IDBI Bank Sale—The Height of Madness
When the Nobel Prize in Economics is awarded to economists for their work on “why banks should not be allowed to fail,” the Union Government announced an Expression of Interest in selling IDBI Bank.
RBI Bulletin- What did the media miss out?
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.
LIC should run the IDBI bank and not some fortune seekers
In the USA right now, roadshows by our government to sell IDBI Bank are happening, soliciting prospective buyers.
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...
How was Banking in the Private Sector?
There were no public sector banks till 1955. Only on 1st July 1955 Imperial Bank of India was nationalised creating State Bank of India. It is important to know what was banking in our...