1. The issue of corruption in lending loans has recently caught headlines which is not desirable. Steps can be taken to avoid this by bringing about transparency in operations. 2. Appointment of cmd of banks should be broad based and the pool of candidates should not be restricted to bureacrats and must include professionals. 3. Rising NPA is another issue which can be controlled by adequate information sharing among banks and stricter penalty for wilful defaulters.

The ATMs are the modern facilities for which we are thankful to technology and development. Still the banks want to make money from this service. It would be appreciated if all Banks give it to customers as a support gesture.

Sir, today the PSBs are in direct competition with Private Sector . The Chairmen of Private Sector banks are highly professional and have long tenure ahead of them if they perform well, whereas in the public sector, we have short tenure. I suggest two things: 1; The tenure of the appointed CMDs should be at least 10 to 15 years and they should be young, about 45 years when appointed and 2. They should be acclaimed finance professionals; not just people who have become senior in their postings.

PM MODI JI, BIG CONCERN ABOUT PSBs IS NPA. CAN GOVERNMENT PUBLISH THE DEFAULTERS NAME IN MEDIA SO PUBLIC MAY KNOW WHO LOOTED THEIR MONEY. AT THE TIME OF ELECTION GOV. STARTS LOAN WAIVER SCHEMES, SHOULD BE STOPED AS THIS MOTIVATE PUBLIC NOT TO PAY BACK THE LOANS TO BANK & SEND THE BIG DEFAULTERS BEHIND THE BARS. ACCOUNTS SHOULD BE OPENED ONLINE. BANK STAFF SHOULD BE PAID PROPERLY & NOT BE TRANSFERED IN THE NAME OF ROUTINE TRANSFER AS IT DISCOURAGE THEM TO WORK.

Specially on the loan( Home) processing need a transparency for the customer to track through online where is the file and why it got struck.Currently if the facility introduced also not been used effectively by the bank side .Another suggestion to enable the scanned copies of documets loaded to reduce the paper work and miss placing documets.

1. CMD of PSBs for min 10 yrs (2 business cycles) with clear short, medium and long term vision. 2. Four tier reporting structure for faster decision making. 3. Consolidate banks to large fund projects solely (more minds more confusion) 4. Transferable bond based funding with central custodian of securities to monitor borrower with regular financial, legal and technical DD, will also act as whistle blower. 5. At par pay package with incentive for performance (no "mera kya" attitude).

The corruption in granting loans is issue of high importance . This is situation due to discretion given to banks. The Loan system should be more subjective and more defined . Discretion should be minimized . Online loan application has been introduced but for getting it sanctioned people have to beg for. This is very pathetic. Like deposit bonds Multipurpose Loan Instruments should be launched up to Rs. 100 lac which one can buy after fulfilling defined conditions . It will help a lot .

BANK IS MY WEALTH TANK

TOLL FREE NUMBERS seems useless because it takes 12-15 mins of time to get customer care executive on call.and many times it's not being connected too. Regional office contact numbers usually shows wrong numbers when dialled especially for SBI.

PM MODI ji NAMASKAR - AS I SUGGESTED A NUMBER OF TIMES, PLEASE ARRANGE THE FOLLOWING : 1. SPLIT-UP THE FACE VALUE OF ALL PSB SHARES TO Rs.2/- IMMEDIATELY. THESE SHARES WILL GET SCATTERRED. EVEN " AAM AADMI CAN AFFORD TO BUY ".THEN DIVEST GOVT. HOLDING TO BRING DOWN TO 52% OF GOVT. STAKE ( as Mr.Jayant Sinha recently told ). MORE MONEY TO GOVT. & TO PUBLIC. 2. AGAIN SPLIT-UP, FACE-VALUE OF THESE PSBs TO Re.1/- AFTER ONE YEAR OF DIVESTMENT. NOW MORE MONEY / PROFIT TO " AAM AADMI " & MORE REVENUE TO GOVT. IN THE FORM OF SHARE TRANSACTION-TAX, CESS, etc. 3. PLS MERGE 4 TO 6 BANKS TO A SINGLE BANK. 4. THEN, THESE PSBs ARE ANSWERABLE TO 48% OF PUBLIC & TO CRORES OF " AAM AADMIs ". 5. PLS ISSUE AROUND 60 TO 120 BANK LICENCES ( espec-ially to local / State-wise NBFCs ). EACH STATE BASED 2 NBFCs TO BE GIVEN LICENCE. ALSO, 2 REGIONAL / NATIONAL NBFCs TO BE GIVEN LICENCE. 6. THEN, THERE WILL BE COMPETITION & PSBs WILL WORK EFFICIENTLY ( just like BSNL, AIRTEL, VODAFONE, etc.). EVEN, THE FREQUENT STRIKES OF BANK EMPLOYEES' UNION CAN BE EFFICIENTLY HANDLED. Thanks, Shanmuganathan B / 98948-66843. COIMBATORE ( TN ).