More merger of banks and increase in FDI to 49% – Dangerous plan
News reports have stated that the Government of India is going to constitute a committee to look at further merger of public sector banks to four to five from the present 12. We had...
Banking Correspondents: The Real Architects of India’s Financial Inclusion Revolution
Financial inclusion has been one of the most significant socio-economic transformations witnessed in India over the last two decades. There was a time when banking services were largely confined to cities and towns, while...
Response to the RBI on it’s revised directions on relief measures in areas affected by natural calamities
To The Chief General Manager Credit Risk Group, Department of Regulation Central Office, Reserve Bank of India 12th / 13th Floor, Shahid Bhagat Singh Marg Fort, Mumbai – 400 001 Subject: Concerns regarding the...
Response and comments on RBI’s Relief Measures in areas affected by Natural Calamities
CFA submitted comments to the Chief General Manager, Credit Risk Group, Department of Regulation, Reserve Bank of India, on the Draft Directions on Relief Measures in Areas Affected by Natural Calamities dated January 27,...
How banks continue to ignore climate disaster-induced debt
Over the last seven years, Indian banks have offered little loan relief to extreme weather and disaster survivors. The new RBI disaster relief guidelines, set to take effect this year, continue this gap by...
Banking Industry on the Brink of a Nationwide Strike Again – DFS Responsible
The United Forum of Bank Unions, in their letter to the Central Labour Commissioner, which is communicated via a circular to its members, has stated, “It frustrates the process already underway before your office,...
Will mis-selling in banks stop?
Instead of concentrating on deposits and loans, banks were asked to become financial supermarkets selling insurance, mutual funds, shares, and other products. It was argued that insurance penetration in the country was low and...
Imaginary figures to dramatize the Labour Codes – Should SBI’s Economic Research Wing do this?
Researchers and writers are expected to analyse schemes critically. They should look at the positives and negatives. Once upon a time, SBI’s Economic Research Wing used to do this. Often, it used to be...
Wayanad relief: Why India needs climate-sensitive banking now more than ever
With assets wiped out, crops lost and livelihoods ruined, disaster-hit families desperately need new loans or relief from existing debts. The women of Wayanad affected by the devastating 2024 landslide that scarred their lives...
Civil Society Members Appeal to Banks to Withhold Investment in Anuppur Thermal Power Project
Civil society organisations, people’s movements, and individual activists have submitted a detailed appeal to banks, urging them to withhold investment in the proposed Anuppur Thermal Power Project in Madhya Pradesh. The plant is being...
Massive Public Hearing of Women Charge Sheet the Union Govt, RBI, NBFCs and MFIs
More than 500 delegates and observers of the All India Democratic Women’s Association, the largest women’s organisation in the country with more than 10 million members, held the Government of India, Reserve Bank of...
By pushing people to money lenders the Union Govt and RBI are implementing Manusmriti
History shows that in primitive society there was no money lending and people shared their natural resources. In India, the concept of lending has been recorded during the Mauryan age, i.e., 321–185 BCE. Kautilya’s...
Increase in ATM Charges and RBI Actions and Inactions
From the first of May, the Reserve Bank of India (RBI) has permitted the banks, an increase in the charges for ATM transactions above a free limit. The free limit is 5 transactions in...
Secrecy is protecting defaulters under the RBI Act and the proposed DPDP Act.
The whole world is talking about transparency, while data is accessed by the Big Four companies (Google, Microsoft, Amazon and Meta) virtually and used widely, invading your privacy. Mukesh Ambani said, “Data is the...
अधोसंरचना विकास के नाम पर कर्ज का दर्द
वर्ष 2005 में नगर निगम जबलपुर ने शहर में सीवर लाइन व नाला निर्माण वाटर ड्रेनेज योजना के नाम पर एशियन डेवलपमेंट बैंक से 196 करोड़ का कर्ज लिया था।न तो सीवर लाइन का...
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