Chapter 7 of Economic Survey dealing with the banking crisis strongly emphasizes that the continuation of the policy of forbearance followed in the wake of Global Financial Crisis (GFC) even after 2011 was the...
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...
Bank’s performance is always the reflection of the country’s economy. Though results are not out for the financial year 2019-20, analysis shows that many banks will be showing a huge loss. The last quarter...
The Banking Sector was already in crisis. Crisis was created through the policies. Large credit was encouraged leading to the NPA Crisis. Development institutions like IDBI, ICICI and even UTI were converted into banks....
The government of India has reduced deposit interest rates drastically in addition to the banks which have been reducing the rates in tune with reduction of repo rates by the RBI. (Repo rate is...
Everyone accepts that the Covid-19 problem is not going to be over by April 14. When we were all anticipating an economy package, the PM asked us to hold candles and lights. To revive the economy,...
मेवात (Mewat Banking Problems) राजधानी दिल्ली की तेज रफ्तार जिंदगी से करीब 90 किलोमीटर दूर है, अरावली की पहाड़ियो से घिरा मेवात जिला। मेवात (Mewat Banking Problems) राजधानी दिल्ली की तेज रफ्तार जिंदगी से करीब...
The SBI chairman has made a statement in Davos, Switzerland on the sidelines of the World Economic Forum that Yes Bank will not be allowed to go down. The same chairman sometimes back stated...
More than a month of waiting for 16 lakh depositors is leading to a dangerous position of loss of faith in banks. The Cooperative banks have more than 13 crore small depositors. RBI has...
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...
India Inc. is now officially facing an economic slowdown. But economic slowdowns aren’t made overnight. This has been in the offing for almost a year now. On 23 June 2019, the Reserve Bank of...
Insolvency and Bankruptcy Code (IBC), once hailed as the panacea of all ills plaguing bad debt of corporations and for quick recovery of outstanding loans from them, has been in operations for a while...
The first budget of the newly re-elected government was placed on July 5, 2019, by the Finance Minister Nirmala Sitharaman. The budget failed to address the real problems of the economy like unemployment, agrarian...
RBI ‘relaxes’ norms on BSBDA accounts: There are news reports mentioning that with the new notification RBI has eased norms for BSBD accounts and new facilities will be provided to Basic Saving Bank Deposit...