Financing For A Robust Energy Regime In India
Along with the unbridled sanctioning of the flow of foreign funds to the country’s energy sector in the bid to be a major driving force in the global energy market (which falters often on...
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...
LIC Rakes in Money Because of over 25 Crore Policyholders
Last week, according to the media reports, the board of the Insurance Regulatory and Development Authority of India (IRDAI) approved public-owned Life Insurance Corporation’s (LIC) proposal to increase its stake in the troubled public...
Sucheta Dalal on the Growing Crisis in the Indian Banking Sector
Financial analyst and journalist Sucheta Dalal said that the Indian banking system is at the verge of crisis, reeling under the mounting bad loans, caused by unfettered corporate loans. Referring to government’s announcement in...
Banks Desperate to Bail Out Coal Power Sector Outside IBC
According to recent news published on the Business Standard, the leading banks of India are designing a scheme for bailing out stressed assets in the power sector, which, as per the latest report of Parliamentary Standing Committee on...
Running Dry
The sudden ATM cash crunch in several States points to the government’s ham-handed approach to currency management and evokes suspicions of plans to weaken public sector banks. By PURNIMA S. TRIPATHI THE ghost 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...
A False Debate on the Frauds and Regulations in Public Sector Banks
The war of words between the Finance Minister and RBI governor has steamed up with the Arvind Subramanian, Chief Economic Advisor, jumping in the fray attacking the Urjit Patel, RBI Governor, who commented, among...
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 India’s Public Sector...
We need to Talk about Corporate Accountability
Criticizing the people advocating privatization of the Public Sector Banks, Meera Nangia, Prof of Commerce, Delhi University, remarked, “We need to talk about Corporate Accountability and not just the accountability of Public Sector Banks.”...
RBI is also Responsible for the Nirav Modi Scam: Moumita Dutta, AIBOC
Moumita Dutta, Joint Secretary, AIBOC, highlighted that RBI was also responsible for the scam. She asked, “What is the need of LoUs by RBI when the Buyer Credit already exists?” Emphasising that the Banks...
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...
India is Becoming a Nation of Defaulters: Mohan Guruswamy
“India is becoming a nation of defaulters! Why do defaulters get to buy new companies and new deals?” policy analyst Mohan Guruswamy asked at the public meeting titled ‘Crisis in the Banking Sector: Who...
Sacrificing Labour Rights at the Altar of Ease of Doing Business
The call for reforms in the labour laws in the country became strong with the liberalisation of the economy in the 90’s. The Second National Commission on labour was set up in 1999 which...
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