Sɥɹɐʌɐu

Banker by Profession. Views are personal. Likes & RT are not endorsements.

[Sɥɹɐʌɐu @SKGaripalli]

@bikash124218 @rodelhicentral @officialepfo

[Newton Bank Kumar @idesibanda]

Private Bank CEOs earn 20x more than Govt Bank CMDs… but then 'Armchair Economist' lectures. 😄

[Fundamental Investor ™ 🇮🇳 @FI_InvestIndia]

There are 10 Lakh Stray Dogs in Delhi. 3.5 Lakh Dog Lovers signed petitions against Court Order for Stray Dogs.

I propose each of these Citizens to adopt 3 Stray Dogs, Vaccinate them, Keep them at their Home and Take care of them. Walk them. Love them in Action.

Simple. Effective 😀❤️ We will be thankful...

#FI

[Newton Bank Kumar @idesibanda]

Karnataka State sent 13,000 GST notice to Street Vendors based on UPI Transactions shows that how Massive Tax evasions in Un-Organized Sector while Salaried Class getting all the Tax Heat.

[Anirban chowdhury @VoyageBliss]

🚨 First major hotel chain enters Lakshadweep!

IHCL launches Bangaram SeleQtions 🌴
Introductory offer: ₹12,500/night
June–Sept avg: ₹27K/night incl. breakfast 🍳
Suites? ₹50K and up 💸

Looks like Lakshadweep just got a lot more luxurious 😍
#Lakshadweep #SeleQtions #LuxuryTravel #IHCL

[Newton Bank Kumar @idesibanda]

@AshwiniVaishnaw Why you pushing ATMs in Railways, rather ensure Tickets, Seats, timing and Food in railways.

[Alankrit Shukla @alashshukla]

Hi @raghav_chadha,

Today you have raised various issues regarding banks and employees.
Can you please tell me how many branches you have visited, how many unions or bankers you have connected with before saying all that?

Ya 1990 ke issues & WA forwards hi uthaane the aapko?

[Ankush Gulab Ghate @Ankyghate]

14. Gold loan growth has surged by 68% from April 2024 to December 2024 (M9FY25), proving that even today, people prefer banks over moneylenders during financial need.

15. A survey conducted during the Delhi elections showed that 55% of Delhi’s population is unhappy with the Aam Aadmi Party, which was also reflected in the election results. Hence, your claim that people are unhappy with public sector banks is misleading.

16. Mis-selling and cross-selling have been issues raised by bankers themselves, and they have already brought their concerns before the government. No banker willingly sells insurance, yet policy decisions compel them to do so.

Sir, such statements from you indicate a lack of firsthand experience with banking services. A person who prefers going abroad for a minor eye surgery might not have stepped into a bank since the 1980s.

Your remarks mislead the public, create unnecessary distrust, and damage the image of public sector banks. You should publicly apologize for spreading misinformation and attempting to defame institutions that serve the nation selflessly.

Regards,
A PSB Banker

@INCIndia
@AamAadmiParty
@SanjayAzadSln
@IYC
@yuvahallabol @aiboc_in @nsitharamanoffc @nsitharaman

[Ankush Gulab Ghate @Ankyghate]

To,
Shri Raghav Chadha Ji,
@raghav_chadha

Subject: Response to Your Recent Remarks on Public Sector Banks

Respected Sir,

This letter is in response to your recent video regarding public sector banks, where certain statements made by you appear misleading and do not reflect the true contributions of these institutions.

1. You mentioned that a bank's name is synonymous with "vishwas" (trust). Indeed, the trust of the people in the Indian banking system has been strong since 1770 when the Bank of Hindustan was established.

2. Over the last decade, 53 crore Jan Dhan accounts have been opened, with 29 crore beneficiaries being women—a number greater than the population of the European Union and nearly equal to that of the U.S. This alone is a testament to the growing trust of the common people in banking services.

3. Across the world, people need to take leave to visit banks for work. This is not limited to banking but applies to various government offices, including Mohalla Clinics under your governance, where even for minor treatments like a headache, people had to take leave. Despite this, no corrective measures were introduced by your government. Meanwhile, public sector banks have evolved, providing digital passbooks, self-passbook printing, WhatsApp banking, mobile banking, and internet banking, enabling customers to complete banking tasks from home.

4. Perhaps you are unaware that 98% of metro, urban, and semi-urban bank branches are now air-conditioned, and rural branches are also equipped with the best possible facilities. The claim that customers must move from counter to counter is misleading. If a customer approaches the wrong counter, it is the duty of the bank staff to guide them—just as ministries guide citizens when they mistakenly approach them with unrelated issues.

5. Regarding your comment on lunch breaks, every individual born on this planet needs food to survive. Lunch breaks are limited to just 30 minutes, and bankers pay for their own meals—they do not rely on taxpayer-funded subsidies.

6. 500 million UPI transactions occur daily, with a major portion processed by public sector banks. In September 2024 alone, UPI processed 15 billion transactions worth ₹20.64 trillion. You mentioned that even a golgappa vendor accepts UPI while government banks struggle, but UPI itself is largely facilitated by public sector banks.

7. Between April and July 2024, UPI transactions amounted to ₹80 lakh crore, making India the highest in digital transactions worldwide, surpassing platforms like Alipay and PayPal.

8. As per 2019 data, 33% of public sector bank branches are in rural areas, whereas private sector banks have only 21%. This highlights the commitment of PSBs to financial inclusion.

9. You blamed banks for electricity cuts, which makes no sense. However, under your governance in Punjab, a major surgery had to be stopped due to a power failure in a government hospital. This reflects administrative failure, not a banking issue.

10. Cyber fraud awareness is a government responsibility, and it is unfortunate that politicians like you have failed to ensure financial literacy among citizens.

11. You claimed data leaks occur in banks, but this is misleading. Customer data in banking is fully secured. However, as per recent news, The United Residents Joint Action (URJA) Forum accused the Aam Aadmi Party (AAP) of unauthorized data collection under the guise of the Sanjeevani Yojana, a healthcare scheme for senior citizens. So, if anyone needs to answer for data misuse, it is your own party.

12. Bank service charges exist because no service is free anywhere in the world. However, alternatives exist.

Jan Dhan accounts have no minimum balance requirement.

Customers can withdraw cash from bank branches instead of ATMs.

Digital account statements are free of cost.

13. The claim that loans are forcibly given is baseless. Loans are provided based on necessity and eligibility, not forcefully imposed on customers.

[Nishant Kumar @nishkumar1977]

Off late I've been seen many people saying that markets will not give any returns for the next 2 years. I call it parroting. 20% ideas are original 80% are parroted. Such ideas spread like wildfire even if there is no basis to it. Parroting is a common phenomenon in trading parlance where one analyst will say something and the rest will just mimic that stand. And that's a very dangerous thing!!

[Sumanta Mandal @SumantaTF]

In India, no bank operates ethically, and ICICI Bank is a prime example.

First, they launched the Emeralde Private Metal Credit Card with a reward points redemption option as cash conversion at a rate of 1 reward point = ₹1. But within just a month, they reduced the rate.

Similarly, they launched the iShop portal, initially allowing unlimited purchases of Amazon and other vouchers. However, within a month, they imposed a purchase limit.

Clearly, they intentionally offered higher reward redemption options and higher voucher purchase limits just to sell more credit cards. And once they reached their target, they devalued the benefits.

Customers who paid annual card fees just a few days ago are now at a loss.

Is this ethical behavior from ICICI Bank from any perspective?

Those who speak about ethics when customers exploit loopholes should speak up now. File complaints against ICICI Bank so that RBI takes note and imposes guidelines against mid-term product devaluation.

[Sɥɹɐʌɐu @SKGaripalli]

@ccg33k Gone now

[Credofly @credofly]

At Rs 50 lakh income your effective tax rate is just 21.6%

Stop cribbing about 30% tax and no benefits

[vipul @vipul__p]

@monikahalan My neighbors in my village runs a rice mills, lacs of revenue per month, never filed ITR. Another one runs pvt hospital, built multicrore properties. Never filed ITR (his own admission). 🤷‍♂️
Tier 2/3 towns are filled with such businesses, no way Tax authorities reaching there.

[Sɥɹɐʌɐu @SKGaripalli]

@SanchetiUjjwal @ProfessorCardz @HDFCBank_Cares In the same boat

[Sɥɹɐʌɐu @SKGaripalli]

@DealsDhamaka BRPL, May-20, Flipkart - 3088

[Sɥɹɐʌɐu @SKGaripalli]

@yskanth Cash Handling incurs huge expense to the bank.

They had to pass it onto customers after a certain limit.

[Sɥɹɐʌɐu @SKGaripalli]

@jashan_01234 @NavleenSpeaks @Adityakrsaha Pls share

[Sɥɹɐʌɐu @SKGaripalli]

@banarasi_am @dipanjan26 @ParthaBarman @SameerK95044261 @RailMinIndia @AshwiniVaishnaw But anyone compelled u to book WL 🤔

[Sɥɹɐʌɐu @SKGaripalli]

@nirupamakotekar బుర్ర లేకుండా కామెంట్స్ చేస్తున్నారు చాలా మంది.

అక్కడ hygiene గురించి ఉంది. అందరి లాలాజలం అంతా కలిసిపోయి తినేస్తారు మండి లో.

అదే మంచిదే అంటారు అంతా ఐతే 🤔🤣