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...
Report on the Round Table and Workshop: Holding Financial Institutions to Account
The round table on “Financial Accountability: Reclaiming Oversight of Credit and Ethical Investment” and the subsequent workshop on pathways towards transparency of project investments” were organised by the Centre for Financial Accountability (CFA) as...
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...
Loan Write-offs and Reduction in Rural Bank Branches Are Undermining Financial Inclusion in India
As the DFS gears up for its stock-taking meet, it must recall that true financial inclusion needs more public sector bank branches and staff. It appears that a major stock-taking and brainstorming is being organised by...
Reducing Small Loans from Banks – A Serious Alarm, Act Immediately
After nationalisation of 14 banks in 1969 and 6 more in 1980, access to credit became possible for small borrowers. But everything changed after 1991 and worsened after 2014. Please refer to tables from...
RBI Draft on Gold Loans Sending People to Money Lenders!
RBI Governor on 9th April 2025, after the Monetary Policy Committee meeting, announced that co-lending model will be expanded and a draft guideline for lending against gold will be circulated. RBI / 2025-26 /...
RBI Attack on Small Borrowers – New RBI Governor Should Act
The Reserve Bank of India issued a circular on 30th September 2024 titled, “Gold Loans – Irregular Practices Observed in Grant of Loans Against Pledge of Gold Ornaments and Jewellery.” The instructions are for all banks and...
RBI, Artificial Intelligence, Machine Learning and MNCs – Dangerous proposal – Must be dropped
When RBI is refusing to disclose details of borrowers whose loans are written off except in the case..
Tata gets a loan at 4.5%, but the poor pay over 26% for microfinance!
On 14th March 2022, RBI issued revised instructions for microfinance loans to the poor by Non-Banking Financial Companies (NBFCs) called Micro Finance Institutions (MFIs).
GoI selling PSUs to ‘dubious’ investors amidst rising inequality, unemployment
In its reckless privatisation drive, the Government of India (GoI) is selling the Central Electronics Limited (CEL) to Nandal Finance & Leasing Private Limited, a Non-Banking Financial Corporation (NBFC) with a dubious record, owned by a...
Govt continues its reckless selling of PSUs amidst rising inequality & unemployment
In its reckless privatisation drive, the union government is selling Central Electronics Limited (CEL) to Nandal Finance & Leasing Private Limited, an NBFC with a dubious record, owned by a furniture company, with less...
Random Reflections- Solutions for the Banking Sector
“Call the dog mad and shoot it” was the old slogan. The present slogan is, “poison the dog, make it look like mad and shoot it”. The governments have done exactly the same with...
In the shadows of a debt crisis: A closer look at how IL&FS episode unfolded and impacted the larger economy
India Inc. is now officially facing an economic slowdown. But economic slowdowns aren’t made overnight. This has been in the offing for almost a year now. On 23 June 2019, the Reserve Bank of...
The Budget Presents Government’s Myopic Vision on the Banking Sector
The first budget of the newly re-elected government was placed on July 5, 2019, by the Finance Minister Nirmala Sitharaman. The budget failed to address the real problems of the economy like unemployment, agrarian...
द्वितीय स्मितु कोठारी फैलोशिप हेतु आमंत्रण
फर्जी खबरों, ब्रेकिंग और एक्सक्लूसिव न्यूज, और 24/7 लाइव न्यूज अपडेट के दौर में, गहराई से, विश्लेषणात्मक और आलोचनात्मक लेखन के लिए जगह सिकुड़ गयी हैं। यह बात सभी विषयों के लिए सही है,...
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