Crisis in PSBs & Importance of Bank Unions
Crisis in Public Sector Banks and Importance of Bank Unions – Prof C.P Chandrashekar
“Dangers” of Privatising Public Sector Banks Loom Large
A public statement, released jointly by Soumya Dutta of the All-India Bank Officersâ Confederation, Priya Dharshini of the Centre for Financial Accountability, Madhuresh Kumar of the National Alliance of Peopleâ Movements, and Gautam Mody...
Statement on the Withdrawal of FRDI Bill
Public Statement | August 16, 2018 A Battle Won, The War Looms at Large: Statement on the Withdrawal of Financial Resolution and Deposit Insurance Bill A Joint Statement On 7th August 2018, a year...
Bank Frauds and Risk Management in India
After the spate of bank frauds came into the light, the parliamentarians raised this issue in the ongoing session of the parliament. Answering the question in the Lok Sabha, on July 20, 2018, on...
The Black Hole of Coal
India shows how hard it is to move beyond fossil fuels towards a renewable future. Hazaribagh, Jharkhand State DARKNESS is falling as coal starts its long, lawless journey from the pit. The first signs...
Is Ownership Neutrality A Step Towards Privatisation?
The privatisation of public sector banks has been an issue of debate for a long time. Economic experts are again talking about privatisation of public sector banks (PSBs) due to current non-performing assets (NPAs)...
Finance Capital: The New “Demi-God”
‘God” is believed to have two strengths, viz., “he is omnipresent” and “he is the creator, reshaper and destroyer of everything around us”. “Finance Capital” is fast acquiring both these “strengths” Believers in “God”...
Activists Raise Their Voices Against BRICS
Amid the backdrop of the beginning of the 10th BRICS (Brazil, Russia, India, China and South Africa) Summit, activists and community organisations held a picket outside the New Development Bank. The Summit kicked off...
LIC Rakes in Money Because of over 25 Crore Policyholders
Last week, according to the media reports, the board of the Insurance Regulatory and Development Authority of India (IRDAI) approved public-owned Life Insurance Corporationâs (LIC) proposal to increase its stake in the troubled public...
AIIBâs Third AGM Prioritises PPPs and Funds for Infrastructure
AIIB Third Annual Governors Meeting Prioritises PPPs and Investments in Funds to Mobilize Private Capital for Infrastructure as the Way Forward The last week of June saw India host the third annual meeting of...
Who is benefitting from the Mumbai-Ahmedabad Bullet Train Project?
The information available in public domain is that JICA is financing the Mumbai-Ahmedabad Bullet Train Project by lending 88 thousand crore rupees at an interest rate of 0.1%. Payback period is 50 years with...
Sucheta Dalal on the Growing Crisis in the Indian Banking Sector
Financial analyst and journalist Sucheta Dalal said that the Indian banking system is at the verge of crisis, reeling under the mounting bad loans, caused by unfettered corporate loans. Referring to governmentâs announcement in...
PSBs Back Coal, Whereas Private-owned Renewables
A new analysis of energy project lending in India shows that majority of government-owned banks and financial institutions continued to fund coal projects in 2017. The same analysis also reveals private financial companies are...
IFIs Perpetuate Social Inequities and Economic Disparities
It is important to analyse and reflect upon these financial institutions and how their projects have fueled inequality throughout the world. The workshop would have speakers who would speak on various financial institutions and...
Indiaâs Publicly Owned Banks âFavour Coal Lending Over Renewablesâ
The Centre for Financial Accountability said coal received $9.4bn last year, compared to clean technologies receiving $3.5bn Indiaâs public-owned banks and finance groups lent more money to coal projects than renewables in 2017. Thatâs according...
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