Rs.20,00,000 Cr, 40% to 50% Corporate Loans Frauds
August31, 2015 (C) Ravinder Singh progressindia008@yahoo.com
Banking is MOST CRITICAL service in Economic Progress of A Nation – collecting money from all the people and deploying it for Creating Globally Competitive Industry & Services, Creating JOBS, Earning Dividend & Interest to Depositors.
Credit Suisse provides all the services to Depositors, Investors/Shareholders and Advance Loans to Industry, Manage Public Assets, Create Wealth for Depositors & Industry, Maximize Tax Collection, Creating SMARTER, INVENTING and Globally Competitive Companies etc.
Banking in India is most CORRUPTED – ZERO INTELLIGENT. Banks let public money go to FRAUD CORPORATE who take the Bank Loans for One Project say Petroleum Sector and Divert it to say 103 Subsidiaries and MINIMIZE Dividend, Interests, payments and Returns to Shareholders.
Banks in India Has NO Policy to RECOVER PUBLIC MONEY ADVANCED TO CORPORATE WHO GET ALMOST 100% PROJECTS FUNDED BY BANKS – NO IPOs Of Fixed Deposits.
Chinese Banks FUND INVENTING COMPANIES & Production Lines – China consumes 40% to 50% of Global Natural Resources, Produces 30% to 80% of Manufactured Goods in Most Sectors. Indian Corporate Specialize in Imports, Sell Made in China Goods With Their Stickers, Produce 80% Goods Meant for SMEs or FARMER Industries – Corporate Specialize in CHEATING Consumers. MSMEs GET JUST $80B AS BANK FINANCE.
In a short space of time, the People’s Republic of China has quickly advanced to become the world’s second-largest national economy and is even already the world’s number one exporter. China’s currency, the renminbi, ranks among the ten most frequently traded currencies worldwide, occupying seventh place, one notch ahead of the Swiss franc. Today China’s economy is a world leader in the high-tech sector. China, for instance, manufactures more than half of all solar panels and wind turbines installed worldwide. Chinese enterprises have grown strongly in areas such as electrical engineering, medical technology and electronics. China’s share of world gross domestic product currently stands at around 16%, more than two times higher than at the start of the new millennium. [Attached pdf of Page – 5]
https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=34600
Statement 1: Deployment of Gross Bank Credit by Major Sectors Rs. Billions
|
|
Sectors |
Jun.27, 2014 |
Mar.20, 2015 |
Jun.26, 2015 |
26-06-2015/ 27-06-2014 % |
26-06-2015/ 20-03-2015 % |
|
I |
Gross Bank Credit (II + III) |
57170 |
61023 |
61756 |
8.0 |
1.2 |
|
II |
Food Credit |
1158 |
994 |
1042 |
-10.0 |
4.9 |
|
III |
Non-food Credit (1 to 4) |
56012 |
60030 |
60714 |
8.4 |
1.1 |
|
1 |
Agriculture & Allied |
7150 |
7659 |
7946 |
11.1 |
3.8 |
|
2 |
Industry (MSME & Large ) |
25094 |
26576 |
26301 |
4.8 |
-1.0 |
|
2.1 |
Micro & Small |
3529 |
3800 |
3740 |
6.0 |
-1.6 |
|
2.2 |
Medium |
1235 |
1265 |
1204 |
-2.5 |
-4.8 |
|
2.3 |
Large |
20331 |
21511 |
21357 |
5.0 |
-0.7 |
|
3 |
Services |
13402 |
14131 |
14331 |
6.9 |
1.4 |
Ravinder Singh, Inventor & Consultant, INNOVATIVE TECHNOLOGIES AND PROJECTS
Y-77, Hauz Khas, New Delhi-110016, India. Ph; 091- 9718280435, 9910693464
Ravinder Singh* is a WIPO awarded inventor specializing in Power, Transportation,
Smart Cities, Water, Energy Saving, Agriculture, Manufacturing, Technologies and Projects
Sagar Media Inc 