PSU BANKS SPEND HUGE AMOUNT ON NEW YEAR GIFTS. CRITERIA MUST BE FIXED FOR DISTRIBUTION e.g.FOR BANKS ; PARTICULAR DEPOSIT LIMIT / REMUNERATIVE QUALITY LOAN ACCOUNT & SMS BE SENT TO COLLECT. EMPLOYEES MUST GET ONE EACH & COST PRICE BE RECOVERED FOR MORE.GIFTS MUST REACH THE TARGET GROUP TRANSPARENTLY. GIFTS MUST HAVE RELEVENCE PROMPTING BUSINESS & GOVT.IDEOLOGY /CREATING AWARENESS.EFFICIENT SPENDING IS NEEDED SO AVOID LAVISH PARTIES. RATHER SPEND THIS AMOUNT ON PRIORITY PROJECTS FOR DEPRIVED.

LOT OF EXPENSES (PAPER & MONEY)CAN BE SAVED BY REVIEWING MATERIAL PRINTED BY PSUs. e.g. PAY IN SLIP FOR DEPOSITING CHEQUE CAN BE DISPENSED WITH BY SIMPLY WRITING A/C NO. ON THE BACK OF THE CHEQUE & MOBILE NO. OF DEPOSITOR. SOME BANKS (e.g.SBI)HAVE DOUBLE SIDED PRINTING WHICH IS TEDIOUS & EXPENSIVE.INVESTIGATIONS WILL REVEAL THAT 99% OF DEPOSITORS FILL ONE SLIP FOR ONE CHEQUE AS CHEQUES BELONGING TO DIFFERENT BANKS IN SINGLE DEPOSIT SLIPS BECOMES INCONVENIENT FOR BANK TO PROCESS.ONE SIDE ENOUGH.

GOVT.AID DIRECT TO NEEDY IS MUCH BETTER THAN SOME LOANS UNDER GOVT. SCHEMES WHICH ARE TO BE WAIVED LATER. WAIVEMENTS PROMPT MANY TO BE WILLFUL DEFAULTERS & BREED CORRUPTION AS SOME %AGE OF LOAN IS PAID AS BRIBE ON THE BELIEF OF GETTING MONEY NEVER TO BE RETURNED.जितना मिला वो ही सही : खैरात ही तो है !अच्छा खासा ईमानदार भी बेईमान हो जाता है : MORAL IS ERODED & HUMAN VALUES GO DOWN. HELPING NEEDY IS DIFFERENT FROM MAKING HIM DEBTOR.FUTILE EFFORTS TO RECOVER WASTE HUMAN LABOUR,TIME & MONEY.

BANKS' EXECUTIVES/OFFICIALS FROM MINISTRY SHOULD GO TO COUNTERS IN THE GUISE OF CUSTOMERS TO REALIZE FACTS. CASHIERS' ATTITUDE NEEDS CHANGE. SORTING BE DONE.BANNED 500 NOTES/MUTILATED NOTES GIVEN BUT NOT ACCEPTED. UNSTICHED UNSIGNED PACKETS WITH FAKE NOTES DELIVERED. SINGLY STICHED & SIGNED PACKETS BE GIVEN. TRANSPARENT distribute NEW CURRENCY TO REMUNERATIVE ACCOUNT HOLDERS/UNDER SOME NORMS/AS INCENTIVE TO STAFF & PUBLIC.SEPARATE COUNTERS FOR SMALL DENOMINATIONS.AT ANY BRANCH WITHOUT CHARGES

contd... Relationship Manager or any authority in Bank should be made Accountable for any delays etc. Unless Accountability is fixed, thing are not likely to improve.4. Lead Bank concept needs a revision in current Aims of new Govt. for Regionwise , Sectorwise development to take place with minmum governance.

Through online redressal of petty issues and by shifting workforce towards tier 3 and sub urban areas as the urban populace prefers online and electronic resolution of works. Check disposal, passbook updation, ATM, money transfer, FD and most other activities in the urban areas can be dealt with zero workforce thus saving up on money spent. Centralized service centers in each district may be provided which would help resolving of out-of-ordinary problems, with a very small requirement of person

1. Delays in Sanctions and non- availability of timely Finance for projects causes National Loss apart from increasing Unemploymentand also increases chances of Account becoming NPA..SUGGESTIONS..1.1. Lenders' Liability Code, as suggested by APEX Court, should be urgently made.2. Development Banks like erstwhile IFCi, IDBi and ICICI should be opened for removing Regional imbalance with Minimum Government Interference.3.PSB should have kind of Relationship Manager to mitigate client problems.

11. The concept of Vikas khata is flawed. Many many customers have opened Vikas khata under जन धन योजना in 5-7 banks to get insurance & 5000 Rs. overdraft. This is adding lot more pressure on the limited infrastructure of the banks. Please stop this scheme. Average minimum balance should be Rs. 100/- per month in order to get the benefits of the scheme.

5. There should be limit on no. of public sector banks operating in particular area. 6. A/c number portability for customers of public sector banks 7. Rather than focusing on new business, the banks should focus more on recovering NPAs. 8. Unsecured loans for amount exceeding Rs 50,000/- should not be given. 9. Increase salaries of officers & employ or try to attract competent people from private sector banks.10. Give lot more importance on income from treasury activities,

Fixing unrealistic high targets by higher authorities for branches MUST be stopped forthwith so that BM can concentrate on improving overall efficiency rather than creating shadow business for bank. BM should be incentivised for good business but at the same time make him accountable also if a/c becomes bad within certain period. A/c opening campaign must also be stopped as branches are induced to compromise on quality of a/cs by showing fake performance in terms of no. of a/cs opened by branch.