You are completely wrong about this.
Details of NPA figures of public, private sector banks
Also RBI has recently put on watchlist 4 public sector banks:
RBI puts 4 banks under watch on asset quality concerns
The Reserve Bank has put four public sector lenders, including IDBI Bank and Indian Overseas Bank, under watch and advised them to stay off risky assets so that their financial health is not stressed further.
No sir, I have seen people with 10 years+ experience in Private sector banks forced to resign just because 2 20crore+ accounts were closed.
I believe ICICI is in the first five position of the NPA list.
FD's are the safest. Other options have the risk factor involved in them.
Which productive work do you think it is?
ICICI, HDFC and other private banks too gave loan to Mallaya. Mallaya got more loan from the consortium of public banks because in around 2004 the position of private banks was not as strong as compared to today.
CBI arrests IDBI ex-CMD Yogesh Aggarwal for Rs 900 crore loan to Kingfisher Airlines - Times of India
In markets what is safest is also with lowest return so it's a matter of choice & as for productive work,any loan that banks give & able to earn profit on it is productive work.That is why when 2 20crore+ accounts were closed,it is right to ask for resignation if it is because of the not enough efforts by the persons involved in keeping those accounts.Bank personnel are not taking chance with their own money but peoples' money & therefore have higher responsibility.However in public sector banks,one can give a loan of 100 crores to a company run by relative of some politician knowing well that company will not be able to repay the loan.That is the difference between a public sector bank & a pvt sector bank.In pvt sector bank,the person who gave a 100crores loan to a company which failed to repay the loan gets fired.While in public sector banks,the person simply call the politician & nothing happens(unless it becomes a major issue with supreme court & media).
