The weekly column of Thomas Franco, former General Secretary, All India Bank Officers’ Confederation.
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The net profit of the public sector banks in 2021 was Rs.31,820 crore and their operating profit was Rs.1,97,376 crore. The net profit increased by 109% to Rs.66,541 crore in 2022 and the operating...
Mr Narendra Modi promised 2 crore jobs per year in 2014 itself. Now after 8 years, unemployment has increased in great proportions due to demonetisation, GST, lockdowns, contractualisation of labour and not filling up...
I was travelling from Chennai to Bhopal by Tamil Nadu Express, which is supposed to be a Superfast Express to attend the ‘All India People's Science Congress.’
On November 8th, 2016, Prime Minister Narendra Modi announced that Rs. 500 and Rs. 1000 currency notes would be abolished. These notes have to be surrendered to the bank branches. He said black money...
Some time ago, Mr Amitabh Kant, CEO of Niti Aayog stated they can’t take care of 140 billion people but will create a few global champions.
S. Gurumurthy, a government nominee on the Board of RBI, made this comment in a recent speech, “Efficient officials in Public Sector Banks are leaving because of low salary and lack of freedom, and...
On 12th May 2022, the bench headed by Honourable Justice D.Y. Chandrachud, Honourable Justice Suryakant, and Honourable Justice P.S. Narasimha admitted WP ( C ) No.366/2022 filed by advocate S. Prasanna and argued by...
The Life Insurance Corporation of India’s (LIC) Initial Public Offer (IPO) has been opaque and only after the issue of the Red Herring Prospectus(RHP) some details have emerged.
Every single institution built up during the last 75 years is either being weakened, strangulated or killed at a slow pace.
On 3rd April, the Prime Minister held a meeting with the Secretaries of various departments. As per reports, several top bureaucrats flagged their concerns over populist schemes and freebies announced by political parties during...
Our country’s constitution talks of equality, equal opportunity and social justice. But unfortunately, even after 74 years, we lag behind in social security.
Across the globe, we are seeing a rise in authoritarian regimes. Vladimir Putin in Russia, Jair Bolsonaro in Brazil, R.T. Erdoğan in Turkey, Xi Jinping in China and Narendra Modi in India are glaring...
'The rot within' is the title of an article of Ms. Purnima. S. Tripathi, wrote in the Frontline magazine, in its March 25, 2022 issue. The article further states – 'State Bank of India,...
On 14th March 2022, RBI issued revised instructions for microfinance loans to the poor by Non-Banking Financial Companies (NBFCs) called Micro Finance Institutions (MFIs).
BJP has secured a landslide win in Uttar Pradesh and there are many reasons stated in the press and on the TV discussions, but one which has not come to focus is how the...