On August 30th 2019 Finance Minister Nirmala Sitharaman announced collapsing of 10 Public Sector Banks in 4 Banks. A lot has been said about what will be the impact of this decision on NPA...
NewsClick spoke to Priya Dharshini from the Centre for Financial Accountability about the ongoing bank mergers in order to understand the larger implications of the mergers on the banks as well as economy. We...
On August 30, Finance Minister Nirmala Sitaraman announced the consolidation of 10 public sector banks (PSBs) into four large ones. The background of the announcement is the current full-blown economic crisis and a brewing...
In the wake of RBI’s decision to transfer Rs 1.76 lakh crore to the government as per the recommendations of the Bimal Jalan-led committee; and Modi Government’s the decision to merge 10 Public Sector...
पिछले साढ़े चार वर्षों में, देश एक बड़ी सामाजिक-राजनीतिक और आर्थिक उथल-पुथल से गुजरा है जैसा पहले कभी नहीं था। हाल के इतिहास में कभी भी एक साथ देश के इतने बड़े समूह को...
In the past four and a half years, the country has gone through a major socio-political and economic upheaval as never before. At no point in the recent history has the country as a...
For Immediate Release A Resolute NO to Merger! Unions and Opposition Unite to Fight Merger of Public Sector Banks! New Delhi, November 2, 2018: “Under the present government, the Lion in the Make in India...
All India Bank Officers’ Confederation in a statement condemning the bank merger said, “the announced merger of three public sector banks is nothing but a diversion away from the core issue of NPA recovery....
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...
More than 10,000 bank employees and officers from across the country marched from Ramlila Grounds to Parliament on September 15, 2017. They were marching to protest the anti-people banking reforms being implemented by successive...