Bank Staff May Deal With Chidambram In ShivGanga

It is well known that branches of public sector bank are available in every nook and corner of the country.Ten lac bank staff are on job who are well versed with local people and local needs .If bank staff decide to ensure defeat of any elected representative of the country, they can do so without much hard work.

If Bank staff want to clear the perception of  Mr. PC about bank staff , they can do in the constituency where from PC is elected, possibly Shivganga in Tamilnadu.If ten bank staff takes the responsibility of each polling booth , they can ensure complete rout of PC and removal of PC from public domain.

There are hundreds of bank's branches in Shivganga where from Mr. PC hails . Bank staff have at the instance of PC organized hundreds of Loan Disbursal Camps to please PC . And hundreds of crores of loans have been waived off. Still it is beyond doubt that majority of loans disbursed in the area are Non Performing Assets (NPA) or are in the category of stressed assets.

Bank staff working in that area should come forward with bitter truth of the area and expose how banks have are crazy and devoted themselves to please PC and what return they got in lieu of it.

Bank staff should tell the people of India the value of loans disbursed in the area and the value of bad assets (including NPA and almost NPA but hidden in the system).

Bank staff should make it clear how much of loan has been waived off and how much of bank fund  have been sacrificed during last ten years in the area. 

Bank staff should tell the people of India the details of loan disbursed to his friends and relatives and to firms and companies where the  PC is directly or indirectly associated with.They should make it loud and clear what portion of loan have been waived off during last decade at the instance of Finance Minister and how much profit has been lost due to misdirected advice and guidelines of FM and politicians of the country.


From 2004 to 2013, about Rs 900 crore has been disbursed as educational loans. About 50,000 students have benefited so far. Of the Rs 75,000-crore farm loans waived, Rs 70 crore was from Sivaganga and close to 35,000 families have benefited,"

Bank staff should tell the people of India how much FM Mr. PC has misused Public sector banks and how much loss has been caused to these banks by his vote bank politics. It should be made crystal clear to people of India that if PC like persons and politicians stop exploitation of banks and bank staff , there is no doubt that profit will rise to ten times what they earn profit now. 

If misuse of banks is stopped by politicians and banks are made fully free to decide their rates of interest, their loan policy and their independent decision on sanction of loans , decide their wage structure and so on.. I  am most confident that even if salary of staff is increased to ten times , bank will not suffer loss , rather profit will also rise to ten times. 

And bank staff will never ask for wage hike from PC who pleads that bank's entire profit cannot be spent on wage hike.

Banks flock P Chidambaram's Lok Sabha constituency Sivaganga in Tamil Nadu-Economic Times

CHENNAI/KOLKATA: More than 50 years ago, a group of Indians arrived in the deep south Indian town of Sivaganga in Tamil Nadu. Some of them had lost everything — money, wealth, even near and dear ones. These Indians, who had fled Burma (as it was then called) after the Japanese invasion in 1942 with almost nothing, reached the town traumatised after a hellish journey over treacherous mountain passes and thick jungles.

But, within a short span of time, they rebuilt their fortunes and helped industrialise a backward state. The resourcefulness of the Chettiar community and others who made this region their home, and their hair-rising adventures on the flight back home have became a part of folklore.

These days, Sivaganga is again a centre of attraction. But the people flocking to the town are not war refugees, but polished, urbane bankers. They come to open and staff bank branches, ATMs and perform numerous other functions public sector bankers are often called upon to do for the home constituency of the country's finance minister Palaniappan Chidambaram.

Before Sivaganga, most bankers' port of call was Jangipur in West Bengal — the constituency of former finance minister Pranab Mukherjee. As ministers come and go, the fate of a constituency oscillates like a pendulum.

Public sector banks have now dumped Jangipur, and are making a beeline for Chidambaram's Sivaganga. Apart from opening ATMs and branches, these banks hold credit camps with huge promotional spending as they fawn over the country's financial boss. It is another matter that lending through these camps have turned out to be the main source for NPAs. But few bankers will admit this publicly.

Reports from Chidambaram's local office suggest banks are going the extra mile to serve customers. An official at the office reels out statistics in favour of his leader. "Banks in the area have been a boon for local people. 

From 2004 to 2013, about Rs 900 crore has been disbursed as educational loans. About 50,000 students have benefited so far. Of the Rs 75,000-crore farm loans waived, Rs 70 crore was from Sivaganga and close to 35,000 families have benefited," he says.

 Karti Chidambaram, the 41-year-old son of P Chidambaram, is more blunt. "Mr P Chidambaram has been, and continues to be, a very proactive and conscientious MP (member of Parliament). His seven victories is a testament to his performance. As far as industrial development is concerned, the question should be posed to the two Dravidian parties that have continuously ruled TN (Tamil Nadu) for the last 46 years."

In the four years from 2009, Chidambaram has visited Sivaganga 95 times! The town has around 200 bank branches; many other similar localities are still struggling due to the lack of brick-and-mortar financial intervention. "Normally, banks chase growth centres. But in Jangipur or Sivaganga, it's the other way round. Opening so many bank branches led to some development with deployment of government subsidies and disbursement of loans," said former Uco Bank executive director Virendra Kumar Dhingra.

In the last three years, banks have reached nearly 74,000 villages across the country with a population of more than 2,000 to cater to a vast but hitherto unbanked population. About 10% of this is done through the brick-and-mortar channel and the rest by business correspondents.

 Typically, banks open branches in towns and business centres, and remote villages continue to suffer as private money lenders continue to rule. Bank customers in Raghunathganj in Jangipur, for instance, have never been so pampered before even though many villagers had lost their life savings to the Saradha chit fund scam. 

Bankers in this small town have been on their toes to offer the best services as holding back customers and getting new business is the biggest challenge they face in this fiercely competitive market where bank branches are perhaps more in numbers than grocery stores. But villagers in the interiors of Murshidabad continue to face almost the same ordeal like they faced many moons back. They still travel a long distance to reach a bank branch. Not many of them have heard about business correspondents.

Before 2004, Jangipur, too, was like Murshidabad and many other backward areas in the country with minimal social and physical infrastructure. It was also bereft of any special attention from the who's who in politics and business. It was one of the most financially excluded territories, with just about 20 bank branches for some 18-lakh people! That meant one branch per 90,000; RBI prescribes that no branch should entertain more than 10,000 customers.
http://articles.economictimes.indiatimes.com/2014-01-15/news/46224751_1_sivaganga-jangipur-finance-minister