Public Sector Banks – fight the disease, not merely the symptoms

A lot of noise is being made of a businessman being given questionable loans. Is this the first such case? Or is it going to be the last such one?

The basic problem is that netas can always influence public sector banks to give loans that no one else will give. That is why netas will keep these banks going, even when they are inefficient. The bank staff are not inefficient; it is the leaches that bleed off the banks that make them weak.

The solution seems to be partly in bank staff serving as whistle blowers – protecting public interest by alerting the media in early stages of scams.

It is partly in the public taking their deposits out of public sector banks. It is also in selling off shares in these banks. We need to vote the only effective way we can vote – vote with our feet!