Centre for Financial Accountability

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bank nationalisation

Bank Nationalization Day: In Defense of Public Sector Banks

19th of July is marked as the bank nationalisation day, recognising the historical decision of the Indira Gandhi government to take control of private banks. It is not an exaggeration to say that the...

Read more July 23, 2021 at 10:01 am CFA

The Challenge of Revival of Development Finance in India: A Political Economy Perspective

Nationalisation of private sector banks was carried out during the decades of seventies and eighties by the Indian state with the aim to widen and deepen the path of capitalist transition in India. In...

Read more July 19, 2021 at 6:02 pm Dinesh Abrol

Naionalisation of Banks: An Outstanding Intervention

The story of India’s Bank nationalisation in 1969, i.e. the public takeover of a significant part of the country’s banking system, its causes, consequences, achievements, and finally concerted attempts to weaken/roll-back the banking and...

Read more July 19, 2021 at 5:45 pm Praveen Jha

Did Nationalisation Achieve its Objectives?

Bank Nationalisation and the associated public policies on banking and financial sector development were predicated on the strong assumption of the need for promoting financial intermediation by building institutions, expanding their geographical spread, mobilising...

Read more June 2, 2021 at 12:32 pm Thomas Franco

Why was the Nationalisation of Banks Necessary?

The Socio-political environment of the second half of 1960s reflected a sense of disenchantment in the growing inequalities spawned by the development process–a sense which was highlighted by a series of studies such as...

Read more May 25, 2021 at 11:33 am Thomas Franco

Random Reflections; Privatization of Public Sector – Withering of the State?

We just celebrated the 74th Independence day. On the Midnight of 14th August 1947, Pandit Jawaharlal Nehru while addressing the Constituent Assembly in his famous speech, “Tryst with destiny”, underlined that the service of...

Read more August 22, 2020 at 12:02 pm Thomas Franco

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Centre for Financial Accountability

Address: Address - R–21, Basement, South Extension-2, Delhi – 110049

Phone: +91-11-49123696
E-mail: info@cenfa.org
Website: http://www.cenfa.org/

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    Centre for Financial Accountability (CFA) aims to bring in accountability in financial institutions who lend money to development projects, through research and campaigns.

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