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Punjab and Maharashtra Co-operative Bank (PMC Bank): Rs. 1 lakh withdrawal limit imposed by RBI
- Thread starter Sushubh
- Start date
- Replies 41
- Views 3,922
HDFC Bank has got lowest npa among pvts bank. Also get a sweepin account if you keep substantial amount.
The scenario that is developing is pretty dangerous.....
PMC : a/c's frozen
Yes Bank : in a very critical condition
DHFL NCD: payment default...... 35,000 crore swindled
LVB: NPA issue
The above citations I have come across in my family and friends. The regulatory authorities SEBI, RBI are totally turning a blind eye towards the looting of the public money, swindling/ siphoning off by Politicians having fake companies as front end..... Only Reliance(Anil Ambani) is being responsible for 40,000 crore hair cut for various financial institutions....
When discussed the scenario with the Yes Bank relationship manager, he came to the office ( I look after many friends & family a/c) with the branch manager. They are literally begging not to advice/ move funds from Yes Bank..... at least not before 30th September.
He said that all banks are exposed to NPA's, it is just that after exit of Rana Kapoor, the present management decided to come clean on NPA front and declared all..... and they have provisioned above 5% and for the second quarter result they will have good numbers..... He also said that most bank presently provision for NPA around 5% but HDFC has provisioning @2-3%......................... it was his view that HDFC is also very risky.....
I consider HDFC much better and safer but if we compare the features YES Bank is better. Still have a current a/c with HDFC but no saving a/c.
PMC : a/c's frozen
Yes Bank : in a very critical condition
DHFL NCD: payment default...... 35,000 crore swindled
LVB: NPA issue
The above citations I have come across in my family and friends. The regulatory authorities SEBI, RBI are totally turning a blind eye towards the looting of the public money, swindling/ siphoning off by Politicians having fake companies as front end..... Only Reliance(Anil Ambani) is being responsible for 40,000 crore hair cut for various financial institutions....
When discussed the scenario with the Yes Bank relationship manager, he came to the office ( I look after many friends & family a/c) with the branch manager. They are literally begging not to advice/ move funds from Yes Bank..... at least not before 30th September.
He said that all banks are exposed to NPA's, it is just that after exit of Rana Kapoor, the present management decided to come clean on NPA front and declared all..... and they have provisioned above 5% and for the second quarter result they will have good numbers..... He also said that most bank presently provision for NPA around 5% but HDFC has provisioning @2-3%......................... it was his view that HDFC is also very risky.....
I consider HDFC much better and safer but if we compare the features YES Bank is better. Still have a current a/c with HDFC but no saving a/c.
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