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Who do we bank on?

March 7, 2019


When I thought of writing on this, I didn’t mean to write on the bank scams, even though I was appalled at the way the perpetrators cocked a snook at the governmental agencies by refusing to cooperate with the investigations, saying they are in the middle of doing business or middle of massage or the older guy saying that he is in the middle of a CPR- cardiopulmonary resuscitation. There is one more guy, who says he won’t come back because the jails in our country are substandard? What does he want it to be- a 5 star hotel suite? It is another matter that we do have special cells for privileged crooks replete with library, air-conditioner, couple of cooks to cook food to your taste, a couple of masseurs, but the basic qualification would be that you should swindled a couple of thousands of crores (10 millions).  This is also not about them.

I learnt very early that it is good to have some connection in the bank. Way back, when there weren’t debit cards or ATMs or online transfers of money, we used to get our salary by Draft. There were fewer banks (Private Banks were non-existent) in a locality. Invariably the first week of the month was a very busy period at the bank, it would take half a day to fill out the pay-in slips and get the counterfoils stamped and signed. It would take a couple of days more for the Draft to be cleared and the money to be deposited in your account. It would take another half a day to write a withdrawal slip or a cheque, get a token, wait for your turn to withdraw money. Invariably, just when it is your turn the cashier will close the counter and go to the loo or for a coffee or for a smoke. This is when I realized that a lot of time is being spent in the bank. I made friends with one of the employees. He would collect the Draft, deposit it in your account and get your cheque/withdrawal slip encashed. I could collect the money at will, before the bank’s closing time. As a medical rep, most days I would have to start for work before the bank opens and will be back only after the bank’s transaction hours. All he asked for was a couple of paracetamol syrups for his daughter or a few bottles of cough syrups for his father as quid pro quo.  This is not about him either.

Today, the Enforcement Directorate had alleged that Chanda Kochhar and family, had gotten kickbacks to the tune of ₹500 crores and that their assets will be seized. Earlier she was terminated with all her entitlements and benefits revoked. Not long back, she was the brightest new kid in the block, credited with making ICICI bank the best retail banking in the country. Her rise had been meteoric, making it into the Forbes list of ‘World’s top 100 powerful women’ and other equally prestigious international acclaims. What a fall from grace! I fail to understand the mindset that makes one to amass wealth much more than they, their children or even their grandchildren ever will have need for, at the risk of losing all the good things in life- peace, respect & happiness. In such situations my thought always goes to the children of the perpetrators. They would have been devastated, surely. I would be.

It is not just her. There is a whole lot of them in the political spectrum too. Like termites in the woodwork. Successive governments always claim to root out corruption or accuse the other of corruption, especially during election time. And whoever comes to power will just forget about it till the next time around. I am bemused by the negative energy in the social media, as people go about fighting for or against someone, not realizing that it is them who are being taken for a solid ride. Such a waste of time and energy. All you can do, is not expect any help from the so called messiahs, instead try to help people who need your help and whom you can help. At least they will have someone to bank on. You. We do not have anyone else to bank on except ourselves.

Pic courtesy: Manjul, First Post

2 Comments leave one →
  1. March 7, 2019 23:54

    “A draft? What’s that?” what a youngster can say
    “That’s how,” is replied, “One got one’s pay”
    Kochar’s Chanda
    Kaalaa dhandaa
    Rain or shine, one’s to make one’s own hay!

    Thank you Gul
    They also said to strike while the iron is hot
    but most people always forgot
    though with the ill gotten wealth anything can be bought
    it is only till such time that one is caught

  2. svenkataramana1 permalink
    March 11, 2019 11:50

    Good one sir.All my banking style flashed form memory.Today Banking system has become a boon for rich & blast for poor.Banks are minting huge money in form of charges, fees etc & handing over to unethical businessmen.Its time for us also to retort this…

    Thanks Ramana

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