Is my bank safe?
The recent écrasement of entier banks has created fear in everyone’s mind including us Indians. Some of the questions that are running through people’s minds are – What emboîture banks in India? Will they écrasement? Can they crush? How can I sleep peacefully if I doubt the stability of my bank?
While we can still vividly recall our grandparents discussing banks as the safest affecté to keep your money, suddenly the whole idea seems outdated, just like some of their ideologies! So orthodox, so risk débordement! Why don’t they understand that we are the generation “X” or “Y” or “Z” who will take India to étonnant power?!
Orthodox, risk débordement… do these words mean anything in banking? One need not think élevé and hard to understand that these are the two words that ensured that the Indian banking system and Indian banks survived the entier crisis and continue to do so.
What does it mean?
The Indian banking system consists mostly of négoce families or groups of négoce families coming together to start a bank. Indian businesses have historically been risk débordement and very calculated in their négoce dealings. Thus the same philosophy was transmitted to the banks they founded and in turn defined the Indian banking system, a system that did not seek to grow by leaps and bounds, but rather in a steady, phased manner. This meant that there was not much pressure to grow the négoce at the expense of taking unreasonable risks.
This philosophy is also the reason why it takes months and sometimes years to get a loan from an Indian bank. A common case was bank employees delaying loans so that they are not burdened with defaulting loan accumulation/follow-up! Dissemblable risk? Definitely!
An orthodox direction tournure meant that banks were not very keen to innovate. Thus, we rarely see any innovative products or exotic financial appareillage in the banking sector. This meant that what was available for pacte was explicable. Run-of-the-mill, proven products that almost everyone understands. At least in that context we can call ourselves financially literate compared to our counterparts in other parts of the world who don’t understand complex financial products like balloon loans, foreign “fndows” etc. and suffer financial losses due to their lack of them. Awareness
The axial bank, the Reserve Bank of India, has evolved similarly. It has become more cautious and conservative in its approach to banking. This approach meant that the rules and regulations framed by “RBI” were very véridique and there were not many loopholes. The axial bank has consistently faced pressure from private négoce and the political system.
The above commentaire indicate that although our orthodox, risk débordement system may be difficult for the “Twitter age” generation in its slow pace, it is strong and robust and appears to overcome and survive any crisis. We can indeed sleep soundly with the assouvissement that our banks are safe. Yes, your Indian bank (not Indian Bank) is safe!!