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...
Urban Reforms Agenda from JNNURM to Smart Cities Mission
Increasing urbanisation India has been witnessing the growing pace of urbanization in the country in the past few decades. As per the Census 2011, 31% of the population lives in cities and its contribution...
Smart cities and Mega Infrastructure projects
As many of you are aware, we ran an intense stakeholder engagement process on Right to the City and the Smart City in India, over a long period of time. This was part of...
Modi Government Wrecking Public Sector Banks and the Indian Economy
Public Statement | April 27, 2018 After Demonetisation, now the Cash Crunch in ATMs: Modi Government Wrecking Public Sector Banks and the Indian Economy A Joint Statement In the past few weeks, ATMs across...
Demonetisation, cash crunch wreck banks, economy: Experts, activists
Nearly 100 major groups and several prominent experts have attacked the NDA government for the manner in which the banks and economy are being wrecked due to the impact of demonetisation followed by the...
The Privatisation of Public Sector Banks is not a Panacea
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 Indiaās Public Sector...
Banking Sector Crisis is a Part of Larger Mess: Nilotpal Basu
Nilotpal Basu of the Communist Party of India Marxist CPI(M) said that the crisis one is witnessing in the banking sector is a part of the larger crisis the country is facing on multiple...
Bank recapitalisation is Not Exactly a Solution to the NPA crisis
An intervention of Anupam, Swaraj India, at theĀ public meeting titled āCrisis in the Banking Sector: Who Stole? Who Pays? āCrisis in the Banking Sector: Who Stole? Who Pays?ā Crisis in the Banking Sector: Who...
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...
Govt Using Adjudication Bodies to “Help Out” Corporate Defaulters
By Our Representative A joint meeting of civil society and trade union organizations has accused the Government of India of making frenzied attempts of pushing nationalized banks through Reserve Bank of India to take...
RBI and Finance Ministry Must Own Responsibility
Much is talked and written about scams in the Banking sector after the Nirav Modi Scam in PNB. Why RBI, Finance Ministry, CVC and others wake up only when a major scam surfaces? Why...
Banking sector crisis part of larger mess: CPI-M leader
Communist Party of India (Marxist) leader Nilotpal Basu on Friday said the present crisis in the banking sector is part of a larger crisis the country is facing on multiple fronts. “Corruption today is...
Banking sector crisis part of larger mess: CPI-M leader
New Delhi, Feb 23 (IANS) Communist Party of India (Marxist) leader Nilotpal Basu on Friday said the present crisis in the banking sector is part of a larger crisis the country is facing on...
RBI is an Accomplice in bringing the FRDI Bill
An article in Hindustan Times dated February 12, 2018, titled Reserve Bank Goes Back on its Opposition to the FRDI BillĀ claims that the Reserve Bank has retracted from its former position of three months...
Budgeting for Losses ā NPAs, Recapitalisation and Budgetary Allocations
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...
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