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 âtoo big to failâ. Itâs ironical...
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...
Bharat Patel, General Secretary, Machimar Adhikar Sangharsh Sangathan, narrating the history of violations by the IFC, Tata Mundra Power Plant and Peoples’ Resistance to it. The MAAS filed a case in the US federal...
What is the inside story of the bank frauds in India? An insight into the âTop 100â bank frauds by the Central Vigilance Commission On October 15, 2018, the Central Vigilance Commission (CVC) released...
Presently the Indian Banking is passing through a deep crisis mainly on account of mounting Non-Performing Assets, which were unfolded after the Assets Quality Inspection by the RBI at the instance of the then...
The Centre for Financial Accountability (CFA), a New-Delhi based organisation working to strengthen and improve financial accountability within India, invites applications for the inaugural Smitu Kothari Fellowship. The Indian government, for past few decades, has...
Crisis in Public Sector Banks and Importance of Bank Unions – Prof C.P Chandrashekar
A public statement, released jointly by Soumya Dutta of the All-India Bank Officersâ Confederation, Priya Dharshini of the Centre for Financial Accountability, Madhuresh Kumar of the National Alliance of Peopleâ Movements, and Gautam Mody...
In the past few years, a major shift has taken place in the power sector on several fronts including environment clearance, national forest policy, coal mining regulation, power purchase agreement (PPA), fuel supply agreement...
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...
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)...
Last week, according to the media reports, the board of the Insurance Regulatory and Development Authority of India (IRDAI) approved public-owned Life Insurance Corporationâs (LIC) proposal to increase its stake in the troubled public...
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...
Financial analyst and journalist Sucheta Dalal said that the Indian banking system is at the verge of crisis, reeling under the mounting bad loans, caused by unfettered corporate loans. Referring to governmentâs announcement in...
The Centre for Financial Accountability said coal received $9.4bn last year, compared to clean technologies receiving $3.5bn Indiaâs public-owned banks and finance groups lent more money to coal projects than renewables in 2017. Thatâs according...
