BLOG, Breaking News, Business, CARONA VIRUS, Culture, Entertainment, Fashion, Gaming, Latest Post, Life Style, Opinion, Politics, Religions, Science, Sports, Travel, Trending Stories, Uncategorized
RBI Governor Sanjay Malhotra warns Banks to address Customer ‘s complains seriously & not to ask KYC documents repeatedly as Crores of Complains are pilling at RBI regarding complains and Banks are unnecessary blocking thousands of lower & Middle class Saving Accounts in name of KYC,Will Banks listen to RBI governor as in past RBI also warned but to earn money and pass it to big business cronies as loan Banks are deaf ear to common persons bypassing RBI Orders
Lacs of Bank Saving Bank accounts of lower and middle class have been made dormanant and inoperable in name of KYC documents by few Government and many private Banks and this money where lakh crores rupees are deposited where hardly 3% interest is provided ,is utilised by this Bank to provide loan at the rate of 14-18% where middle class and lower middle class tries to pay back but many top business and industralists donot pay it all and these accounts become NPA and these companies ultimately go to NCLT or their owners move to foreign destinations completing Government to writeoff these loans (According to a media report,loan to a tune of 14 Lakh crores were waived off by Government to clean Account Book of Bank). RBI Governor Mr Sanjay Malhotra was speaking at the annual conference of ...