How was Banking in the Private Sector?
There were no public sector banks till 1955. Only on 1st July 1955 Imperial Bank of India was nationalised creating State Bank of India. It is important to know what was banking in our...
Business Correspondents: Modern Day Slavery in Banking Sector
As per RBI Data, as on March 2020 there were 5,41,175 business correspondents in villages and 6,35,046 business correspondents in urban areas. So there are 11,76,221 Customer Service Points covered by the business correspondents...
Challenges Before the Banking Sector Today
The Public Sector Banks have been facing challenges since 1991 with the so-called reform process. Starting from the Narasimhan Committee to P.J. Nayak Committee has recommended reducing Government share. They want banks to be...
Can Bank Privatisation be stopped?
When the financial resolution and deposit insurance Bill was introduced in Parliament many thought that the mighty Government will get it passed.Ā But the campaign against it, not only by Trade Unions but also...
Digital India helping crooks to cheat elderly people
Recently the Deputy Managing Director and the Digital Officer of State Bank of India stated that we have to ensure the safety and security of the Digital Platforms to prevent frauds. Hundreds of fraudulent...
Why Financial Sector Strike?
Banks and Insurance were in the hands of the Private Sector only till 1969. After the nationalisation of banks in 1969 and subsequently in 1980, the outreach of the banking sector changed. Banks became...
Taking away Govt business from Govt Banks: A deep conspiracy to kill them.
The Finance Minister has announced that the government business handled by the government banks i.e. the public sector banks will also be provided to the private sector.Ā Already certain government businesses have been slowly...
Loans to Corporates – Itās high time to implement the RBI decision of 2016
RBI announced in August 2016, that it will move to cap exposure of banks to large borrowers while also taking steps to deepen the Corporate Bond Market. RBI stated that starting from next fiscal year...
Isnāt Selling PSEs, Banks, Insurance, and Assets not selling family silver?
The Finance Minister has stated that she is not selling family silver but strengthening it. Is it true? Department of Investment and Public Asset Management (DIPAM) states that four major areas of its work...
Selling the House to have Alcohol- Budget 2021-22
We have come across alcoholics selling property to have their drink. The central government seems to be doing similar things. The Public Sector is like the house constructed with great ambition. But now, it...
You made me a Khalistani
Long time ago there was a Malayalam film āNingal Enna Communist Aakkiāā You made me a Communist.Ā The happenings on 26th January and the callous attitude with which the government is treating the farmers...
Random Reflections: Farm Laws, Food Security and PDS ā The Reality
We know from history how some kings gave utmost importance to food security for every citizen, by constructing water harvesting structures, rivers, dams and encouraged cultivation.
Random Reflections: Micro Finance ā Time to look back and make a āUā turn
In 1992, Self Help Groups (SHGs) promoted by NABARD as a Pilot Programme came as a boon for women who did not have access to credit. In Kanyakumari (Tamilnadu), the experience of Mahalir Association...
Random Reflections – Online Loans: Government and RBI should address the root cause of the problem
Online loans have led to suicides and loss of more than 1000 crores reported so far and few Chinese nationals are accused of cheating. Neither the Reserve Bank of India nor the Government of India...
Random Reflections- Why Boycott Ambanis?
Reliance Group which was started by Dhirubhai Ambani has grown so big using political clout, dubious methods, greasing bureaucrats and politicians and even using loopholes in law including international courts. Books for reference Ambani...
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