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Nationalisation

Importance of Public Banking System and How the Social Responsibility of Banks is being Diluted

A farmer came to a bank and asked for a loan for cultivation. The branch manager asked for security.  The farmer said that he doesn’t have any security.

Read more October 3, 2022 at 4:05 pm Thomas Franco

Should Corporates Own Banks?

“It would be difficult to undertake credit planning unless the linked control of Industry and Banks in the hands is snapped by Nationalisation of Banks,” said R K Hazari in the R K Hazari...

Read more March 4, 2022 at 1:13 pm Thomas Franco

Why was the Nationalisation of Banks Necessary?

The Socio-political environment of the second half of 1960s reflected a sense of disenchantment in the growing inequalities spawned by the development process–a sense which was highlighted by a series of studies such as...

Read more May 25, 2021 at 11:33 am Thomas Franco

How was Banking in the Private Sector?

There were no public sector banks till 1955. Only on 1st July 1955 Imperial Bank of India was nationalised creating State Bank of India. It is important to know what was banking in our...

Read more May 8, 2021 at 12:05 pm Thomas Franco

Challenges Before the Banking Sector Today

The Public Sector Banks have been facing challenges since 1991 with the so-called reform process. Starting from the Narasimhan Committee to P.J. Nayak Committee has recommended reducing Government share. They want banks to be...

Read more April 26, 2021 at 1:20 pm Thomas Franco

Rail privatisation has been a disaster in Britain. Why is India pushing ahead with it?

As talk of privatising the Indian Railways gathers steam, the Narendra Modi government would do well to pay attention to the experience of the United Kingdom. The UK’s railway system began to develop in the...

Read more March 19, 2021 at 3:08 pm Kavita Kabeer

Why Financial Sector Strike?

Banks and Insurance were in the hands of the Private Sector only till 1969. After the nationalisation of banks in 1969 and subsequently in 1980, the outreach of the banking sector changed. Banks became...

Read more March 12, 2021 at 4:56 pm Thomas Franco

Random Reflections; Privatization of Public Sector – Withering of the State?

We just celebrated the 74th Independence day. On the Midnight of 14th August 1947, Pandit Jawaharlal Nehru while addressing the Constituent Assembly in his famous speech, “Tryst with destiny”, underlined that the service of...

Read more August 22, 2020 at 12:02 pm Thomas Franco

Random Reflections- How & why Manmohan Singh was wrong then & wrong now?

On 24th July 1991 Dr. Manmohan Singh presented his budget to the parliament in which he stated that until November 1989 when his Congress party was in office the economy was doing well but...

Read more August 11, 2020 at 5:29 pm Thomas Franco

A False Debate on the Frauds and Regulations in Public Sector Banks

The war of words between the Finance Minister and RBI governor has steamed up with the Arvind Subramanian, Chief Economic Advisor, jumping in the fray attacking the Urjit Patel, RBI Governor, who commented, among...

Read more March 30, 2018 at 1:10 pm Priya Dharshini

The Privatisation of Public Sector Banks is not a Panacea

In the aftermath of the Rs. 12,000 crore fraud perpetrated by Nirav Modi, the critics of the Indian Banking system has launched into a fresh debate on the ownership structure of India’s Public Sector...

Read more March 30, 2018 at 12:59 pm Moumita Dutta

Ravish Kumar Explains How The Banking System Functions

NDTV India’s multi-part series explained the inside of India’s banking system. This episode takes a hard look at the infrastructure, work pressure, cross-selling, and debate on the privatisation.

Read more February 21, 2018 at 10:25 am CFA

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Centre for Financial Accountability

Address: Address - R–21, Basement, South Extension-2, Delhi – 110049

Phone: +91-11-49123696
E-mail: info@cenfa.org
Website: http://www.cenfa.org/

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    Centre for Financial Accountability (CFA) aims to bring in accountability in financial institutions who lend money to development projects, through research and campaigns.

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