More merger of banks and increase in FDI to 49% – Dangerous plan
News reports have stated that the Government of India is going to constitute a committee to look at further merger of public sector banks to four to five from the present 12. We had...
RBI should own responsibility for the extraordinary delay in closing Paytm Payment Bank
RBI has cancelled the licence of Paytm Payments Bank Ltd on 24th April, 2026, more than two years after barring it from accepting deposits or top-ups. The move effectively prohibits the Payments Bank from...
Banking Industry on the Brink of a Nationwide Strike Again – DFS Responsible
The United Forum of Bank Unions, in their letter to the Central Labour Commissioner, which is communicated via a circular to its members, has stated, “It frustrates the process already underway before your office,...
Will mis-selling in banks stop?
Instead of concentrating on deposits and loans, banks were asked to become financial supermarkets selling insurance, mutual funds, shares, and other products. It was argued that insurance penetration in the country was low and...
Strike in Indian Overseas Bank – The Managing Director Should Avert It
Indian Overseas Bank was started in 1937 by M.Ct.M. Chidambaram Chettiar on 10 February 1937 and immediately had branches in Burma and Singapore. It was nationalized on 19th July 1969 with 13 more banks....
FTA is not free trade but US dictated trade: Surrender to Trump is dangerous for the Country
On 7th Feb morning at 4.29 AM, the Government released a press statement by PIB titled United States–India Joint Statement. The full agreement was not even made available to the Parliament, and the media...
PROMISES NOT KEPT, SELLING FALSE DATA — A FARCE CALLED UNION BUDGET
Budgets are supposed to deliver the promises made by the ruling party, address challenges before the economy, and achieve the constitutional goals. One of the most important constitutional goals is to bring down inequality...
Historic Strike by 8 Lakh Bank Employees on 27.01.26 – Wake-up Call to the Government
On 27th January 2026, bank employees and officers under the banner of the UNITED FORUM OF BANK UNIONS (UFBU), consisting of 4 officers’ associations and 5 workmen unions, participated in a day’s strike all...
How Tamil Nadu Achieved Economic Growth with Social Justice and Development
As per the RBI Handbook on Statistics of States, Tamil Nadu doubled its economy in a decade from a GSDP of Rs. 14.6 lakh crore in 2017–18 to Rs. 31.18 lakh crore in 2024–25....
Imaginary figures to dramatize the Labour Codes – Should SBI’s Economic Research Wing do this?
Researchers and writers are expected to analyse schemes critically. They should look at the positives and negatives. Once upon a time, SBI’s Economic Research Wing used to do this. Often, it used to be...
How Banks Have Contributed to the Election Victory in Bihar
Nobody anticipated a massive victory with 85% seats for the ruling alliance, which faced 20 years of anti-incumbency, anger due to unemployment, massive poverty, low income levels, the highest out-migration, and low-quality education. “The...
Merger of Banks, Appointment of MDs from Private Sector and Privatisation of Banks
The Finance Minister has again started talking about the merger of 2–3 big banks to compete in the global market, and newspapers say that the government is considering the appointment of Managing Directors in...
Justice delayed is not only justice denied but justice killed.
In the recently published book (In) Complete Justice? The Supreme Court at 75, Critical reflections edited by Justice S. Muralidhar, former Chief Justice, Odisha, Dr. Usha Ramanathan, in her article, has quoted many cases...
PSB Manthan to Privatise Public Banks – A Dangerous Path
As per reports in Business Standard, “Call for paring Govt stake in Public Sector Banks, diluting the Government’s stake in them and leaving their regulations to the RBI were among the key new ideas...
Half full Half Empty GST Changes?
Newspapers are full of advertisements praising the Prime Minister for the so-called Diwali gift. Few analysts have come out with the real report card of GST. Convener of Association of Indian Entrepreneurs Mr. K...
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