Should Corporates Own Banks?
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...
Dubious ways of Privatising Banks without calling it Privatisation
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.
Are the Employees of Public Sector Banks Overexploited?
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...
Reserve Bank of India or the Richmen Bank of India?
RBI has been losing credibility since demonetisation. Its subsequent efforts like not intervening when Bank charges were increased, proposing banking licences to corporates which RBI all along opposed on well found principles, allowing more...
History Shows that Public Sector Banks are Needed
When India attained Independence in 1947 it inherited a weak, desperate and unwieldy banking structure. Other than the Imperial Bank of India, there were many Indian joint stock banks, but they did not have...
State-Owned Banks: Do We Need Them Anymore?
As an essential part of the financial system, banksâ role in Indiaâs ambitious goal of becoming a $5 trillion economy has become a topic of intense debate. Significant reforms in scheduled commercial banks, mainly...
Random Reflections- Solutions for the Banking Sector
âCall the dog mad and shoot itâ was the old slogan. The present slogan is, âpoison the dog, make it look like mad and shoot itâ. The governments have done exactly the same with...
Banks Paying Heavily for Corporate Loan Waivers: RTI
Not Write offs, Corporate Loan Waivers Banks Recovered Only 10% Bad Loans After Writing Them Off !! According to an RTI response received from Reserve Bank of India, between 2014 and 2019 scheduled commercial...
Random Reflections: 51 Years of Bank Nationalisation â Was it a sin? A vision? A missed opportunity? & Whatâs todayâs position?
Nationalisation of the banks which had deposits above Rs.50 Crores, covering almost 85% of the total deposits on 19th July 1969 was historic, dramatic and welcomed by majority of the people. Some described it...
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