Can Bank Privatisation be Stopped?
Can Bank Privatisation be stopped? This is a question asked by many including journalists. My answer is a resounding YES. It’s not going to be easy but once people of the country realise the...
Taking away Govt business from Govt Banks: A deep conspiracy to kill them.
The Finance Minister has announced that Govt business handled by the Govt Banks i.e. Public Sector Banks will also be provided to Private Sector. Already certain Govt businesses have been slowly handed over to...
Selling the house to have alcohol: Budget 2021-22
Random Reflections We have come across alcoholics selling the property to have their drink. The Central Govt seems to be doing similar things. Public Sector is like the house constructed with great ambition. But...
Random Reflections- Future of Wage Revision and Trade Unions in Banking Sector – End of the Road?
After more than 3 years of negotiations, strikes and agitations, wage revision for bank employees has been signed on 11.11.2020. For the award staff it is called Bipartite Settlement as they are covered under...
Random Reflections- Demonetisation – The cruel joke on the People
After demonetisation on November 8, 2016, seeing the anger of the people, on Nov 13 PM Modi in an emotionally choked speech in Goa said “I have asked the country for just 50 days....
Random Reflections- Bad Boy Billionaires – Few abroad many more in the Country
Netflix is screening a three part series titled “Bad Boy Billionaires – India”. The documentary outlines certain elements of the stories of Vijay Mallya, Nirav Modi and Subrata Roy. The documentaries are inaccurate, inadequate...
Random Reflections; Privatization of Public Sector – Withering of the State?
We just celebrated the 74th Independence day. On the Midnight of 14th August 1947, Pandit Jawaharlal Nehru while addressing the Constituent Assembly in his famous speech, “Tryst with destiny”, underlined that the service of...
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...
19th July Call of the Day is “Defend Bank Nationalisation: – Defeat Bank Privatisation”
19th July 1969, the then Prime Minister Mrs. Indira Gandhi Nationalised 14 major private sector banks. Thus banking reached to the rural areas, backward regions. Banks started lending to the agriculture which enabled green revolution...
Titanic Moment?; Analysis of NPAs & Loans by the PSBs in the Pre-COVID Era
An Analysis of Non-Performing Assets & Loans by the Public Sector Banks in the Pre-COVID Era For the Indian banks, reeling under the weight of mounting Non-Performing Assets (NPAs), COVID came as a blessing...
Random Reflections-Finance Minister on the rampage guided by BCG
Ms. Nirmala Sitharaman while unveiling EASE 30 Public Sector Bank Reform plan stated, “Your good will is lost, personal connection is lost, assessment at the bottom level is lost… forgetting branch level connect with...
Faultlines in the path of PSU privatisation
The Economic Survey for 2019-20, on page 158 in Chapter 7 puts it on record that “PSBs are clearly not efficient today”. This is the statement issued by the owner of these banks. If...
Random Reflections: Economic Survey 2020 – Clueless, Careless & Directionless
Economic Survey of the government earlier used to provide a lot of analytic data. The report constituted of what has been achieved and what has to be the direction for economic and social development...
Random Reflections: Corruption in banks, in the name of cross-selling – Who will bell the cat?
In the name of making banks into supermarkets, providing all financial services, cross-selling was permitted by RBI and the government in the banking industry. Life insurance policies, general insurance policies, mutual funds etc are...
Random Reflections: Why is the Finance Minister Shielding Defaulters?
Why are you shielding the defaulters? Madam Nirmala Sitaraman has to answer! The Government of India has released some data on Bank credit which requires critical analysis. In October & December loan melas Public...
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