A Dint on the PSB’s NPA Management
The global economy is in a downward trend, fueled by the 3rd wave of the pandemic. In India, the role of Public Sector Banks (PSB) who constitutes more than 65% of the banking system,...
Faced with grotesque inequality, what can we learn from Chile?
“Chile was the birthplace of neoliberalism, and it shall also be its grave!” said Gabriel Boric, a young student leader from the radical fold who was forged in the protests that has rocked Chile...
The Numbers Behind the ‘Record Recovery’
The claim that there has been a record recovery may seem correct on paper. Comparing the figures for growth in quarter ending in June 2021 - 22 with June 2020-21 there is a 20.1%...
Cost of Bank Mergers: The Need for a CAG Audit
Public Sector Banks (PSBs) have played a significant part in the country’s economic growth. The principles of nationalization also contributed to the social banking character of the PSBs. This scenario has been changing since...
Case of Air India- Wilfully destroyed & now privatised!
Post-Independence, there was reluctance to nationalise the various private airlines that were running very inefficiently. In 1950, an Air Transport Inquiry Committee (headed by Justice G.S. Rajyadhaksha) was appointed which went into a detailed...
The Futility of Per Capita Comparisons in Unequal Societies
A few months ago, a news made headlines, doing rounds in the social media about how it was a matter of much shame that India had fallen behind Bangladesh on the metric of Per...
With National Monetization (Privatization) Pipeline Govt would be virtually extending the lease in perpetuity: Thomas Isaac
“The government is claiming they are giving only temporary rights for certain duration (through the National Monetisation Pipeline). The key question is how the government will repay this investment that the private companies have...
What lies at the end of this pipeline?
Disinvestment entails the government selling an asset, in part or full. By the term “monetization” the government is claiming to retain ownership while offering the asset to private players for investment and operationalization. The...
Hope this Meteoric Rise does not Become a Bubble
The Indian stock market is booming. The share price index is repeatedly breaking records. Investors are very happy with this. Around 30 stocks have given 100 per cent returns since February 2021. The enthusiasm...
RBI’s “Consultative Document on Regulation of Micro-Finance” Part -2
RBI vide its June 14, 2021 press release has issued a 30 page “Consultative Document on Regulation of Microfinance” (henceforth “Document”) seeking comments from public at large.
Banking and Customer Rights
The banking sector has definitely come a long way since nationalisation, we still are many miles behind in our target of achieving a fully inclusive banking system. Do we have a banking system where...
RBI’s “Consultative Document on Regulation of Micro-Finance” Part 1
In the aftermath of Andhra Pradesh microfinance crisis, erupted in 2010, RBI appointed a committee under the chairmanship of Shri Y H Malegam to study issues and concerns of the Microfinance Sector. Non Banking...
Insolvency of ‘Insolvency and Bankruptcy Code’ – Booklet
Insolvency and Bankruptcy Code was brought in 2016 with a huge fan flare and was presented as a magic solution for the underlying problem of corporate bad loans. After 5 years, we can see...
Bank Nationalization Day: In Defense of Public Sector Banks
19th of July is marked as the bank nationalisation day, recognising the historical decision of the Indira Gandhi government to take control of private banks. It is not an exaggeration to say that the...
People’s money for people’s welfare
On the eve of independence of our country, on 14th August 1947, Pandit Jawaharlal Nehru spoke in the Constituent Assembly that India has a tryst with destiny. Similarly AIBEA made a tryst with destiny...
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