Bank Frauds and Risk Management in India
After the spate of bank frauds came into the light, the parliamentarians raised this issue in the ongoing session of the parliament. Answering the question in the Lok Sabha, on July 20, 2018, on...
Is Ownership Neutrality A Step Towards Privatisation?
The privatisation of public sector banks has been an issue of debate for a long time. Economic experts are again talking about privatisation of public sector banks (PSBs) due to current non-performing assets (NPAs)...
LIC Rakes in Money Because of over 25 Crore Policyholders
Last week, according to the media reports, the board of the Insurance Regulatory and Development Authority of India (IRDAI) approved public-owned Life Insurance Corporation’s (LIC) proposal to increase its stake in the troubled public...
The Best of Finance Matters: First Anniversary Issue
A year back when we started our weekly newsletter Finance Matters, what we intended was to bring together the news and analysis from the world of finance, in a form and language comprehensible to...
India’s Publicly Owned Banks ‘Favour Coal Lending Over Renewables’
The Centre for Financial Accountability said coal received $9.4bn last year, compared to clean technologies receiving $3.5bn India’s public-owned banks and finance groups lent more money to coal projects than renewables in 2017. That’s according...
Banks Desperate to Bail Out Coal Power Sector Outside IBC
According to recent news published on the Business Standard, the leading banks of India are designing a scheme for bailing out stressed assets in the power sector, which, as per the latest report of Parliamentary Standing Committee on...
Report: Citizens Report on Four Years of Modi Government
The report “Citizens’ Report on the “Four Years of the NDA Government, 2014-18: Promises & Reality” – a civil society initiative’ is a collective work by experts, development networks and civil society organisations working...
Financially inclusive India! Are we?
The 2017 Global Findex Database of the World Bank Group portrays India in a remarkably favourable light owing to the sharp increase in the number of bank account holders in the country, but the...
Modi Government Wrecking Public Sector Banks and the Indian Economy
Public Statement | April 27, 2018 After Demonetisation, now the Cash Crunch in ATMs: Modi Government Wrecking Public Sector Banks and the Indian Economy A Joint Statement In the past few weeks, ATMs across...
Demonetisation, cash crunch wreck banks, economy: Experts, activists
Nearly 100 major groups and several prominent experts have attacked the NDA government for the manner in which the banks and economy are being wrecked due to the impact of demonetisation followed by the...
Why do the corporations owning 80% of NPAs go scot-free?
“Why do the big corporations who owe 80% of NPAs go scot-free?,” M.K. Venu of the Wire asked at the public meeting titled ‘Crisis in the Banking Sector: Who Stole? Who Pays?’ Crisis in...
Bank recapitalisation is Not Exactly a Solution to the NPA crisis
An intervention of Anupam, Swaraj India, at the public meeting titled ‘Crisis in the Banking Sector: Who Stole? Who Pays? “Crisis in the Banking Sector: Who Stole? Who Pays?” Crisis in the Banking Sector: Who...
व्यवस्था की विफलता से होते हैं वित्तीय घोटाले – एआईबीओसी
नई दिल्ली : पंजाब नेशनल बैंक के घोटाले ने सबको झकझोर दिया है। बैकिंग सेक्टर पर छाए इस संकट को लेकर ऑल इंडिया बैंक ऑफिसर्स कॉन्फ़ेडरेशन (एआईबीओसी) भी चिंतित हो गया है। इस संगठन...
Scams happen due to loopholes in the system: Bank officers body
New Delhi, Feb 23 (PTI) The All India Bank Officers Confederation (AIBOC) today alleged that most financial scams take place due to loopholes in the system. At a public meeting here on “Crisis in...
Banking sector crisis part of larger mess: CPI-M leader
Communist Party of India (Marxist) leader Nilotpal Basu on Friday said the present crisis in the banking sector is part of a larger crisis the country is facing on multiple fronts. “Corruption today is...
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