How We’re Legalising the ‘Bezzle’
Much has been written about the nonperforming asset (NPA) crisis plaguing the Indian banking system. The Insolvency and Bankruptcy Code (IBC) has been widely hailed as the silver bullet. But it has arguably done...
Impact of Global Crisis on the Indian Banking System
This impact is not only circumscribed to NPA. Overall, Indian banking is passing through one of the worst crisis in history. Since the last three years, banking in the public sector is almost stagnant....
Bank Merger – Another Sham
Prof. C.P. Chandrashekhar looks into the assumptions behind the recent bank merger of Dena Bank, Vijaya Bank and Bank of Baroda, the long-term impact of it on public sector banks (PSBs), using merger as...
Report: Citizens Report on Four Years of Modi Government
The report “Citizens’ Report on the “Four Years of the NDA Government, 2014-18: Promises & Reality” – a civil society initiative’ is a collective work by experts, development networks and civil society organisations working...
Government and regulators wake up only after scam surfaces: AIBOC
All India Bank Officers Confederation (AIBOC) on yesterday accused the RBI, Finance Ministry, and Central Vigilance Commission for waking up only after a major scam surfaces. They further charged them with not analysing the...
Press Release: Wilfully Letting go Wilful Defaulters of Bank Scams
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...
NPA is due to the corporate default: Prof. Prabhat Patnaik
For immediate release Dishonest to say that NPA crisis is due to the default in agricultural loans: Prof. Prabhat Patnaik New Delhi, January 13, 2018: “It is incorrect to say that the rise in...
Citizens Demanding their MPs to Repeal FRDI
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...
PSBs Must Stop Minimum Account Balance Requirement
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...
Dr. Meera Nangia on Corporate Loans and Accountability of Banks in the context of FRDI Bill
Dr Meera Nangia was speaking at the public meeting titled Last battle to save PSBs on the 29th November 2017 at the Constitution Club of India, New Delhi. The meeting was jointly organised by All India...
Dr Usha Ramanathan on Digital Banking and Aadhaar: Need for Caution
Dr Usha Ramanathan was speaking at the public meeting titled Last battle to save PSBs on November 29, 2017, at the Constitution Club of India, New Delhi. The meeting was jointly organised by All India Bank...
Gautam Mody on Privatising PSBs Only a Part of a Larger Loot of Public Assets
Gautam Mody was speaking at the public meeting titled Last battle to save PSBs on November 29, 2017, at the Constitution Club of India, New Delhi. The meeting was jointly organised by All India...
Thomas Franco on the Banking Sector at Crossroads: Way Ahead
Franco was speaking at the public meeting titled Last battle to save PSBs on November 29, 2017, at the Constitution Club of India, New Delhi. The meeting was jointly organised by All India Bank Officer’s...
Booklet: A Critique of FRDI Bill, 2017
Wrong Diagnosis, Harmful Prescription: A Critique of Financial Resolution and Deposit Insurance (FRDI) Bill, 2017
Why is the government in hurry to pass the FRDI Bill?
The Financial Resolution and Deposit Insurance Bill (FRDI) was introduced by the Union Minister of State for Finance Arjun Ram Meghwal in the Parliament (Lok Sabha) on August 10, 2017, on the penultimate day...
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