I recognize such things when I was child Ahmedabad district co-operation bank LTD given 10% fixed deposit rate. And even deposit made double after five years and at that time RBI had full reserve fund and no more variations in international market currency rate against rupees. This about 90s period.
Than after and during 1995 onwards, we can say after harshad Mehta scame and RBI reserve fund used by chandra shekhar ministry, still any type of RBI so called reserve fund not recovered by any government and received recently new massage that modi government need to use another reserve funds of RBI again and henceforth, the governor of RBI urjit Patel resigned and releaved from job. And during manmohan sing ministry, rupees down gradation happened politely, but unknown to so many people....
But after few years of 1995 to 2000 all of sudden people getting interest in loan system and according RBI changed repo rate and reverse repo rate. We are still facing problem related to international standard rate or rupees against dollars and pounds and euro currency...in exchange mode mostly rupees at lower level since long...
India's few bank made merger, like Vijaya Bank, dena bank and bank of Baroda merged. They getting benefit probably personally as bank capital amount clubed and merged against loans and it's recovery by them.
As per the merger they could changed fixed deposit rate too. I personally observe such other bank fixed deposit rate but not getting similarly rate. But not increase and still lower...
RBI why not getting command on same as superior are still questions. Need to recover higher loan amount from all kind hidden source.
Why government in need to liquidate the RBI reserve fund regular base?
Indian government need to reduce expensive expenses what ever used several times in function and on very lower famous scheam ... Or need to reduce debt of India what ever taken from world's country or world bank...
Government needs to maintaining own assets too as according...
Few strict decision need to develop and apply for the best government... for best India's civilian job or service seriously...
Only for winning elections no need to develop other story for Indian people. If likes malya, mehul, nirav all are will be looked minor if getting focus on base material of own source...
Jigar Mehta / Jaigishya
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