In response to the article published in Finance Matters last week, titled “MUDRA loan numbers – Biggest jumla by the Finance Minister” by Mr. Thomas Franco, Ministry of Finance & Corporate Affairs through their...
The nationalisation of 14 banks on 19th July 1969 was the most desirable and important economic cum social reform in independent India. After 2 days of Nationalisation, Mrs. Indira Gandhi explained to the Parliament...
The claim of the Prime Minister that the Banking Sector has become robust is not true if we analyse the facts and figures. On Jan 1 2015, Gyan Sangam 1 was organised in Pune...
The largest bank in the country has earned the trust of the people. That’s why there are 48 crores accounts in the bank. But its recent request seeking more time to furnish the data...
I am not a big fan of international Rating Agencies, but the recent report of Goldman Sachs analysts shows that they too agree with our concerns on Indian Economy.
Mr Gautam Adani who become the second-richest man due to the support of Mr Narendra Damodardas Modi (See Random Reflections – Why boycott Adani) is in deep trouble. Almost every bank in the country...
Contrary to the claims of the Finance Minister, India is in recession. Even the RBI agrees. Inequality is on the rise. From jobless growth, we are in 'job loss' growth. Study after study confirms...
G-20, (abbreviation for Group 20) is a fancy name. It has attracted the imagination of many around the globe and is often dubbed as the most important association of nations that matter in terms...
A farmer came to a bank and asked for a loan for cultivation. The branch manager asked for security. The farmer said that he doesn’t have any security.
It is surprising that none of these national newspapers noticed the footnote in the publication which said that this was not the opinion of the RBI.
The net profit of the public sector banks in 2021 was Rs.31,820 crore and their operating profit was Rs.1,97,376 crore. The net profit increased by 109% to Rs.66,541 crore in 2022 and the operating...
The Life Insurance Corporation of India’s (LIC) Initial Public Offer (IPO) has been opaque and only after the issue of the Red Herring Prospectus(RHP) some details have emerged.
Every single institution built up during the last 75 years is either being weakened, strangulated or killed at a slow pace.
Across the globe, we are seeing a rise in authoritarian regimes. Vladimir Putin in Russia, Jair Bolsonaro in Brazil, R.T. Erdoğan in Turkey, Xi Jinping in China and Narendra Modi in India are glaring...
On 14th March 2022, RBI issued revised instructions for microfinance loans to the poor by Non-Banking Financial Companies (NBFCs) called Micro Finance Institutions (MFIs).
