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...
The weekly column of Thomas Franco, former General Secretary, All India Bank Officers’ Confederation.
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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...
Isn’t 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 “Ningal Enna Communist Aakki”– You made me a Communist. The happenings on 26th January and the callous attitude with which the government is treating the farmers...
Random Reflections: Micro Finance – Time to look back and make a ‘U’ 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...
Random Reflections; The Farm Laws – More than the farmers, the others have to worry – Why?
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...
Random Reflections- Why Boycott Adani?
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...
Random Reflections- Are the farmers mislead or they are better read? There is more than the farm bills
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...
Random Reflections — Handing over Control of Banks to Corporates will be handing over the Country. Time for Mr SakthiKantha Das to go
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...
Random Reflections- Future of Wage Revision and Trade Unions in Banking Sector – End of the Road?
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...
Random Reflections- Demonetisation – The cruel joke on the People
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....
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