How Banks Are Stealing Our Savings?
The Indian banking sector is under a prolonged and severe crisis. Bad loans continue to grow and banks remain under-capitalized with profits in the red. As a result, credit growth remains muted, reinforcing the...
Public Money: Resistance Against Arbitrary Bank Charges
Banks act as financial intermediaries between depositors and borrowers. It is the public money, deposited in the form of term deposit (fixed deposits) and time deposit (saving accounts) which banks use for lending to...
Penalty Levied For Non-Maintenance Of Minimum Balance
Public Sector Banks As per the data provided by the government to the Parliament of India, since the financial year 2014-15, until September 2018, the Public Sector Banks have collected Rs 7027.81 crores for...
59 Minutes Loan Scheme for MSME Sector: Facts and Figures
On December 25, 2108, Minister of State for finance informed the Lok Sabha that out of total 1.31 lakh loan applications received on the newly launched 59 minutes loan, 1.12 lakh applicants received the...
हमारा पैसा, हमारा अधिकार: राजनैतिक पार्टियों से अपील
हमारा पैसा, हमारा अधिकार: एक पारदर्शी और जवाबदेह वित्तीय एवं बैंकिंग व्यवस्था की ओर वित्तीय और बैंकिंग मुद्दों को 2019 के चुनावी अभियान के साथ चुनावी घोषणापत्र में इनको शामिल करने का आग्रह करते हुए...
Our Money, Our Right: Appeal to the Political Parties
Our Money, Our Right Towards a Transparent and Accountable Financial and Banking System Appeal to political parties by people’s movements, civil society organisations, trade unions and concerned citizens on finance and banking, with a...
Book: Rubbles of an Economic Earthquake
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...
Impact of Global Crisis on the Indian Banking System
This impact is not only circumscribed to NPA. Overall, Indian banking is passing through one of the worst crisis in history. Since the last three years, banking in the public sector is almost stagnant....
Ten Years After: Financial Crisis and its Relentless Impact
India’s vulnerability stems from two sources: rapid debt expansion that has increased the volume of doubtful debt and encouraged excess debt exposure in a set of corporates. And increased exposure to dollar debt, partly...
Mainstreaming India’s Poor in Banking
My intent in this article is to flag off a set of relevant issues one will have to deal with while mainstreaming India’s poor in Banking. The article has five sections: (a) Providing a...
Conference on Global Financial Crisis: A Decade after Lehman
Conference on Global Financial Crisis: A Decade after Lehman December 3-4, 2018 Ambedkar International Centre, New Delhi This September marked the 10th year of the global financial crisis. A decade later, the world economy still...
Press Release: A Resolute NO to Merger! Unions and Opposition Unite to Fight Merger of Public Sector Banks!
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...
Should Senior Employees of the Public Sector Join Private Post-Retirement?
The recent appointment of SBI’s Former Chairperson Arundhati Bhattacharya’s as an Independent Additional Director at the board of Reliance Industries Limited has sparked public debate on the post-retirement career of senior employees of the...
Bank Merger: Debunking the Myth of “Too Big to Fail”
New Delhi, November 3, 2018: “The Union government is pushing through the merger of Public Sector Banks (PSBs) with a misplaced notion that fewer stronger banks will be “too big to fail”. It’s ironical...
Bank Charges Needs to be Reviewed Immediately
The Banks have been levying bank charges for providing various services like ATM card, chequebook, annual statement, and transactions. These charges directly affect the poorest sections of society. In August 2018, the Union Minister of State...
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