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...
RBI ‘relaxes’ norms on BSBDA accounts: There are news reports mentioning that with the new notification RBI has eased norms for BSBD accounts and new facilities will be provided to Basic Saving Bank Deposit...
For Immediate Release Not Just RTGS And NEFT, RBI Must Do Away With All Bank Charges Financial Accountability Network India welcomes the Reserve Bank of India’s decision to remove charges for the RTGS and...
As a part of FAN India’s campaign against bank charges imposed on saving account holders, people have been lending support by sending emails to RBI governor and demanding the removal of the various charges...
क्या ठेठ चुनावी गहमा-गहमी के दौरान कोई निजी कपनी अपनी बिजली की कीमतों में इजाफा कर सकती है? और ऐसा करते हुए उसे कोई देख, टोक तक नहीं पाता? गौर से देखें तो बिजली...
This book, published by the Centre for Financial Accountability (CFA), New Delhi, critically analyses some of the major economic policies of the National Democratic Alliance (NDA) government since May 2014. The book chronicles “tectonic...
More NPAs to haunt banks with IL&FS Exposures: The NCLT has asked the banks to consider their exposure to ILFS as NPAs. Earlier NCLT has restricted banks from declaring their exposure to IL&FS prompting...
लोकसभा चुनाव के बीच, केद्रिंय विधुत विनियामक आयोग ने अडानी मुद्रां पावर परियोजना की 2000 मेगावाट यूनिट का तय टैरिफ 2.80 रुपए से बढाकर 3.10 रुपए करने का आदेश जारी कर दिया है। इसका...
Criticising the latest Reserve Bank of India’s (RBI) annual Banking Ombudsman Report, which revealed dissatisfaction among 25 per cent customers, Financial Accountability Network (FAN India), has issued a public statement chiding RBI for being...
Banks act as financial intermediaries between depositors and borrowers. It is the public money, deposited in the form of term deposit (fixed deposits) and time deposit (saving and current accounts) which banks use for...
The Financial Year 2018-19, which recently ended, proved to be the most challenging year for the financial world. The first and foremost challenge was the introduction of the Financial Regulatory and Deposit Insurance Bill...
Bad loans have worsened the banks’ balance sheet. Because of this, the money which banks need to put aside (called provisions) for bad loans has increased manifold, resulting in a decrease of money available...
To access the banking system through various platforms/processes, banks provide different kind of services to depositors. Bank charge is a fee that banks charge depositors to access these banking services. Recently, banks have started...
The budget session of the parliament witnessed the members asking government questions related to finance. Some of these questions were related to the NPAs, rationalisation of the overseas branches of the banks, charges levied...