Ensure loan recovery

The Yes Bank crisis is an implicit signal that the NPA crisis is still brewing for Indian banks. People in India believe in savings. They want their hard-earned money to be secure. For this, they trust the banks. Therefore, despite the lower rates of interest, they opt for banks to invest. Suddenly, the safety of bank deposits has become an issue. The recent crises with PMC Bank and Yes Bank have shaken the faith of people. The government must take stock of the situation. Regulatory laws need to be tightened to ensure the recovery of bad loans. It is important not only to restore people’s faith, but also to revive the already stressed economy.

K Kumar, Panchkula

Another crisis

Refer to the editorial ‘Trouble at Yes Bank’ (March 7); the account holders are in distress. The Finance Minister says that since 2017, the RBI has been monitoring and scrutinising the bank. There was wrong asset classification. A statement was also made blaming the UPA. A former FM, P Chidambaram, says he had tweeted many times, asking Nirmala Sitharaman to explain how the loan book jumped in five years from Rs 55,633 crore to Rs 2,41,499 crore. Earlier, PMC Bank faced similar problems in Maharashtra. Depositors stood in long queues to withdraw their money. We have faced such situations during notebandi. A dreadful time!

M Lal Garg, Chandigarh

Banks, too, unsafe

Another crisis in private banks, this time in Yes Bank, shows the failure of proper maintenance and administration of the economic pillars. This poses a great threat and fear among the depositors. Sudden strict measures by the RBI come in the way of the needs of the depositors. It is said banks are the safest place for parking our savings, but these kind of scams belie this sentiment.

Harshita, Yamunanagar

Difficult for depositors

One can understand if moratorium is put on withdrawals from big fixed deposits for a short time, but such a restriction on savings and current accounts is not only wrong, but also amounts to harassment. It also shows insensitivity and lack of understanding of the problems faced by the common man. In both these accounts, money is deposited for day-to-day needs. For example, if salary is sent to savings account, how can one keep his/her expenses within Rs 50,000 if, say, the tuition fee of a child must be paid. The provision of Rs 5 lakh for special events like wedding or an illness is only on paper. When you approach the bank, they say that they are awaiting guidelines.

Neela Sood, chandigarh

AAP shows the way

Refer to ‘No fresh taxes proposed, HP Budget gives top priority to edu, connectivity’ (March 7); after the Delhi elections, the budget presented in three states has given more emphasis to education and health. It is clear that these state governments are implementing the Delhi model, and not the Gujarat model. The AAP government in Delhi fought elections in the name of education, health, electricity and water, and won. Now, perhaps even other state governments have understood that the people will vote for development and not just the campaigner. It has become clear from the Delhi elections that young voters need only development.

Narayan Hari, Chandigarh

Himachal Budget

It is good to see that the Budget presented by the Himachal Government mainly focuses on the shaky education system, with maximum investment in it. The second area of priority is road construction, and then, healthcare. All in all, the Budget presented this year aims to support the weaker sections and to bring about a substantial change in the prevailing system.

Ambika Adhikari, Panchkula

More to racket

Refer to ‘40L tablets worth Rs 4 cr seized in Barnala, 4 held’ (March 7); how can we believe that suppliers are not paying money to the politicians? This racket proves that intoxicant tablets in such large numbers are being transported easily. The deteriorating drug scene in Punjab should be a major concern for even the Centre. This scourge is destroying the state’s youth.

Nikita Bhati, Rajasthan

Essence of a woman

International Women’s Day is not just another day. It is an opportunity to appreciate the remarkable contribution of women to society. On this day, we must extol and eulogise women who are the essence of our lives. Today, they are at top positions in various fields and also contribute to running the family. Women are serving the country on a par with men. They are heading some countries too. All societies must ensure women’s safety. It is a day to inspire women and promote the cause of social equality.

Harpreet Sandhu, Ludhiana

Letters to the Editor, typed in double space, should not exceed the 200-word limit. These should be cogently written and can be sent by e-mail to: Letters@tribunemail.com