The nationalisation of 14 banks on 19th July 1969 was the most desirable and important economic cum social reform in independent India. After 2 days of Nationalisation, Mrs. Indira Gandhi explained to the Parliament...
The plain truth is- âwithout depositor's funds, banks will cease to exist.â Hence, the banks have a primary responsibility towards the depositors. They should not only keep the deposit safe but also provide a...
It was only after the nationalisation of 14 banks on July 19, 1969, that the banks reached the common people. The main changes that were done included a shift from class banking to mass...
RBI is the regulator and supervisor of the monetary system. Its objectives are, to maintain public confidence in the system, protect depositorsâ interests and provide cost-effective banking services to the public. Its roles are...
The quarter 2 results of the public sector banks are noteworthy compared to a few years ago. All these banks showed good profits in the financial year 2021-22. Twelve PSBs made a net profit...
A farmer came to a bank and asked for a loan for cultivation. The branch manager asked for security. The farmer said that he doesnât have any security.
It is surprising that none of these national newspapers noticed the footnote in the publication which said that this was not the opinion of the RBI.
Last year, a retired scientist received a call purportedly from SBI informing him that his account is blocked for non-compliance of KYC. They sent him a password to be shared with the caller. He...
A report presented by Poonam Gupta and Arvind Panagaraiya at the India Policy Forum 2022 on 12th July, is clearly a prescription for destroying the Indian Economy which is already on the verge of...
Arvind Panagariya and Poonam Gupta have come up with a demand that all public sector banks except the State Bank of India should be privatised.
In the USA right now, roadshows by our government to sell IDBI Bank are happening, soliciting prospective buyers.
The net profit of the public sector banks in 2021 was Rs.31,820 crore and their operating profit was Rs.1,97,376 crore. The net profit increased by 109% to Rs.66,541 crore in 2022 and the operating...
âIt would be difficult to undertake credit planning unless the linked control of Industry and Banks in the hands is snapped by Nationalisation of Banks,â said R K Hazari in the R K Hazari...
From 1991 with the debut of neoliberal policies we have followed the dictates of IMF, the World Bank, the Financial Stability Board (of G-20) and now even the World Economic Forum.
Newton Kumar who is known on Twitter as @idesibanda has compiled data on the banksâ business and employee strength based on annual reports of the banks. The data on number of customers per employee...
