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Systematically killing public sector banks: Pushing away people to money sharks

It was only after the nationalisation of 14 banks on July 19, 1969, that the banks reached the common people. The main changes that were done included a shift from class banking to mass...

Read more January 23, 2023 at 6:53 pm CFA

Behind the ABG Shipyard fraud, a system that lets big firms gamble with savings of ordinary people

As the Enforcement Directorate on Wednesday registered a case of money laundering against Gujarat-based ABG Shipyard based on the complaint of the State Bank of India, the company has been described as being involved in “India’s biggest...

Read more February 22, 2022 at 5:24 pm Ashish Kajla

Random Reflections- Is India’s Banking Sector Moving Towards a Melt Down and Financial Collapse?

Bank’s performance is always the reflection of the country’s economy. Though results are not out for the financial year 2019-20, analysis shows that many banks will be showing a huge loss. The last quarter...

Read more May 28, 2020 at 11:19 am Thomas Franco

Random Reflections-The Tamasha about Write off, Waive off and the Reality

When COVID-19 cases are increasing, people are waiting for relief package every day, states are begging the Centre for release of GST share, permit more loans, allow RBI to lend to states at repo...

Read more May 5, 2020 at 11:04 am Thomas Franco

Random Reflections-Economic Package Needed for the Country

Everyone accepts that the Covid-19 problem is not going to be over by April 14. When we were all anticipating an economy package, the PM asked us to hold candles and lights. To revive the economy,...

Read more April 7, 2020 at 12:37 pm Thomas Franco

Snippets from the World of International Financial Institutions – July, 2019

The Resignation of IMF Chief, and Western Dominance in IFIs Christine Lagarde, IMF’s Managing Director, resigned this month after she was nominated to head the European Central Bank. She previously served as France’s finance minister during...

Read more July 27, 2019 at 2:01 pm Maju Varghese

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