SBI will become BSNL/MTNL – Thanks to Modi – Demonetisation – 09

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• published: 23 Dec 2016
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New Delhi. Yes it will. The largest bank of our country i.e. state bank of India will soon become a white elephant to our system. It cannot survive. It will not survive. Just like any other public sector institutions BSNL or MTNL or Air India etc.….it will soon become big liability on the common tax payer of this country. Its not about SBI alone, whether its is Bank of Baroda, Allahabad Bank or any other Nationalize bank. All banks will have the same fate. You and I cannot stop it. The process was already started by prime minister Narendra Modi. Demonetisation, actually put this whole process on the fast mode. And promoting cashless economy is the last nail in the coffin of public sector banks. Whole story started way back on September 23rd, 2013, when Reserve Bank of India constituted a committee headed by former Bank’s center board member Dr. Nachiket More. Work was given to submit a report in three months that how financial services can be provided to the small businesses and low income household of this country. Dr. More submitted its report on December 31, 2013. Among other recommendations, one of the most important was to established payment banks, whom key service would be providing payment and deposit service to small businesses and low income household. After submitting this report, five months later prime minister Narendra Modi came into the power. Alleged his core associates and vested interested businessmen sat on the same table and whole plan was decided. Alleged according to plan on August 19, 2015 RBI issued 11 payment banks license to companies. Among them three return their licenses. Rest of the companies were Airtel money, Reliance, Idea (Aditya Birla), Vodafone, paytm etc. https://rbi.org.in/scripts/bs_pressreleasedisplay.aspx?prid=34754 And what Airtel money is offering for opening a saving account in their payment banks is 7.25% with 1 lakh insurance including other facilities. Airtel money got started in Rajasthan after prime minister Narendra Modi BIG demonetization announcement. Our nationalize bank offer 4% on saving bank. I am leaving it on you, that where will common man go at 7.25% or at 4 %. Actually prime minister Narendra Modi put a mask on his face of black money, Pakistan, Terrorism, corruption and in reality allegedly he and his core team indulging in to demolish the banking system of our country. To take over the whole financial sector of our country which is run by 90 to 100 cr people of this country to 5 to 6 people or companies. Buddies it’s a very-very big game.Think over it.