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BankersUnited@Official Profile picture
@Bankers_United
May 17, 2020 • 3 tweets • 2 min read • Read on X
PSBs making sustainable operating Profit Year by Year but it was all eaten by Provisions held against Bad Loans (NPA).
Against operating profit of ₹150149 Crore, PSBs had made provisions of ₹286004!
More that 70% of thise Bad loans were of Corporates
#BankNirbharBharat Image
Out of ₹641055 Crore NPA in PSBs, almost 73.33% ₹470084 Crore was of Industrialist/Corporates, most loans were sanctioned by Bank Boards which later written off or Waived, left Tax Payers in bewilderment to keep their money is Banks!!
#BankNirbharBharat Image
2009-10 - 25352 Crore
2010-11- 23895 Crore
2011-12- 20752 Cr
2012-13- 32992 Cr
2013-14- 42235 Cr
2014-15- 58786 Cr
2015-16- 70413 cr
2016-17- 108374 Cr
2017-18- 161328 Cr
2018-19- 156702 Cr
Bad loans worth ₹675477 Crore were written of by Banks !
#BankNirbharBharat Image

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More from @Bankers_United

BankersUnited@Official Profile picture
Sep 24, 2020
As many of you may be aware that Centre drafted the rules for ""Minimum Wage Code Bill 2019" which was passed in RS on 2.8.2019. Lok Sabha passed bill on 30.7.2019. Lets try to understand what happened in it for Bankers & how IBA & UFBU made us fool
thehindu.com/news/national/…
On 7th July 2020 eGazette was published for "Code on Wages Bill, 2019" which seeks to amend & consolidate laws relating to wages, bonus & matters connected therewith.

✔The Code subsumeed,
✔Min Wages Act
✔Payment of Wages Act
Payment of Bonus Act &
✔Equal Remuneration Act.
Now coming the interesting part, in the middle of worldwide pandemic & more than 6 Month's hibernation, Indian Bank association wake up & issued letter on 10th July ( Just 3Days later) for "Wage Negotiations Meeting" on 22nd July. Coincidence???? Apparently not!! Stay tuned;
Read 14 tweets
BankersUnited@Official Profile picture
Sep 8, 2020
Thread on PSUs

Total paid up capital in all CPSEs as on 18-19 stood at ₹2,75,697 Cr as compared to ₹2,53,977 Cr 17-18 (339 CPSEs), showing a growth of 8.55%. Total Fin Investment in all CPSEs stood at ₹16,40,628 Cr as on 31.3.19 as compared to ₹14,31,008 Cr as on 31.3.18
Capital Employed in CPSEs stood at ₹26,33,956 crore as on 31.3.2018 as compared to ₹23,57,913 crore as on 31.3.18 showing a growth of 11.71%. Total gross revenue from CPSEs during 2018-19 stood at ₹25,43,370 Cr as compared to ₹21,54,774 Cr in 17-18.
#GarbageChetanBhagat
Total income of all CPSEs during 2018-19 stood at ₹24,40,748 Cr as compared to ₹20, 32,001 Cr in 2017-18, showing 20,12% growth. Profit of CPSEs (178 CPSEs) stood at ₹1,74,587 Cr during 2018-19 as compared to ₹1,55,931 Cr in 2017-18 showing 11.96% growth
#GarbageChetanBhagat
Read 12 tweets
BankersUnited@Official Profile picture
Sep 6, 2020
During the Global Meltdown India performed well compare to many developed countries like UK/US just because of that potential liquidity in system increased by Rs.5.6 trillion or 9.5 percent of the GDP. Average of daily Call money rates under impact of reduction in CRR Image
& Repo Rate declined from 9.9 percent in October-08 to 3.17 in May-2008. Although RBI increased liquidity significantly, the utilization of liquidity by banking system was limited because of the low credit demand from the Market &
#StopPrivatization
#BJPkilledPSUs
Defensive approach of mostly Nationalized Banks to lend money during recession makes Indian financial sector emerged with dismal damage all because of then Strong regularity framework of RBI. Bt since present Govt is adamant at policy level future seems Uncertain!!
#BJPkilledPSUs
Read 4 tweets
BankersUnited@Official Profile picture
Aug 22, 2020
In six years to 2019-20, 10 states have announced farm loan waivers totaling Rs 2.4 lakh crore--which amounts to four times the 2019-20 budget for the Rural Jobs Programme or 9% of the 2019-20 Union budget--as per a Sep 2019 report on Agri credit by RBI.
#PvtLtdSarkar
#SaveIDBI
In these 6 years, 2017-18 saw most waivers, reaching 12% of gross fiscal deficit (total Exp in excess of income) 7States- Andhra Pradesh, Telangana,Tamil Nadu, Maharashtra, UP, Punjab & Karnataka. Altogether, they provided nearly ₹49K Cr budgets for loan waivers during 17-18. Image
Surprisingly 2017-18 happenes to be the year for various state assembly elections also & Parties used debt waiver as Vote Bank Tools
Andhra Pradesh- 4/2019
Telangana- 12/2018
Tamilnadu - 6/2016
Uttar Pradesh- 2/2017
Punjab - 2/2017
Karnaraka- 5/2018
Maharashtra- 10/2019
#SaveIDBI
Read 11 tweets
BankersUnited@Official Profile picture
Jul 21, 2020
11thBPS Events till today
✔3 Reminders (in 2016)from @DFS_India
✔Charter of Demand Submitted in May 2017
✔23 Rounds of meeting with Full Negotiation Committee
✔UFBU leader met Honourable @FinMinIndia on 21/3/18
✔First offer made by IBA on 5/5/18 (185Days Delay)

#NoMoreDelay
In 20 Month of Shameless Percentage game started from 2%, then further improved to 6%, then 8% then 10% & finally the latest offer (before march 2020 strike call) of 12.5% was made on 13.01.2020!! They turned Bankers Bipartite Settlements into a Bhindi Bazar!!!
#NoMoreDelay
✔Total 42 Rounds meeting have been done,
✔Half Dozen strikes have been called
✔3 massive Demonstration have been held at Delhi
✔Countless agitation programmes held nationwide

Still @DFS_India unable to Resolve a very simple Wage Negotiation process for Bankers??
#NoMoreDelay
Read 4 tweets
BankersUnited@Official Profile picture
Jul 12, 2020
Last meeting held for #11thBPS Demands

1st- 20% Hike
IBA- Not possible due to low profitability,only 12.25% Increase (2% On basic) & 2.74% of PLI(performance Linked pay)

2nd- 5 Days Banking
IBA- Denied clearly

3rd- Merger of Special allowance
IBA- Unaffordable due to load(??)
4th- Scrap NPS
IBA- Not possible at this stage as Unions have agreed upon to introduce NPS in Banks in 2010

5th- Updating of Pension
IBA- Not possible due to financial implications & affordability of the Banks hampered due to NPAs

6th- Family Pension
IBA- Matter is with Govt
7th- Staff welfare Fund allocation based on Operating profit (Presently its on NET Profit)
IBA- Matter is with Govt

8th- Exemption if Tax on Retrial benefits
IBA- Matter is not under their preview

9th- Uniform Definition of Banking hour
IBA- its Upto Banks and SLBCs
Read 4 tweets

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