In India, any private bank can make/play with public money. Wrong ratings, false promises, worst customer service and grievance addressal all the bad things happening. Companies easlity getting escaped by giving a bribery to the politicians.
The magazines and media also giving wrong picture to the public on private banks’ assests and revenue.
No private bank is ready to safeguard public money instead, pumping people money into acqusitions, looting money by unacceptable heavy charges on each and every service.
Banks should project themselves as people friendly rather making profits by all the bad ways. Agricultural, SMB and educational loans are not at all encouraged.
Pension scheme is one of the top rated frauds. No private bank will remain after a decade. Either the bank will bankrupt or merged with some other bank. The new owner of the bank will come up with new set of rules which will be prejudicial to the public.
DO NOT TRUST ON ANY PRIVATE BANK. MOVE YOUR SAVINGS TO PUBLIC SECTOR BANKS EVEN THEY OFFER VERY LIMITED INTEREST AND SERVICES