A Comment on increase in limits of cash draws by RBI

My Comment on an article "RBI raises ATM withdrawal limit to Rs.10,000 per day from current Rs.4,500" published in the economictimes.com Dated 17/01/2017.

"I think Rs.10,000 is enough for total cash transactions in a month. 

If you are allowing Rs.24,000 per week it is weird. It could be Rs.24,000 per a whole month at the best. 

We want digitalization and then allowing excessive cash outflow is not a good step. Our government or RBI shouldn't increase any more extra limits for cash draws either from ATM or from the banks for normal transactions. 

Only small traders can be allowed to draw more cash to disburse wages. Not otherwise." 

Read more at this article on Economictimes.com

A Comment on mobs locking up Bankers due to non-availability of cash

My Comment on an article "Demonetisation: Mobs lock up Bankers as payday turns pain day for India" published in the economictimes.com Dated 30/11/2016.


"A suitable alternative app (e-wallet) should be designed to suit all types of people like the common man, the daily wage earner, the vegetable vendor, pan shop and every low-level category of people. 

People should be able to pay everything through this type of app and each vendor should have that app for receiving the payments, even the smallest payments of Rs.10 or Rs. 5 also. Then only this problem can be solved."

A Comment on FM lamenting at higher interest rates provided by Banks on savings schemes

My Comment on an article "Finance Minister Arun Jaitley questions high-interest rates on savings" published in the economictimes.com Dated 10/07/2016 at 12:50 pm.


"There is no doubt that progress of our economy as a whole is more important. 

But lending should consider it a top priority to provide assistance to small businesses and middle class/ poorer sections of the economy at reasonable rates. 

Other institutions and industries earning huge profits can be charged at higher interest rates. You can procure funds through these means and through the proper collection of Taxes that are being evaded by many people."

A Comment on rethinking of the lending system by Banks

My Comment on an article "Time for rethink! Here's why PPF, Small savings rates cut a good move for Banks" published in the economictimes.com Dated 20/03/2016 at 10:30 pm.


"Yes, definitely it is time for rethink by banks and financial institutions.

There should be a preferential lending rate according to the type of loans offered by banks. 

Housing loans should be cheaper as shelter is the most important necessity of human being. Educational loans and agricultural loans should also be offered at cheap rates. 

But many other loans like credit cards, personal loans,financial loans to businesses can be made expensive in most cases. Banks can fill their deficits in this way.

Banks should review their lending system and be more friendly towards common man than business people and rich class people."

A Comment on setting up more banks/branches

My Comment on an article "Setting up banks in the Finance Minister's home turf a sticky business?" published in the Economic Times Dated 26/07/2014 at 3:15 pm. 


"Opening branches of banks should be basically based on the requirements of the place and to suit the convenience of customers. 

If there are already sufficient branches of two or more banks catering to the needs, there is no point in opening another branch by a different bank. 

Instead, you can open ATMs at lesser distances to make them feel comfortable."

A Comment on Banks flocking Sivaganga in Tamil Nadu

My comment on an article "Banks flock P.Chidambaram's Sivaganga in Tamil Nadu" published in the Economic Times dated 15/01/2014 at 11:14 am.



"It is good to open more and more Banks, branches and ATMs. But there should be no favouritism or partiality. They should be equally distributed all over India based on population and needs of customers. There should be one branch at each kilometre and one ATM at every half km to serve customers."

A Comment on grading of Banks to foster services

My Comment on an article titled "Soon Banks will be graded- good, bad or ugly by a new regulator" published in the Economic Times dated 25/12/2013 at 2:05 pm.


A very good step being taken by RBI. 

Now customers can differentiate between Banks and their services in a better way by referring to the grades issued to the banks. 

Banks will from now on try to be efficient and offer better treatment to customers to retain them or to attract fresh customers.

A Comment on reason for Banks in cutting Home loan rates

My Comment on an article "What Prompts Banks to Cut Home loan rates" published in Economic Times dated 23/12/2013 at 3:10 pm.


Inflation has its influence on realty business. 

Realtors should offer a small discount to boost their business. Mere interest rates can not increase the demand largely. A small incentive by realtor can draw much customers towards him.

A Comment on Installation Of Aadhaar enabled ATMs & Sale Points

My Comment on an article regarding RBI's instructions to Banks to accommodate ATMs and Sale Terminals with Aadhar linked machinery published in Economic Times dated 12/12/2013.

You: Aadhar card is a good device. But simply to bring it into use, you can not waste crores of money in installing new ATMs and Sale points. It is a kind of wastage of public funds thereby increasing CAD. Our budgets are already running into thousands of crores deficit. So do not increase that deficit by imposing extra burdens.

A Comment on Govt. Banks Writing Off Debts of Rs.15,000 crore Annually

	Your comment on the article ''Govt banks write off Rs 15,000 crore bad debts annually'' is now displayed on timesofindia.com Dated 13/05/2013 at 10:55 pm.
	''Very disastrous condition. This burden ultimately results in deficit financing, borrowings, inflation, price rises and additional burden on common man.  Banks should finance corporations very cautiously and prudently to avoid all this.''
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