The weekly column of Thomas Franco, former General Secretary, All India Bank Officers’ Confederation.
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Random Reflections 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...
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 significant areas of its work...
Random Reflections We have come across alcoholics selling the property to have their drink. The Central Govt seems to be doing similar things. Public Sector is like the house constructed with great ambition. But...
Long time back there was a Malayalam movie “Ningal Enna Communist aakki– You made me a Communist”. The happenings on 26th January and the callous attitude with which the Govt is treating the farmers...
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...
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...
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...
Income inequality is increasing every day. Few corporate industrial house owners are becoming oligarchs. The olden day monarchs at least had some concern for the people. These monarchs don’t care. The income inequality reduced...
Gautam Adani is one of the most favoured of the ruling party especially the Prime Minister and the Home Minister. In 2014 elections Mr. Narendra Modi was going around the country in airplanes of...
WhatsApp University is filled with comments on the historic, unprecedented farmer’s agitation. The mainstream media also had to report at least some aspects of the Agitation. But there are questions in the social media...
Internal Working Group of RBI has released a draft report on banking titled, “Ownership Guidelines and Corporate Structure for Indian Private Banks”. Comments on the report can be submitted before January 15. While few...
After more than 3 years of negotiations, strikes and agitations, wage revision for bank employees has been signed on 11.11.2020. For the award staff it is called Bipartite Settlement as they are covered under...
After demonetisation on November 8, 2016, seeing the anger of the people, on Nov 13 PM Modi in an emotionally choked speech in Goa said “I have asked the country for just 50 days....
On October 2020, RBI has slapped a penalty of Rs.1 Crore on Jio Payment Bank. JPB is a venture of Reliance with 70% holding and SBI 30%. The contents of RBI Press Release The...
Netflix is screening a three part series titled “Bad Boy Billionaires – India”. The documentary outlines certain elements of the stories of Vijay Mallya, Nirav Modi and Subrata Roy. The documentaries are inaccurate, inadequate...