Some smart banks of US lost their pants & undergarments too,hence indian banks (being dumb) are also bound to loose.
This is a such a logic that as donkeys have two fore & two hind legs hence as cow also has the same then the cow is a donkey.
Actually we are all fools we cant see the donkey ,which is apparently looking like a cow.
ICICI Bk,in a decade has become one of the biggest pvt bk in the country.SBI has 5000000 % backing of ALL CENTRAL GOVT A/C ,disbursements,etc etc etc .Without much of those BACKING a bank of our country has become a force to reckon with .The entire Home-Loan & many many other Loan portfolio was being aggressively persued & indians are TAUGHT by these pvt Bks.
The cards in our wallets ,the ATMs round the corner ,just visualize 10 yrs back,still we are spookey.
It is not a question of logic but sentiments.
I remember one story and it goes like this:
One Pandit bought a goat from Haat >He was going to his village when three thugs saw and conspired to take goat from the pundit. They positioned themselves at three different points at the roadside.
When Pandit came into sight , first thug said to him.." Namaskar Pandit ji, Why are you carrying a fox on your shoulder"
Pandit says.." don't be a fool , it is a goat, don't you see?"
Thug replies.." No I don't see, but as you say."
He leaves.
On the way after some time second thug is waiting for pandit.
After seeing Pandit, he exclaims.."Why panditji, you are carrying a fox, it will bite you."
Pandit say..." No I was told it is a goat and it certainly looks like a goat. Why do you say it is a fox?"
Thug says.."I don't know what they told you a haat , but it is certainly a fox, not a goat. look at its cunning eyes and foxy ways"
Pandit looked at goat and he was having doubt..." But eyes look like that of goat."
Thug says..." Well , if you see goat, who am I to say it is a fox. But ask someone else , if you don't believe me. I am going, don't say I did not warn you. Its your risk, your life and your money after all"
Thug leaves.
Pandit starts thinking that yes , it has some characteristics of fox, like four legs, two ears some furs ....He doubts that someone made fool of him by selling fox instead of goat. How can two person be wrong. let me ask another one.
After some time third thug is waiting near a tree. He sees pandit and shouts..."What a fool you are to carry a fox. Run before it bites you.."
Pandit throws that goat away and runs towards his village thanking Thug Aadmi
Third thug catches goat and all three thugs later join to have a feast.
Looks like we are being made fool of, logic does not matter.
pk