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 depositors’ 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...
State Bank of India is a Public Sector Bank in which the Union Government holds a 54% share. It has to be independent, and it has acted independently in the past. For example, Mr...
A farmer came to a bank and asked for a loan for cultivation. The branch manager asked for security. The farmer said that he doesn’t have any security.
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...
A Critical Report on Indian Overseas Bank Today our country is in an economic crisis, mainly due to the COVID-19 pandemic. There is massive unemployment. Rural infrastructure is not improving, and the Central Government...
Some time ago, Mr Amitabh Kant, CEO of Niti Aayog stated they can’t take care of 140 billion people but will create a few global champions.
S. Gurumurthy, a government nominee on the Board of RBI, made this comment in a recent speech, “Efficient officials in Public Sector Banks are leaving because of low salary and lack of freedom, and...
Everything that can go wrong is going wrong with the big-ticket “reform” Insolvency and Bankruptcy Code (IBC) of 2016, which was sold as the panacea for stressed asset resolutions (NPAs).
On 3rd April, the Prime Minister held a meeting with the Secretaries of various departments. As per reports, several top bureaucrats flagged their concerns over populist schemes and freebies announced by political parties during...
Our country’s constitution talks of equality, equal opportunity and social justice. But unfortunately, even after 74 years, we lag behind in social security.
