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...
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: тАЬIt is incorrect to say that the rise in...
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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...
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Thomas Franco, General Secretary of the All India Bank Officers Confederation talked to Newsclick about the Financial Resolution and Deposit Insurance Bill. There has been no discussion or debate of any kind with either...
Wrong Diagnosis, Harmful Prescription: A Critique of Financial Resolution and Deposit Insurance (FRDI) Bill, 2017
The proposed FRDI Bill will make the recovery of Indian economy impossible тАЬIf demonetisation imperilled Indian economy in the short term, GST did it for the medium to long term, but with the implementation...
Five years ago, the All India Bank OfficersтАЩ 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...
Financial Resolution and Deposit Insurance (FRDI) Bill, 2017 is supposedly the new weapon in the governmentтАЩs arsenal to тАШsolveтАЩ the bad loan crisis. This BillтАЩs stated objective is to form a Resolution Corporation that...
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...
More than 10,000 bank employees and officers from across the country marched from Ramlila Grounds to Parliament on September 15, 2017. They were marching to protest the anti-people banking reforms being implemented by successive...
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...
It is an acknowledged fact that the Indian banking system is facing an unprecedented crisis. The problem of bad loans and the need for a capital infusion, drastic changes in financial policies, new legislation...
August 10, 2017, New Delhi: тАЬThe government, which is arguing against the right to privacy in Aadhaar, is fighting for the privacy of large corporate defaulters,тАЭ said eminent lawyer Prashant Bhushan, who has raised...
