NEWSWIRE

Lucknow. Out of power in Uttar Pradesh and left with virtually nothing to do as Parliament is not in session, BSP supremo Mayawati has applied for a banking license from the RBI.

“Behenji’s vast personal wealth is sitting idle in godowns located in classified locations across the country, currently accruing no interest. With the monsoons coming, we are also facing a problem of rats. Lending it out to the needy while simultaneously earning lucrative rates of return on this cash is a win-win proposition for all,” said a BSP spokesperson.

The spokesman further revealed that the proposed Bahujan Bank (BB) will cater to the needs of weaker sections of the society. It’s also being seen as “Dalit Banking” along the lines of “Islamic Banking”.

“Dalit Banking is need of the hour so that financial services can reach thousands of Dalits who previously did not have access to banking,” said the spokesperson. “We plan to give a 2% subsidy on interest rates to all registered Dalits and extend 2-5% cash backed credit cards to them.”

“We will not give loan to manuwaadis,” the spokesperson outlined the principles.

Mayawati

From “vote bank” to “commercial bank”

Expectedly, this announcement by Mayawati has caught other political parties on back foot. Congress is most shocked as this is being seen as Mayawati’s version of Direct Cash Transfer scheme, which would stop her vote-bank from moving to Congress.

BJP was too confused to react, while Samajwadi Party has said that such step would provoke bank robberies.

“We will not be responsible for any law and order problem that may arise,” a SP leader warned.

Interestingly, RBI has welcomed the move.

“If more politicians were to divert their personal wealth from godowns and the Swiss Banking System to the Indian Banking System, we would witness a significant rise in the money under circulation and would be able to bring an increasing percentage of our adult population under financial inclusion,” RBI governor told Faking News.

However, there is a ‘little’ problem. The minimum paid-up capital for setting up a bank has been pegged at Rs. 500 crores by the RBI, while Maywati’s declared wealth is limited to Rs. 111.6 crores only.

“We plan to raise the remaining capital via the FDI route,” Mayawati declared her new found love for FDI that was seen earlier when her party took a U-turn and decided to support FDI in Retail.

“It’s the same policy; FDI in Retail Banking,” the former CM of UP explained.

It is planned that Mayawati’s statues, numbering 45,673 as per the latest Indian population census, will also be used as ATM dispensing machines to widen the reach of her banking services.

“There will be one little change in the way these ATMs would operate,” Mayawati clarified, “On every 15th January, 10% of the cash withdrawn will be retained by the ATMs as my birthday gift.”

Report filed under:

Business


  • Amar

    Samajwadi Party is worse. Maya was better.

    • Nik

      You mean better than worse right? Not better literally..!!

      • beerifgy

        yes as there is no one is best here but is better than the other one

  • e siva s iyer

    A wonderful story that i came across recently. I guess this might have served as motivation for her to open a bank.
    The story is as follows:-
    ______________________________________
    During a robbery in Guangzhou, China, the bank robber shouted to
    everyone in the bank: “Don’t move. The money belongs to the State. Your
    life belongs to you.”

    Everyone in the bank laid down quietly. This is called “Mind Changing Concept” Changing the conventional way of thinking.

    When a lady lay on the table provocatively, the robber shouted at her: “Please be civilized! This is a robbery and not a rape!”

    This is called “Being Professional” Focus only on what you are trained to do!

    When the bank robbers returned home, the younger robber (MBA-trained)
    told the older robber (who has only completed Year 6 in primary school):
    “Big brother, let’s count how much we got.”

    The older robber
    rebutted and said: “You are very stupid. There is so much money it will
    take us a long time to count. Tonight, the TV news will tell us how much
    we robbed from the bank!”

    This is called “Experience.” Nowadays, experience is more important than paper qualifications!

    After the robbers had left, the bank manager told the bank supervisor
    to call the police quickly. But the supervisor said to him: “Wait! Let
    us take out $10 million from the bank for ourselves and add it to the
    $70 million that we have previously embezzled from the bank”.

    This is called “Swim with the tide.” Converting an unfavorable situation to your advantage!

    The supervisor says: “It will be good if there is a robbery every month.”

    This is called “Killing Boredom.” Personal Happiness is more important than your job.

    The next day, the TV news reported that $100 million was taken from the
    bank. The robbers counted and counted and counted, but they could only
    count $20 million. The robbers were very angry and complained: “We
    risked our lives and only took $20 million. The bank manager took $80
    million with a snap of his fingers. It looks like it is better to be
    educated than to be a thief!”

    This is called “Knowledge is worth as much as gold!”

    The bank manager was smiling and happy because his losses in the share market are now covered by this robbery.

    This is called “Seizing the opportunity.” Daring to take risks!

    So who are the real robbers here?

    • Prashanth

      Siva Iyer is the real robber…robbing my time

  • VinayShekhar

    “On every 15th January, 10% of the cash withdrawn will be retained by the ATMs as my birthday gift” Hilarious!

  • 4thaugust1932

    Tell Brahmin people to take their caste share of land and go build their own nation as per “Communal Award”.
    Google “90% of corrupt money is with forward caste people”.

    • Dushyant Joshi

      Grow Up Man!!!

  • vdg

    as RBI chairman welcome the move , yes it is a good move, instead of putting your money in godowns n in swish banks , its better to invest the money in indian economy

  • Parv

    ha ha .. I thought it is Rober Vadra and Gandi family !

  • Abhay

    Good way of doing money laundering…. Samajwadi Party is already doing it with the help of its Cooperative banks in Ghaziabad & now Maya behen is also following suit.

  • 4thaugust1932

    Indians are morally corrupt by birth (Caste system) for the past 3000 years.
    Google “90% of corrupt money is with forward caste people”.

    * Saradha Group financial scandal = $4 billion(FC)
    * IGI Airport scam = $32 billion(FC)
    * Coal Mining Scam = $213 billion(FC)
    * Karnataka Wakf Board Land Scam = $39 billion(FC)
    * Andhra Pradesh land scam = $20 billion(FC)
    * Service Tax and Central Excise Duty fraud = $3.82 billion(FC)
    * Gujarat PSU financial irregularities = $3.39 billion(FC) fdes
    * Maharashtra stamp duty scam = $126 million(FC)
    * Highway scam = $13.97 million(FC)
    * Ministry of External Affairs gift scam = $100,000(FC)fde
    * Himachal Pradesh pulse scam = $200,000/month(FC)
    * Flying Club fraud = $38 million(FC)
    * Jammu and Kashmir Cricket Association scam = $10 million (MC)
    * Punjab paddy scam = $3.59 million(FC)
    * Arvind Joshi and Tinu Joshi = $50 million(FC)
    * Uttar Pradesh seed scam = $9.98 million(FC)
    * Obsolete French Fighter Jets = $11 billion(FC)
    * NHRM = $2 billion(BC)
    * Goa mining scam = $700 million(FC)
    * Noida Corporation farm land scandal = $40 million(SC)
    * Bellary mines scandal = $3.2 billion(FC)
    * BL Kashyap EPFO Scam = $118 million(FC)
    * Hasan Ali Khan = $8 billion(MC)
    * ISRO-Devas = $300 million(FC)
    * Cash-for-votes = $715,000(FC)
    * 2G spectrum scam/Tata(MC)/Ambani(FC)/Radia Tapes(FC)/ Kanimozhi(BC)/Raja(SC) = $6.9 billion
    * Adarsh Housing Society(FC)
    * Commonwealth Games = $15.5 billion(FC)
    * LIC Housing Loan scam = $200 million(FC)
    * Belekeri port = $12 billion(FC)
    * Lavasa = $80 million(FC)
    * Uttar Pradesh Food Grain = $44 billion(BC)
    * APIIIC = $2 billion(FC)
    * IPL Cricket = $8 billion(FC)
    * Madhu Koda = $800 million(SC)
    * UIDAI = $1 billion(FC)
    * Vasundhara Raje land scam = $4.4 billion(FC)
    * Satyam = $1 billion(FC)
    * Scorpene Deal = $10 million(FC)
    * Oil-for-food programme (Natwar Singh) = $10 billion(FC)
    * Gegong Apang PDS = $200 million(ST)
    * Taj corridor = $44 million(SC)
    * Ketan Parekh = $200 million(FC)
    * Barak Missile = $200 million(FC)
    * Calcutta Stock Exchange = $2 million(FC)
    * Cobbler scam = $214 million(FC)
    * Sukh Ram = $5 million(FC)
    * SNC Lavalin = $10 million(FC)
    * Advani Hawala = $18 million(FC)
    * Bihar fodder = $211 million(BC)
    * C R Bhansali = $200 million(FC)
    * Pickle bribes = $20,000(FC)
    * Telgi scam = $4.46 billion(MC)
    * JMM bribes = $59,000(ST)
    * Sugar import = $130 miillion(MC)
    * Harshad Mehta = $800 million(FC)
    * Indian Bank = $260 million(FC)
    * Bofors = $400 million(FC)
    * HDW commissions = $4 million(FC)
    * Antulay = $6 million(MC)
    * Nagarwala = $1 million(FC)
    * Haridas Mundhra = $10 million(FC)
    * Kuo oil scandal = $440,000(FC)
    * Teja loans = $5 million(FC)
    * BHU = $100,000(FC)
    * Jeep scandal = $160,000(FC)

    • Sri

      Whenever I was stop my vehicle for traffic police he collects money. I didn’t ask his caste…. hmm may be he is forward caste as well…. Idiotic post….. People like you make competition out of corruption as well and say my party (caste based) has only looted this much but other party has looted more, so there is no wrong in looting by my party. At the end of the day you and I would be left with a bowl to beg, because at the end of the day these corrupt politions and people are taking the whole country to dogs.