned money being wasted on some money loosing organisation. Better to sell it off and cut loses.

I like SG more when he speaks on economic topics, much better then any economist in his analysis and clarity of thought.

Yes bank, dhanlakshmi bank,PMC bank,deewan housing finance, iifl finance etc All are private financial institutions still failed Banking business is loaded with high amount of risk in countries with low GDP per capita combined with democracy China and Vietnam have high credit to GDP ratio because of their iron fist governance structure In India you need to beg ( acc to rbi guidelines) for your loan recovery Courts are so slow that a simple bounce check case takes average 3 years to settle Unless you improve your governance and judicial system there won't be any benefit of privatisation of PSB Most of these privatised PSB would go bust within a decade

Very illuminating presentation. Many thanks. NPA in Indian banks going up from 1.8% to 7.9% is because of hiding the NPAs as good recoverable lendings. During the middle of last decade, the banks were forced to make provision for such NPAs and come clean. That 7.9% is the disclosure of past sins.

SBI shouldn't be compared with other commercial banks, public or private. For historical reasons, from the time of Imperial Bank of India, it enjoys certain Government business which allows it to be more profitable. But your overall point is correct: Communists and Congress have no clue the money taxpayers are losing to support the PSUs.

Those who are barking for privatisations of PSB here are requested to close their savings ac with psb n maintain the affordable min balanced ac of 10000 n above …. Is it affordable for poor n normal people …… Ask the private sector banks to provide all govt schemed loans n achieve priority sector targets like psb … Ask to attend all the customers equally then come n talk about privatisation … Ask private sector banks to provide unsecured loans without securities for the same offered exclusively by the “private” government.. Ask the banks to stop forcing the public sector banks to provide welfare loans which will not be repaid mostly by you and the same was already not entertained by your private banks…. Ask private banks to open branches in remote area and provide the financial services… Still so many questions are there first answer for these and then let me know for further questions…. PSB is for public and should be equipped with good management and given full rights for recovery and should relaxed from giving unsecured loans without securities though the government knows it will not be repaid …etc

Nationalising everything would be an economic disaster and privatising everything would be a management disaster. Putting the country at the mercy of the people or putting the country at the mercy of some businessmen would certainly be catastrophic either way. We should be picking the correct sectors to nationalise or privatise. The current discourse sucks as it is just about whether privatisation is good or bad.

Well Said Mr. Gupta, " Wherever Government gets into any business that business that business is doomed" The basic reason for the same is Government has the test of Elections and successful business depend on correct Selection by Management 👍

Let's put things in perspective. Govt has spent $40 billion dollars to recapitalize Public Sector Banks. That's $40 billion that you can't use to fund other priority issues. For $40 billion, - You can double the output of Nal Se Jal (It costs $60 Billion/yr) - Double the Capital expenditure of the Armed forces. Programs like MRFA/AMCA/Aircraft carrier/Light tanks etc. would get better funding - Salaries of Teachers in almost every state can be doubled with leftover money used for pensions - 15 more Metro lines in our Cities - Roughly 60 new expressways. Any one of those programs could have given better returns over recapitalization of PSBs.

Before nationalisation more than 400 banks go broke in India and savings of lakhs of people went down the tubes. Nationalisation increased confidence of people and slowly they got out of clutches of moneylenders and their life saving became secure.. Now look what so called efficient private sector led banking system did to USA in 2008. TAR of 700billion was given out of tax payers money by USA government in 2008 which is equivalent to 3 times of India's budget of 2022.🙄🙄. India is a country of 140 crore people were 80 crore stand in line to take 5kg ration. Do you really think they can afford the heavy charge and meagre presence only 30000branches(only 20% in rural areas) of only profit seeking private sector banks. Wealth is stored in only 4 instruments - Land ,Gold, Debt and equity. As our land and our gold is our sovereign possession how can we allow our debt instrument(Bank Balance) 150 lakh crore to be controlled by only 30 lakh crore valuation of investors. And crooks of english media say that you have got depository insurance for your bank deposits. Now just imagine government comes up with a plan that all land and gold of this country will be managed by 100 companies and land and gold insurance scheme gets floated for land and gold, that out of your 10 acre and 1kg of gold, 2 acre and 250mg of gold is secured and rest you will get if any thing comes after liquidation. Just take time and imagine it's difficult to fathom. Government must protect our wealth which is stored in land,gold,debt and they can keep equity option open for creative destruction of wealth and constructive capitalism to prosper. We have not formed the social contract and paying taxes for our own robbing by government and erosion of our wealth by deliberately keeping high inflation and government not protecting our savings kept in bank. Time has come that capitalism must modify itself otherwise a lot of social unrest are in the offing. Even Lock, Mills and Adam Smith must be thinking about that who actually designed their policies on the surplus capital that was coming to Europe in 17th,18th and 19th century through colonial instruments. Before India become a country with $12000 privatisation will mean throwing the population again under the bus in clutches of moneylenders. Till then take a pause and take deep breath.. Even after that governments should be duty bound to protect our wealth as in free liberal world government must protect life liberty and property of citizens. And Mr Gupta just trumpeting any idea without fully understanding the social political cultural and economic context of a country looks premature on your part....

Dear Shekhar Gupta Sir, think of zero psb in India, how govt will run it's different schemes, how financial inclusion will be effective??? I don't think any pvt Bank will let a old man/women enter in their branch who is just surviving on their few hundreds of govt pension. You should also analysis the type of priority sector lending between pvt banks and PSB. One of the most funniest thing you said PSBs are overstaffed, Sir right now in my brach we are working with 50% of sanctioned staff. In SBI there are 45 crores of customer with just 2.5 Lakh of employees, almost all employees are working overtime without getting paid extra.

4:44 The graph that goes down after 2015-16 is the primary reason for slowdown in economic GDP growth and credit in India. That slowdown is often attributed to demonetization by some out of ignorance.

Have you ever heard about the social impact of PSBs? How many rural branches have private sector opened compared to PSBs? The success of DBT to the most deprived - specially in time of pandemic - was because the reach of the public sector banks.

Banks should be privatized but systematically. It is inveitable looking at current situation of Public sector banks in India but it should be done systematically not in sake to simply gain revenue for GOI when economy is in complete mess since demonetization. Let's hope the think tank sitting in Delhi does this reform in a way which brings & delivers the best outcome for India.

After watching this episode of print, & going through some comments, I would like to clear some misconceptions. PSBs don't get incentivized for operating rural branches, opening zero balance acct etc. Only source of benefit for PSBs from Govt are deposits from various Govt dept, & commission earned from handling Govt transactions. That also has decreased as Govt dept depts are now free to park their funds in Pvt Banks too, & rate of commission has been drastically reduced. Govt infuse capital to a PSB when that PSB doesn't have enough freed up money to lend in the market & earn income through interests. That happens when a PSB have to keep aside huge sum of money as provisioning for NPA & probable NPA accounts. Btw, corporate entities today have the largest share in NPA. So if you lament that large sum of taxpayers' money is 'wasted' towards PSB, you should also ponder why corporates are getting upto 95% haircut in their debts.

Shekhar Gupta admits that he is no economist and yet explains economics better than any economist. Beautifully explained!

Whatever be the conclusions of academic study on this topic, a few common sense observations are in order. 1. Original decision of bank nationalization was a step in right direction including additional nationalization in 1980s. 2. But by late 1990s, it was clear that its usefulness is coming to an end and negative effects are affecting the PSBs. But reluctance to privatize PSBs and ideological compulsion to keep them in Govt control by capitalizing it from time to time was definitely wrong. 3. Govt should offer a 100% risk free deposit schemes ( both saving bank with cheque facility and Fixed Deposits) directly to the public and let banks go fully private. This step would convert all banks into NBFCs! Similarly, for SMEs and agriculture, it should have come out with specific credit guarantees and support. 4. Modi Govt is dong privatization haltingly and half heartedly, This must change and Govt must get out of PSBs except perhaps one like SBI.

In USA, even the private banks were bailed out with government money in case of crisis.

Surprising that people do not remember what led to privatization of banks in the first place, or if that is too old history, what worldwide disaster the private banks created in 2008.

Dear Print - I have certain reservations on bank credit as % of GDP - i dont think China's 150% is sustainable (with BRI loans, domestic housing loans which are facing backlash now, etc.) and hence should not be considered as any holy grail of banking strength. So this should not be a KPI for banking sector - possibly 50-70% is good for growth without sacrificing loan quality.

Bank privatization should not be blocked via protests

This episode is what all CTC episodes should be like. Thank you

Nitin Gadkari said जिस देश का राजा व्यापारी, उस देश की जनता भिखारी ! For non-Hindi speakers - The country whose king is a businessman, the people of that country will be beggars

Sir every psb in last quarter has shown profit , and what about 5lakh employees working for PSB it's not only personal but families and individuals who are loyal law binding citizen's who pay taxes and work with in the given framework and still make the best of the situations. Coming from an PSB employee.

Indian socialism is a joke honestly, on one hand we barely invest 1 percent in public Health and barely 2-3 percent education on the other hand the central government is heavily involved in banking, insurance, Power plant etc. GOI needs to disinvest from banking and insurance and let the market take over and use those funds in health and education and transport infrastructure (modernizing Indian railways , modernizing roads). Regarding rural branches, rural cooperatives can take over and partner with pvt urban banks and with DBT and Bankmitra schemes this isnt a problem anymore. All the other CPSEs like Bhel, ntpc , Bel , hal etc need to be privatized as well.

You will not find any private Bank in rural areas and that why govt Bank has its own significant

Wow does private banks lend to priority sectors and promote govt sponsored schemes. Just go to any pvt bank for opening zero balance account and they are gonna kick you. Our financial inclusion is still quite less. PSB are the one whom middle class people relies upon. PSBs failed earlier due bad corporate loans? Pvt banks were afraid of lending them and country needed to boost it industrial and service sector. You can argue that many loans became NPA but how many companies became bigger and support for economy do count that. There will be a chance of loans becoming NPA. If PSB lended 1000 loans and 50 became NPA then PVT lended just 100 and 10 became NPA. Simply criticising PSB won't help govt either. NOT a single govt sponsored schemes are properly implemented by pvt banks. And they talk about privatisation of all PSBs. And once govt exits people suffer. See in telecom sector last govt bastion BSNL fell and now pvt players are increasing price like anything citing any reasons and you cannot do anything except suffer. Financial sector involves money if people suffer on that front trust me whole country will suffer. Technological upgrade needs money and govt takes PSBs profits in its own pockets. And Salary of PSBs are less. Let me tell you why people want Sarkari or PSB Naukri. It's not like they don't want to work. It's that there future is safe. Their salary increases with inflation. And they know that they don't have to run or hop upon multiple places or get laid off dure to restructuring and age discrimination. PSBs don't guarantee high salary but it guarantees job security. And do you still think the youth is fool who is ready to sacrifice his 20s for govt job. The person who gets top marks in GATe gets PSBs people selected in PSBs are in thousands among millions. They are the best of best. It takes courage to live and serve in remote areas. Visiting a village for a day won't give you clear picture. Now a days many people are taking business loans because they are laid off from their companies at an age where they have to take care of there children education and pay housing loans. Getting laid off at 40-50 doesn't seems good nor getting less salary. If people think that it's false see Korean debt trap on CNA news. Videos was taken down but still you can read article.

But sir hasn't the govt regulated banks saved Indian economy in 2008 crisis when banks like Deutsch crashed out of market??

One of the primary mandate of public sector banks is financial inclusion unlike private sector banks. Unfortunately credit growth is probably very low in the hinterland as private money lenders are preferred by the people to the banks. The public sector banks have to earn the trust of the people in the hinterland and that is an opportunity with exponential potential to succeed. Jan Dhan accounts is a good first step in that direction.

Very, very lucidly explained. BTW, for the benefit of our other viewers, I watch all KZfaq videos at twice the speed. This way, I go through a 10-minute video in just 5 minutes. On a laptop, hit the shift+> and the speed will increase step by step. The option is available on the phone also.

Nationalisation of banks did create employment opportunities in government bank sectors and nationalization of banks helped the poor and middle class to open their account without paying high charges and they received high amount of interest in their savings and had low rate of interest in their loans.

Shekhar Gupta Ji, Mr Arvind Panagariya left NITI Aayog to join Columbia University. He is so called Libertarian economist and wanted to leave almost all the things to market. And below was his reasoning - “If I were at 40, then I would have got a job anywhere... the kind of job I have at Columbia is almost impossible to get at this age.” Now, this is the benefit he will be getting from Colombia University as a professor - "Faculty and officers of research holding full-time appointments are eligible to participate in the University's benefits programmes for officers. Some of these programmes assist officers in meeting the cost of medical and dental care for themselves, their spouses, and dependents. Others help to compensate for the loss of salary if they become disabled, protect them if they are injured while travelling for purposes associated with their University responsibilities, or provide their families with financial assistance if they should die. Still others help them prepare for retirement; aid them in meeting educational costs they incur for themselves, their spouses, and children; or provide assistance with the purchase of homes." Hypocrisy ki Seema hoti hai kya??. 🤔🤔🤔

The opening comment that nationalisation was a blunder is not substantiated since comparison has not been made for the pre-nationalisation period and 20 years after it especially in the social sector

Truly doing good for Prints Media investers with shoddy data. Why don't you mention zero balance accounts with PSB vs Private banks you will know true picture. Tell me who is the biggest shareholder of YES bank now it's SBI with almost 20000 crore injection form SBI.

Barring SBI, Sell all other PSU Bank. Its urgent, do it fast.

Your explanation of GNPA and NNPA was completely flawed.. you still need to go back to your friends for understanding. I will make an effort by the way: Gross NPA: Total amount of loans for which repayments(EMI) are not coming ( for more than 90 days at a stretch).. say 100 rupees. Net NPA: Out of the above 100 rupees.. I have kept aside 60 rupees from my profits in a separate fund..(provisioned) so that in case the money doesn't come I can get the money from this reserve. So net NPA left is 40 rupees. Write off: I have no hope of this money coming.. I remove it from my books... i.e. neither GNPA nor NNPA.

I am sceptical that private sector employees are paid more than psu banks. SBI Bank PO is paid about 55000/- whereas ICICI Bank PO is paid about 36000/- . SBI branch manager - 12.5lpa to HDFC branch manager 8lpa to 15lpa. I don't know how private banks pay "much much" high? I'm willing to change my mind, pl anyone enlighten me!

Higher credit to GDP ratio works well only when it's backed by the development/infra/industry/exports/employment, if it is not backed by that, there will be huge bubbles that burst regularly and cause recession!

Any party who are trying to privatise banks must be outsted .Private and public banking should go parallel run.

How many loans are given to farmers by private sector banks? As loans to food processing industry or fisheries is also considered as loan to priority sector, private sector loans there and meet its target. Not to ground level farming sector.

Asking as a person who has little understanding of banking, what about the reach that govt banks provide? There are many places where a govt bank, probably sbi, is the only available bank. Private banks are unlikely to provide their services in those places since they won't be profitable.

One of my friend was having a busines loan facilty with PSB for decades. All of a sudden a private bank gave a better proposal and he accepted it. Considering the processes involved with the private bank. My friend now regrets in accepting the proposal of private bank as the paperwork involved is more tedious than the psb.

The only news source that analyses and explains research papers. Kudos The Print, hats off to the incredibly high quality of journalism here.

This is one the most depressing CTCs ever. Despite such overwhelming data and fact based evidence, why would Congressand Left still support it? ShekharJi, what are their arguments and do you think they are valid? I'd hate to jump to conclusions that they are stupid, blinded by family/ failed ideology and at this point, plainly anti-national.

Where was the section about the conference held by The Left in support of nationalisation? Very pompously you had said that we bring discuss everything/ every side.

I cannot find the paper anywhere neither in the NCAER website nor in the author's home pages. Is it not published yet? There no direct url in the desc. Question: How much of these consequences can be attributed to the NPAs disclosed a few years ago and the unbalanced credit push that bided the Indian economy during the 2008 global financial crisis?

I am shocked to see Jairam Ramesh's comment. I thought he was a pro-growth reformer.

Sir, the unprovided part of GNPA is NNPA. And they are not written off till they are on balance sheet. If written off, the loan is removed from GNPA as well.

SG: from your CTC, it comes out that our IAS class & economic beurocracy that manage our PSU Banks are incompetent. I think they should be sent to China for training, not America, as these days, China is doing capitalism better than America.

Having worked in a bank please understand the agricultural finnancing as mandated and reported is a sham. Take Kerala state. If you look at the agri loan portfolios in the state you will see loans classified as agri loan, but travel through the state and you will find no significant agri activity is happening in state compared to loan reported. RBI must get it's act together. Talk lo lower management staff in branches to understand how their hands are tied even to lend to genuine people without fearing punishment should those lending go bad for any reason. The truth is that from RBI to governement these is no banking culture that's needed for this country which is unique unlike European or western countries . Blame policy and not poor staff as responsible. Mind you bankers in India is among the most underpaid, again ensured by Government policy.

Have you taken into account the removal of grip by local moneylenders on farmers and the fast improvement by the farming sector due to bank nationalization? I understand all rubbish happened due to loans to big sharks. Can you throw some light on the share of bad debts by the banks, you were mentioning, by segregating between the farming sector and the non-farming sector? I am over 70 years and have seen the growth of the farming sector in Tamilnadu after this event and hence this question. I know LOan Melas by Janardhan Pujari ruined this effect to great extent.

PSUs Banks after merger shouldn't be privatized. I recently went to open my account in ICICI Bank and they said that the minimum balance required in around 25,000/-. I told them thank you and went to Cananra bank and open my account paying 1500 or so. Banks are fountains for inclusive growth in India and our economy isn't mature enough to adopt full privatization of banks at these stage. A pvt bank will not incurred a huge cost of running a branch which may not be profitable in rural and semi urban area. By privatizing we are keep these ppl from the banking sector and inturn missing so much opportunity for credit generation and investment opportunities. No Banks will push ppl at mercy of informal sector like money leaders and we know what money lenders have been doing in poor ppl in rural areas for generations. I myself being a stong supporters of pvtization, think that some things even if incurring loss have to be run my public sector to social empowerment and reaching the poorest of poor. Like we can't hire a pvt security provider for guarding our borders even when we are spending tons of money than we should also not let some important sector to fully privatize especially when our economy isn't as mature.

Minoo Masani's comments on the perils of bank nationalisation were spot on. Actual outcomes were perhaps worse.

Government should not be in the business of business. Except for the government led by ABV, no one has done anything substantial to remove the role of the government in running, owning a business. The current government has the right intention though.

Funny thing is most of the Banks in China are Public sector !!!! and they are still full time in the ever greening of NPAS mode ... In any case diverting public savings to "priority sector" which is highly influenced by politics by using force of regulations is a classic moral hazard and best managed through other government institutions raising market borrowings [ bonds etc ]

To be honest, I thought this was about Battery Banks on Uninterrupted Power Supplies. I grew fond of this show so I will watch it - nice to know a bit more about India! I believe Econometric Methods were either created or used for the first time in India, right? Thanks!

Banks are life line, it's okay even if their return is low. These banks network by way of trust is much higher. We haven't become a banana republic because of them. We have seen the private sector fleecing money from helpless borrowers. Stop this argument Sekhar, never expected this from you.

Very different and fresh view by Shekhar Gupta. Those who oppose privatisation should also consider these aspects.

Public sector banks are not allowed to open new branches and you are saying bad public sector banks are not opening branches. Also they are asked not to take permanent employees any more... You are saying their employee count is going down...

Sir it's easy for us to talk privatisation. Government will find it very difficult.opposition will start crying ki desh bech diya

Indian Bank: Rs.40, SBI: Rs.20, Bank of Baroda: Re.1. for every Rs.1000 on percent return on assets

Dear shekhar Gupta sir, I have some comments on your video. 1. Your comment on agriculture lending is not correct because private banks don't lend to agriculture as PSBs do. What they do is deposit the difference in NABARD and other bonds, where they earn less. 2. Corporate loans are profitable, but many corporates failed because of excess borrowing. 3. Private banks also fail. Eg., Yes bank, ING Vysya. No private bank came forward. SBI invested heavily in yes bank. PNB invested heavily in ing vysya. 4. Credit deposit ratio is not comparable, as PSBs have high deposits. Private banks use commercial paper and other instruments to borrow when they decide on lending. 5. It is necessary today to privatize PSBs, especially UCO, IOB, P&SB, Central Bank, etc.,. But, Indira Gandhi decision to nationalise in 1969 was also correct, because at that time it was a necessity. Anyway your presentation was really good and worth seeing.

Total net profit of all psbs in FY 2021-22 is over 66000 cr so they are doing fairly well so no need overanalyze and compel us to believe that there is a need of privatisation

Tax payer's money used for bank recapitalisation could have been used for healthcare infrastructure like more MBBS seats in govt colleges, more AIIMS hospitals, Insurance for all without exclusions, better medical equipments, tests, cheaper medicines and more investment into R & D in medicine, diseases.

Dear @Shekhargupta / #Shekhargupta, thank You for bringing the banking sector health perspective. It is hard work for you to learn new concepts in banking. Overall, believe we need a strong regulator and baring 1-3 Govt banks rest need to be privatized as we are no longer in 70’s and let bygones be bygones. Banking is core of speedier economic development for any nation.

I'm completely with u on this,plz do this sorta thing regularly, especially abt privatization!!

Can you please share a link of the entire paper by Poonam Gupta and Arvind Panagaria ?

These NCAER folks are neoliberals. They are obviously going to bat for privatisation. We must remember that Indian PSUs are the most profitable among the BRICS countries (this include CHINA remember). Also, all state run banks whethered the GFC in 2008. Also, almost all major private banks in India have foreign majority stake holders(Foreign institutions own over 50% of them). South Korea and China and Japan all of them industrialised because of nationalised banks willing to give out risky loans to fund large industrialisation initiatives. We should keep at least 5 PSBs.

Thanks for the good reporting on Banks. I am not sure how safe the private banks are I was really worried about my money in a private bank after YES bank went down. The Govt should completely get out of banks and let the market ride it along. The govt needs to establish a insurance similar to USA(FDIC) for up a certain amount. You cannot keep holding hands and helping all the time, at certain point the govt have to let go, survival of the fittest.

Thanks sir for keeping the facts. A tight slap on those crying bank bech dia, desh bech dia.

Shekhar ji, this episode cluttered the topic more than it cut it. You can say you were just commenting on the NCEAR paper but The Print has very good economists to speak about the topic. Global banking and monetary systems are what scientists call Complex systems. Pumping public money into PSU’s - guess GOI also pumped money into Yes Bank. Globally, Too Big to Fail and Too Big to Jail, needs to be understood. Although Khochars in India may have seen some time in Jail. The private banks in India today are struggling. Even Aditya Puri sold about 95% of his share holding in HDFC bank before handing its reigns to his successors. Trust in his own successors in case of HDFC Bank and Integrity and credibility in case of ICICI Bank, are reminders, besides Yes Bank shows that something’s are rotten in Denmark That said only SBI, BoB and maybe Indian bank in the PSBs will be there and are needed. In the last three years, for a small shareholder like me SBI has given me more returns consistently than HDFC Bank. Companies talk about monetising their subsidiaries by listing them. this merger of HDFC twins is a picture no one knows why it was done. To bail out which of the twins, I don’t know. I am and continue to be a very very small shareholder in both SBI and HDFC banks, ever since their IPO’s. The trust in the latter is waining after Aditya Puri’s sell-off Get someone from your economic think tank declutter your cut the clutter

I disagree with this CTC. Look at the West and their situation with less control on the banking system. With the current setup in India, the govt has more control on the banking system. Good Governance in the PSU is what is required here.

Some PSB need to take social programs like jandhan scheme just like railways, BSNL have offered cheap service due to social commitment

Nationalization is a slippery slope and by taking that decision what Congress did was disaster. Then again, Congress has taken many disastersous decisions in itshunger to rool & please the few. India could have reached much higher in economic scale than where it is now but for the few decision makers. We badly need 2nd financial reform, agricultural reform, banking reform, power sector reform and judicial reform. The idea of kicking the proverbial can down the street has come back to haunt us badly. At least this government is trying to deal with it and not running away.

One major factor for rise in NPAs is because of aggressively declaring accounts as NPAs.

He speaks for his investers

You glossed over yes bank fiasco, like it was a great thing because Investors lost money. You missed to share the malpractices and fraud that happened. You also missed that SBI had to take majority control. Please do tell, whose money is in SBI, do guide us..

The videos are too long. Can you please try to make shorter videos. It's very difficult to focus on the same voice for about half an hour. It starts to become boring after 8-10 minutes. You can explain the same topic in different parts(eg. Part1, part2 etc.). You are doing an amazing job.

When emphasis on Personal Loans comes ad of KiA as well appears down there. Do your part, get your loan and get the KIA 🙂🙃

The personal loan sector came into its own after liberalisation. And Public sector is not behind. And they give it at lower interest- benefitting the consumer or to us.

You are school In itself. Salute shekhar Gupta sir

10 years of upa headed by a economist bureaucrat did so much damage.

Public sector banks are "companies", but they're not regulated under the Companies Act, 2013 (or its predecessors), which is why you don't see their being a "Ltd." suffix ahead of their name. The SBI is formed under the SBI Act, 1955, the others under the 1969 or 1980 bank nationalisation acts.

Incompetence of the regulator to be blamed for PSU disaster

Definitely needs to be privatised, faced major problems in service with psu banks, shifted to pvt banks, have visited branch of pvt banks just once that too open account.

These type of analysis look good only academically. It gives oneself a feeling that if we privatize all the Indian Banks we would have solved all the problems that Indian Banking System has. Also, it would not be fair to compare our Banking System with likes of USA, China, S Korea, Japan. In US Banking is heavily regulated enforcing several compliances for the consumer protection such as FDIC. Also be mindful that if Private Banks fail in India, Govt would still need (like it or not) to bail them out. That's what has happened in USA via Troubled Asset Relief Program (TARP). Academic/Economic research is all fine, but it is not as easy of a decision as Shekhar Gupta is making us believe.

Govt should make all banks privatized. PSU banks are worst in service. I personally faced this last month as for passbook update I had to visit 3 contineous days as they said server is down . Average Waiting time for inquiry also 1 hour in PSU banks.

Why banks are not lending to industrialists? Because they don't pay back. Why ? A broken criminal justice system. And that's the primary reason why in India industries don't prosper.

Please read Report dated August 2022 by the RBI which states” PSU BANK PRIVATISATION MORE HARM THAN GOOD”

If privatisation is good then what about Yes Bank disaster. Not always privatisation is good but it's about governance model

If we can't fire a gov employee for bad behaviour then you know gov institutions don't deserve our support. Privatise everything. Gov should not be doing business

Tradition Banks will soon become a quaint anachronism.

One thing should be added when and what amount been infused into PSB since nationalisation. वैसे, परदे में रहने दो परदा ना उठाओ.......

Just shut up these baniya want to loot public money.

Time for Government irrespective political party to reform‘Banking’ with minimum functioning Interference .

If Modi didn’t do it no other party would touch nationalisation agenda with a barge poll.

Brilliantly explained, would like to listen to your talk on Demonetization 1 & 2

sir giving credit is very risky in india. Very poor judiciary, people openly default. Bring judicial reforms.