After nationalisation of 14 banks in 1969 and 6 more in 1980, access to credit became possible for small borrowers. But everything changed after 1991 and worsened after 2014. Please refer to tables from...
In a country like India, where millions hover between poverty and fragile middle-class dreams, every bad loan is more than a financial misstep โ itโs a broken promise. The Reserve Bank of Indiaโs (RBIโs)...
Yes Bank, which was rescued from collapse by the largest bank in our country, SBI, and restored to good health, is on sale. From a huge net loss of Rs. 16,418.02 crores in 2020...
The Reserve Bank of Indiaย issued a circular on 30th September 2024 titled, โGold Loans โ Irregular Practices Observed in Grant of Loans Against Pledge of Gold Ornaments and Jewellery.โ The instructions are forย all banksย and...
The Government of India, Ministry of Finance, vide their Letter No: F.No.7/93/2024-BOA-I dated 13.12.2024 under the subject: Stakeholder Consultation on Draft Bill to Curb Unregulated Lending Activities โ reg., has asked states, ministries, RBI,...
SBI, the 218-year-old bank, the largest in the world in terms of number of branches and customers, which is a leader in housing loans, education loans, and many such areas, is conducting a massive...
The United Forum of Bank Unions (UFBU) has started an agitation programme with a massive demonstration across the country on 14 February 2025 (Photos).
Slogans modified. No efforts to revive the Economy. In a surprise, Dr. Ananda Nageswaran, Chief Economic Advisor, with his team of more than 150 people, produced an Economic Survey 2025 with certain critical comments....
Press Release New Delhi | December 23, 2024 The Working Group on International Financial Institutions (WgonIFIs) is disappointed with the recent decision of the World Bank Board of Directors to approve $800 million for...
The second stage of National Thermal Power Corporation Limited (NTPC)ย owned Gadarwara Thermal Power Plant located in Narsingpur district of Madhya Pradesh, 2*800 (1600 MW) is currently in process.
The 80th anniversary of the World Bank is a good time to bury the arguments in favor of reforming the institution and strengthen the demand for radical restructuring. The past eight decades did not...
CFA Explainers The Unified Pension Scheme (UPS) launched by the government as its compromise formula is being celebrated by the godi media as the โbest of both worldsโ, i.e. the Old Pension Scheme (OPS)...
The spotlight shines on transformative initiatives as Finance Minister Nirmala Sitharaman unveils the Blue Economy 2.0 and bolsters the Sagarmala program in the interim budget for 2024-2025.
During 2024, the Asian Infrastructure Investment Bank will review its so-called Accountability Framework. In reality, this is a misnomer, as the Framework serves to actively undermine accountability.