Big mistake made by China

[Hafizzz]

To a large extent "debt traps" or spiralling uncontrolled borrowing is becoming a problem in most countries. Responsible governments will ensure that a system of responsible lending and borrowing is put into place. The scenarios placed in post 12 above is not restricted to India and happens in most countries including 1st world countries. People borrow from Bank A then take an overdraft from Bank B to pay the installments to Bank A and then use their credit cards to pay off Banks A & B and the trend goes on. Credit checks and other current tools are no longer effective. Certain countries like the USA, Canada and South Africa are moving towards making the lender equally responsible as the borrower for reckless lending. The prima estates debacle in Chicago started the current global resession. That was caused by attitudes of lenders and borrowers similar to the scenarios posted in post 12 above. The crap hit the ceiling when the lenders started selling off their disguised well managed book debts to foreign banks. And when the scheme fell apart even foreign banks who bought off the Chicago debts were getting hit on the head

Yes debt trap problem is an international thing but if you were a Business man would you rather set up a Bank in a rich country or a POOR country where you know that people in a poor country will never be able to pay back the loan ???

If there were no PROs , why is this bank coming to India then?

This bank got suckered by false promise of a huge market with over a billion customers !

 

[Ganga]

This thread is about China making mistake by setting up bank in India where the average Indian will NEVER BE ABLE TO PAY back the loan and the Indian media will picture the Chinese Bank as "Blood sucker" charging high interest rate on the loans.

Are you blind or something?I am genuinely worried about you.The very first paragraph in the article you posted says that this will be an Industrial development bank which will finance projects in India.It will not lend money to individual persons but big corporations.You don't have to worry about the Chinese bank mentioned here , instead you can get a laser surgery done to rectify your eye.

 

[kingkobra]

This thread is about China making mistake by setting up bank in India where the average Indian will NEVER BE ABLE TO PAY back the loan and the Indian media will picture the Chinese Bank as "Blood sucker" charging high interest rate on the loans.

dude you should stop showing off your knowledge...you know nothing about banking and you are just showing your obsession with India..

 

[Hafizzz]

Time will tell whether China made a "good move" in setting up a Bank in India !!!

 

[notsuperstitious]

Time will tell whether China made a "good move" in setting up a Bank in India !!!

Time will provide answers to everything. I hope you are not going to repeat that prophetic statement on every single thread! LOL

We all hope for the day Chinese govt takes advise from YOU!

 

[T90TankGuy]

Time will tell whether China made a "good move" in setting up a Bank in India !!!

i hope time will tell us if you have grown out of you anti Indian obsession.

 

[PlanetWarrior]

Yes debt trap problem is an international thing but if you were a Business man would you rather set up a Bank in a rich country or a POOR country where you know that people in a poor country will never be able to pay back the loan ???



This bank got suckered by false promise of a huge market with over a billion customers !

So, by your defination you would suggest that "poor" (by that I presume you mean third world countries and emerging markets) should be totally isolated from the business investment sector? And in one sentence you would sanction Asia, Africa, Parts of EurAsia and the Middle East to the rubbish bin, including your country? Are you really a Pakistani or are you some bigotted Neo Nazi from the USA ! Don't answer the last bit since it wasn't a question. Heck dont bother answering any part of this post since I can't fathom any reasonable reply from you Mr Hafizz

 

[DelhiDareDevil]

Big Mistake by India.

India already has a bank in China.

http://rbidocs.rbi.org.in/rdocs/Content/pdfs/71206.pdf


Bank of India already in China, btw that source is 2007, I am sure in 2011 many more banks opened in China.

Hafizz, are Indian banks making a bad decision to to open in China?

Oh, just realised, as of March 2007, India had 15 banks in China, including Hong Kong.

 

[DelhiDareDevil]

Oh well, guess thread over now.

 

[Hafizzz]

Oh well, guess thread over now.

Thread is over since Indian Nationalists don't want to admit the truth : Open up a bank in India and you will lose your money !!!

 

[KALKI]

Oh well, guess thread over now.

Well, it (Ha)fizzzz...led out.

 

[PlanetWarrior]

Thread is over since Indian Nationalists don't want to admit the truth : Open up a bank in India and you will lose your money !!!

Well I guess that you are entitled to keep you hard earned money out of India Mr Hafizz. Our Chinese neighbors due to a bad economic judgment (by your definition) have decided otherwise. Considering the stability of their market and economy and their leading financial growth, I trust that you will for the sake of the Asian continent pray that their bank does well in India right Mr Hafiz?

 

[DelhiDareDevil]

Thread is over since Indian Nationalists don't want to admit the truth : Open up a bank in India and you will lose your money !!!

And open a bank in China and lose money too.

Wait India has open like 20 banks in China already.

 

[PlanetWarrior]

i hope time will tell us if you have grown out of you anti Indian obsession.

Sometimes I wonder whether Mr Hafiz is not an Indian false flagger. His posts are usually restricted to India and he does have this way of posting such absurd comments about India that it gives ammunition to Indian members to come out in droves and attack his suggestions without any need to apply their minds. You know. The double agent kinda poster

 

[jdme]

This bank got suckered by false promise of a huge market with over a billion customers !

I thing they have more business acumen than welfare queen like you.

---------- Post added at 09:05 AM ---------- Previous post was at 09:03 AM ----------

Sometimes I wonder whether Mr Hafiz is not an Indian false flagger. His posts are usually restricted to India and he does have this way of posting such absurd comments about India that it gives ammunition to Indian members to come out in droves and attack his suggestions without any need to apply their minds. You know. The double agent kinda poster

Nah, there actually are people like him world. Miserable in real life, they lash out in fictional world. You should worry only when someone starts taking him seriously.

---------- Post added at 09:06 AM ---------- Previous post was at 09:05 AM ----------

Thread is over since Indian Nationalists don't want to admit the truth : Open up a bank in India and you will lose your money !!!

And Chinese..Everyone but a sad Pakistani troll, I guess?