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Public Sector Banks

Systematically killing public sector banks: Pushing away people to money sharks

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...

Read more January 23, 2023 at 6:53 pm CFA

Reserve Bank of India – Clueless, Careless and Heartless

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...

Read more December 12, 2022 at 11:30 am Thomas Franco

Why are Public Sector Banks performing better?

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...

Read more November 15, 2022 at 3:24 pm Thomas Franco

Should SBI become the voice of the Government?

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...

Read more October 18, 2022 at 4:46 pm Thomas Franco

Importance of Public Banking System and How the Social Responsibility of Banks is being Diluted

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.

Read more October 3, 2022 at 4:05 pm Thomas Franco

How to destroy the Indian Economy? Poonam Gupta and Arvind Panagaraiya prescribe

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...

Read more August 2, 2022 at 12:31 pm Thomas Franco

Is SBI getting Privatised?

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.

Read more July 25, 2022 at 12:58 pm Thomas Franco

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.

Read more July 11, 2022 at 7:10 pm Thomas Franco

Why Talk of Privatisation When Public Sector Banks are Doing Excellent?

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...

Read more June 27, 2022 at 12:50 pm Thomas Franco

Privatization of Public Sector Banks: A Lethal blow to Social Banking

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...

Read more May 30, 2022 at 6:23 pm Kannan Neelamegan

How do the Indian State and the Banks make Oligarchs the Global Champions?

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.

Read more May 27, 2022 at 5:44 pm Thomas Franco

Can an RBI Board of Director get away calling Public Sector Bank Executives Scums?

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...

Read more May 23, 2022 at 1:53 pm Thomas Franco

IBC’s stressed asset resolution is under severe stress, needs overhauling

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).

Read more May 10, 2022 at 1:00 pm Prasanna Mohanty

It’s Not Freebies, it’s Our Right!

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...

Read more April 25, 2022 at 12:48 pm Thomas Franco

Pension and other Social Security – India lags far behind

Our country’s constitution talks of equality, equal opportunity and social justice.  But unfortunately, even after 74 years, we lag behind in social security.

Read more April 16, 2022 at 1:16 pm Thomas Franco
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