कैसे बैंक हमसे हमारी बचत के पैसे लूट रहे हैं?
भारतीय बैंकिंग क्षेत्र एक लंबे और गंभीर संकट के दौर से गुजर रहा है। बुरे ऋण बढ़ रहे हैं और बैंक घटते मुनाफे के साथ कम-पूंजीकृत हो रहे हैं। नतीजतन, साख वृद्धि थम सी...
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...
Random Reflections- Altering the Course of Banking
The Banking Sector was already in crisis. Crisis was created through the policies. Large credit was encouraged leading to the NPA Crisis. Development institutions like IDBI, ICICI and even UTI were converted into banks....
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...
Banking in Disarray! How to bring it back on tracks?
RBI in its first announcement dated 27th March 2020, consequent upon corona pandemic 2019 had come out with various initiatives such as reduction in CRR, Repo Rate etc. thus to improve upon liquidity position...
DEPOSITORS FACING DOUBLE WHAMMY OF KEEPING SAVINGS AND PAYING FOR BANK LOSSES
The savings of people deposited in banks form the capital of banks which banks lend to borrowers. Banks earn interest on the loans issued to borrowers. The cost of operating expenses including salaries comes from this...
Random Reflections: Brothers have the last laugh- Banks become bald with haircut
Mukesh Ambani and Anil Ambani divided their companies under the Reliance empire in 2005. Brothers continue to use the same Reliance brand. Reliance is known for malpractices as explained in books like Ambani &...
Random Reflections- Will the FM yield to the demands of the people & apologise?
The Finance Minister has reprimanded the Chairman of State Bank of India in an outreach meeting at Guwahati in which the Finance Minister of Assam Himanta Biswa Sarma, officials from banks and state government...
Random Reflection: PMO, Finance Ministry and the Finance Mess
It’s a known fact that decisions of every Ministry is taken by the Prime Minister’s Office (PMO), which has officers responsible for each Ministry. For a population of 130 billion, one PMO, which earlier...
Snippets from the World of National Financial Institutions – September, 2019
Rs. 1.76 lac crore from RBI’s reserve fund transferred to Central Government RBI central board accepted the recommendations of the Jalan Committee – formed last year to review the economic capital framework for RBI’s reserved funds...
Mergers To Serve Corporate Interests
On August 30, Finance Minister Nirmala Sitaraman announced the consolidation of 10 public sector banks (PSBs) into four large ones. The background of the announcement is the current full-blown economic crisis and a brewing...
Experts, Activists and Journalists Discussed Infrastructure Finance
Experts, Activists and Journalists Discussed Infrastructure Finance in India: A Report September 6, 2019, Nagpur: Around 60 activists, researchers, academics, journalists, trade unionists and grassroots community organisers attended recently concluded two-day conference on Infrastructure...
Videos: RBI’s Reserve Fund Transfer & Banks Mergers: A Loot or Boost?
In the wake of RBI’s decision to transfer Rs 1.76 lakh crore to the government as per the recommendations of the Bimal Jalan-led committee; and Modi Government’s the decision to merge 10 Public Sector...
Bank Mergers Why For?
Nirmala Sitaraman, Minister of Finance, in her latest press conference, announced the merger of 10 Public Sector Banks (PSBs) to carve out four big banks. In the process six, PSBs are being closed. Presently...
Snippets from the World of National Financial Institutions – August, 2019
Sovereign Debt: Liability in Perpetuity The announcement – made by Nirmala Sitharaman, Finance Minister of India in her maiden budget speech – that India will look for options to raise funds from external markets...
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