While the RBI was sleeping…
Nearly a month after Maruti Suzuki chairman RC Bhargava raised a stink by saying that people’s ability to buy small cars has eroded and would continue to decline next year and national dailies reported...
Why are Public Sector Banks performing better?
The quarter 2 results of the public sector banks are noteworthy compared to a few years ago. All these banks showed good profits in the financial year 2021-22. Twelve PSBs made a net profit...
The biggest hurdle in facing the recession is the Govt’s lack of political will
“In my entire career as a public servant I haven't witnessed the extraction of public wealth for private profit on the scale that we see today”, said Jawhar Sircar, Rajya Sabha member, Trinamool Congress,...
Why inflation blew up in our face and why RBI won’t explain the reasons to the people
It has been more than 9 months since inflation broke the 6% ceiling. As per the law, RBI is going to write to the government explaining their failure to contain it, but both parties...
IDBI Privatisation: Betrayal with Parliamentary Mandate & Mandate of the Constitution
After getting independence in the year 1947, India adopted the process of planning for the economic development of the country. As soon as it became a republic, in 1950, the first five-year plan was...
Should SBI become the voice of the Government?
State Bank of India is a Public Sector Bank in which the Union Government holds a 54% share. It has to be independent, and it has acted independently in the past. For example, Mr...
IDBI Bank Sale—The Height of Madness
When the Nobel Prize in Economics is awarded to economists for their work on “why banks should not be allowed to fail,” the Union Government announced an Expression of Interest in selling IDBI Bank.
Understanding Deregulation, Privatisation & Economic Reforms: What derailed the Indian economy?
The derailment began in 1991, with the World Bank, an IMF loan, and the liberalisation, privatisation, and globalisation agenda.
Banks must adopt ESS safeguards in lending
As we observed environment day during one of the hottest Indian summers, the near absence of climate change as a civic discourse is alarming. At a time when the world finds itself in the...
RBI’s “Consultative Document on Regulation of Micro-Finance” Part 1
In the aftermath of Andhra Pradesh microfinance crisis, erupted in 2010, RBI appointed a committee under the chairmanship of Shri Y H Malegam to study issues and concerns of the Microfinance Sector. Non Banking...
History of Nationalisation of Banks and Task ahead
While celebrating 52 years of Nationalisation, we have a government led by those people who along with their party opposed Nationalisation and now want to privatise everything. It is important to look at History...
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...
Infographics: Indian EXIM Bank
These infographics done masterfully by Kokila Bhattacharya give a holistic picture of the Indian Exim bank - the institution and impacts of the investments. This series of infographics effectively depict the reach of Exim...
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...
निवेशकों से धोखा-धड़ी के दोषी सहारा इंडिया के मैनेजर को गिरफ्तार किया जाय। प्रशासन के नाक में खड़े हो कर की जा रही ठगी।
सहारा इंडिया पैरा बैंकिंग शाखा सीधी द्वारा निवेशकों का पैसा हड़पने का पूरा षड्यंत्र रचा गया है। सहारा इंडिया शाखा सीधी के शाखा प्रबंधक की साजिश धोखाधड़ी के इस खेल के खिलाफ दंडात्मक कार्यवाही...
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