Discrimination faced by Mumbaikars...

If the housing societies in Mumbai (Bombay) are only meant for families (married couples), then the government of Maharashtra should make marriage compulsory in the state/city.
Or else the government should tell its citizens where will Unmarried, Divorcees, Bachelors, Spinsters live in the city of skyscrapers or is Bombay only for those who have families.
This is one of the greatest mental blocks of Mumbaikars, who otherwise want to bask in the FALSE HALO of Cosmopolitanism.
This disease (of not giving apartments to Bachelors, Muslims, etc on rent) is specially prevalent in housing societies where the Gujaratis, Marathis and North Indians (to some extent) abound; while the rest of the population is more or less okay with the concept.
The government of Maharashtra should take this matter seriously and devise laws to eradicate this malice ASAP, so that BOMBAY (and its suburbs) becomes free of discrimination based on Marital Status, Religion, etc. Or else the Honourable Supreme Court of India should step in, and give directions to the state or central governments -- so that the fundamental rights of its citizens enshrined in the constitution of India is not violated.

Friday, July 05, 2013

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Banks bid to contain NPA in corporate accounts
INDORE: State Bank of India (SBI) has five non-performing asset (NPA) corporate accounts in Indore and Bhopal of the state. Large corporate accounts are normally valued at Rs 10 crore and above.

Mid corporate group of SBI has two branches in the state, one each at Indore and Bhopal. Talking to ToI, general manager and head of the group, Abhay Chaudhry who sits in Indore, said, "We have five corporate accounts in all three branches which have turned as NPA." He added, "Two out of five such NPA corporate accounts have already been referred to corporate debt restructuring (CDR) cell and one of them was likely to have its turnaround shortly." CDR normally restructures such NPA account by either reducing the interest rate or extending the repayment tenure. Chaudhry maintained that his bank was making all efforts to turn such NPA accounts to regular ones. Any bank loan, in case repayment does not start in three months, becomes NPA as per RBI norms. He hinted that his bank is working out ways to find out a solution in these accounts' case.

Bankers prefer revised provisioning norms to the CDR route. The reason being that the RBI has withdrawn facility for restructuring NPA accounts when referred to CDR for the second time. A banker of a leading PSU bank in Indore, on condition of anonymity, told ToI CDR used to give a protection to maintain the asset class under the standard category. However, we are no more interested in the route after the facility for second time restructuring through the cell was withdrawn from us.

State level bankers' committee (SLBC) convener in Madhya Pradesh,Umesh Singh, who is also state head of Central Bank of India, said, "Sectors like steel and power continue to be risk zone in the state. Even real estate sector is full of risks." Asked to comment on the Ambika Solvex case, whose account has already turned NPA, he said, "The consortium of lenders, including my bank, SBI and Dena Bank are under the process of taking action against the firm as per SARFAESI Act."

When contacted, Indian Overseas Bank CMD M Narendra said, "We are treating all kinds of loans, big or small, equally. We are trying to facilitate those NPA corporate accounts, which are otherwise our regular customers and finding out ways how to make regular those loans so as to make our balance sheet cleaner." It is also being done by ways like one time settlement, Nardendra added.