In the aftermath of the Rs. 12,000 crore fraud perpetrated by Nirav Modi, the critics of the Indian Banking system has launched into a fresh debate on the ownership structure of India’s Public Sector...
To, Shri. M.M. Kutty Executive Director, India Asia Infrastructure Investment Bank March 14, 2018 Subject: AIIB’s proposed investment in National Investment and Infrastructure Fund Dear Shri M.M. Kutty, We are writing with regard to the AIIB’s...
Criticizing the people advocating privatization of the Public Sector Banks, Meera Nangia, Prof of Commerce, Delhi University, remarked, “We need to talk about Corporate Accountability and not just the accountability of Public Sector Banks.”...
Ever since the first lending from World Bank in 1949 worth $34 million to Indian Railways and the bilateral credit India received from the erstwhile USSR and USA in the early 50s, India has...
“India is becoming a nation of defaulters! Why do defaulters get to buy new companies and new deals?” policy analyst Mohan Guruswamy asked at the public meeting titled ‘Crisis in the Banking Sector: Who...
Press Release | February 23, 2018 Wilfully Letting go Wilful Defaulters of Bank Scams New Delhi: A public meeting held here today has accused the Modi government of wilfully letting go wilful defaulters of...
An article in Hindustan Times dated February 12, 2018, titled Reserve Bank Goes Back on its Opposition to the FRDI Bill claims that the Reserve Bank has retracted from its former position of three months...
Recapitalization or capital infusion of Public Sector Banks from budgetary allocations has been making news for the past few years on a regular basis. In August 2015, the government under its Indradhanush framework announced...
Union Budget 2018-19: Issues of Marginalised Sections
Burdened with the ever-increasing non-performing assets (NPAs) and saddled with its provisioning, it is common knowledge now that Public Sector Banks (PSBs) have suffered enormous losses and thus, are in a crisis. The current...
Concerned citizens are drawing the attention of the members of the Parliament towards serious implications of the Financial Resolution and Deposit Insurance (FRDI) Bill 2017 on the individual depositors and the banking sector at...
Public Statement Penalizing for Poverty – Public Sector Banks Should Stop Extorting Money Over Minimum Account Balance (MAB) Requirement It was highly shocking to learn that State Bank of India (SBI) had levied Rs...
Five years ago, the All India Bank Officers’ Association, presented a presentation to our Bank Management titled NPA-Never Permit an Avalanche. This helped a lot to reduce NPAs of smaller amount but the large...
Hailed as a “big-bang move” by bankers, the government’s plan to recapitalise public sector banks with Rs 2.1 lakh crores is deemed to hold magical powers that will help turn around their financial situations....
Maju Varghese The Parliament met from July 17 to August 11, 2017. The election of the president and vice-president of India took place during this session. The new vice-president, M Venkaiah Naidu, presided over...