Insolvency of ‘Insolvency and Bankruptcy Code’ – Booklet
Insolvency and Bankruptcy Code was brought in 2016 with a huge fan flare and was presented as a magic solution for the underlying problem of corporate bad loans. After 5 years, we can see...
Bank Nationalization Day: In Defense of Public Sector Banks
19th of July is marked as the bank nationalisation day, recognising the historical decision of the Indira Gandhi government to take control of private banks. It is not an exaggeration to say that the...
People’s money for people’s welfare
On the eve of independence of our country, on 14th August 1947, Pandit Jawaharlal Nehru spoke in the Constituent Assembly that India has a tryst with destiny. Similarly AIBEA made a tryst with destiny...
The Challenge of Revival of Development Finance in India: A Political Economy Perspective
Nationalisation of private sector banks was carried out during the decades of seventies and eighties by the Indian state with the aim to widen and deepen the path of capitalist transition in India. In...
Naionalisation of Banks: An Outstanding Intervention
The story of India’s Bank nationalisation in 1969, i.e. the public takeover of a significant part of the country’s banking system, its causes, consequences, achievements, and finally concerted attempts to weaken/roll-back the banking and...
Are the Employees of Public Sector Banks Overexploited?
Newton Kumar who is known on Twitter as @idesibanda has compiled data on the banks’ 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...
Did Nationalisation Achieve its Objectives?
Bank Nationalisation and the associated public policies on banking and financial sector development were predicated on the strong assumption of the need for promoting financial intermediation by building institutions, expanding their geographical spread, mobilising...
Why was the Nationalisation of Banks Necessary?
The Socio-political environment of the second half of 1960s reflected a sense of disenchantment in the growing inequalities spawned by the development process–a sense which was highlighted by a series of studies such as...
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...
State-Owned Banks: Do We Need Them Anymore?
As an essential part of the financial system, banks’ role in India’s ambitious goal of becoming a $5 trillion economy has become a topic of intense debate. Significant reforms in scheduled commercial banks, mainly...
Challenges Before the Banking Sector Today
The Public Sector Banks have been facing challenges since 1991 with the so-called reform process. Starting from the Narasimhan Committee to P.J. Nayak Committee has recommended reducing Government share. They want banks to be...
Taking away Govt business from Govt Banks: A deep conspiracy to kill them.
The Finance Minister has announced that the government business handled by the government banks i.e. the public sector banks will also be provided to the private sector. Already certain government businesses have been slowly...
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...
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