Market crashed. Only bank effect. Old and present days matter…
This is happening since past few years… more than 21 years…
“How” is a silly question…
So many companies are available in India… And their sub or dummy companies also available since long for maintaining owner’s private income…
When profit not done by original company that time need to remove own wrong profit balance sheet, they maintain only capital company…and demolition made for dummy companies…
That Time dummy or sub companies loan granted by banks but due to non profit, they manage as defaulters…
So many defaulters are raised in 10 years but same moment owner maintained his own profit by made home, purchase cars or invest in own steady assets for own family members… But loan not paid by him… means owner..to bank…
This way Opened dummy companies abolishing names so dummy funds used in original companies capital for maintaining original financial balance sheets.
These are odds but true…once I seen and sharing present day personal experience…
one managing director saving for his own home people without increasing his own employees salary… even Dena Bank made hypothecation with his company but due to invest in personal assets he couldn’t pay loan amount to bank…
This is short but when made at nation wide… So many banks are involved in other companies loan sanction sectors and after defaulters non profit section closed by the owner… Bank lost its own capital…
Henceforth, nationalised banks need MERGER…
This way bank maintaining its own capital alongwith incresed standard of capital by merging way…but still they are not increase rate of interest on customeres fixed deposit or current account or money where they invest for interest as on belief that government sectors is good and safe for our own money …
And government also taking benefits of same situation by not increasing rate of interest, this way they maintain or raised other lower government or semi government sectors…in at least running ways theory…
Even they made fullish people by taking money from RBI…this is India…
the people of India investing their money in stock exchange but the market crashed due to reasons mentioned here above… And even not making proper transaction and non set up criteria of internal state business policies and even Exim policies…
And thus, this way more than 21 + 8 = 29 lakh Karod money lapse in some other pocket…but more comedy done when though having pocket, feeling like pocket is torn by some how unknown reason…
Still I said proudly… That only BSE is not sometimes progressive growth sectors for nation, when other things available…either that are privet or government sectors on either profitable or nonprofitable…
Jay Hind
Jay Gurudev Dattatreya
Jigar Mehta / Jaigishya
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