How Banks Are Stealing Our Money

The Indian banking sector is under a prolonged and severe crisis. Bad loans continue to grow and banks remain under-capitalized with profits in the red. As a result, credit growth remains muted, reinforcing the...

Read more June 5, 2020 at 12:44 am CFA

BANKS LEVY NUMEROUS CHARGES ON CUSTOMERS FOR SERVICES

All the banks, especially the public sector banks have a moral obligation and social responsibility of promoting financial inclusion and social welfare. The banks run on the deposits and when a bank sinks, depositors...

Read more April 22, 2020 at 10:11 pm Shivani Dwivedi

Yes Bank Crisis Was Apparent For years, But Regulatory Oversight Was Lacking

Banking is a risky business and there will always be bad loans. Private banks lack a proper governing structure and ethics, and try to avoid RBI scrutiny, say experts The failure of Yes Bank...

Read more March 16, 2020 at 10:23 am Outlook India Outlook India

Random Reflections- Bankrupt Government Looting the Banks

New method Kissan Credit Card scheme to 9 crore PM-Kisan beneficiaries in 2 weeks. The Prime Minister had promised that they would not interfere with Banks. He had accused the previous government of doing...

Read more February 25, 2020 at 11:18 pm Thomas Franco

Random Reflections: Budget 2020 and the Banking Sector

Union Budget is no more an anxiety as many decisions like petroleum product prices, railway fare, tax waiver to corporation, GST are now out of the budget. However some sectors require attention. Most important...

Read more January 23, 2020 at 4:57 pm Thomas Franco

Random Reflections: Are Banks Becoming Arms of the Ruling Party?

The Reserve Bank of India introduced “Know Your Customer” norms under the provisions of “Prevention of Money Laundering Act 2002 and Prevention of Money Laundering (Maintenance of Records) Rules 2005. As per these...

Read more January 16, 2020 at 2:26 pm Thomas Franco

Data on NPAs, Wilful Defaulters and Bad Loan Write Offs

Read more January 7, 2020 at 6:56 pm CFA

Random Reflections: Why is the Finance Minister Shielding Defaulters?

Why are you shielding the defaulters? Madam Nirmala Sitaraman has to answer! The Government of India has released some data on Bank credit which requires critical analysis. In October & December loan melas Public...

Read more December 11, 2019 at 6:55 am Thomas Franco

Random Reflections: MUDRA Loans – Next Avalanche for Banks?

Pradhan Mantri Mudra Yojana was launched on 8th April 2015. Categorised as Shishu, for loans upto Rs.50000/-, Kishore for loans upto Rs. 5 lakhs and Tarun for Loans upto Rs. 10 lakh, the scheme...

Read more November 30, 2019 at 1:24 pm Thomas Franco

The Crisis In The Banking Sector Is A Created One: Priya Dharshini

The crisis in the banking sector is a created one, where the commercial banks have been forced to lend on a large scale to the development projects and to the corporates and which has...

Read more April 28, 2019 at 10:56 am Priya Dharshini

हमारा पैसा, हमारा अधिकार: राजनैतिक पार्टियों से अपील

हमारा पैसा, हमारा अधिकार: एक पारदर्शी और जवाबदेह वित्तीय एवं बैंकिंग व्यवस्था की ओर वित्तीय और बैंकिंग मुद्दों को 2019 के चुनावी अभियान के साथ चुनावी घोषणापत्र में इनको शामिल करने का आग्रह करते हुए...

Read more January 24, 2019 at 11:40 am FAN India

Our Money, Our Right: Appeal to the Political Parties

Our Money, Our Right Towards a Transparent and Accountable Financial and Banking System Appeal to political parties by people’s movements, civil society organisations, trade unions and concerned citizens on finance and banking, with a...

Read more January 11, 2019 at 3:35 pm FAN India

Stand in Solidarity with the Bank Union Strike

Bank unions All India Bank Employee’s Association and Bank Employees Federation of India (BEFI) have called for a two-day nationwide strike today and tomorrow (January 8 and 9, 2019), in support of the general strike...

Read more January 8, 2019 at 6:38 pm CFA

Impact of Global Crisis on the Indian Banking System

This impact is not only circumscribed to NPA. Overall, Indian banking is passing through one of the worst crisis in history. Since the last three years, banking in the public sector is almost stagnant....

Read more December 14, 2018 at 4:32 pm Devidas Tuljapurakar

आजकल विकास का मतलब लूट है

अधोसंरचना, खासकर ऊर्जा के नाम पर हमारे देश में जो हो रहा है उसे सार्वजनिक सम्पत्ति की खुल्लम-खुल्ला लूट के अलावा क्या कहा जा सकता है? मध्यप्रदेश सरीखे राज्य में जहां खुद सरकारी दस्तावेजों...

Read more October 21, 2018 at 5:15 pm Sarvodaya Press