More merger of banks and increase in FDI to 49% – Dangerous plan
News reports have stated that the Government of India is going to constitute a committee to look at further merger of public sector banks to four to five from the present 12. We had...
Indian Banking Paradox: Accounting Profit Vs Social Profit
We are in the midst of major changing times in recent history; internationally, domestically in general and the Indian banking system in particular. First time after independence, Indian banks are being sold to foreign...
A Note on Agriculture Debt Relief in Maharashtra
In 2017, Maharashtra implemented an agriculture debt relief scheme that waived debt amounting to ₹18,762 crore. This was followed by another debt relief program in 2019 for an amount of ₹20,497 crore. In the...
Merger of Banks, Appointment of MDs from Private Sector and Privatisation of Banks
The Finance Minister has again started talking about the merger of 2–3 big banks to compete in the global market, and newspapers say that the government is considering the appointment of Managing Directors in...
PSB Manthan to Privatise Public Banks – A Dangerous Path
As per reports in Business Standard, “Call for paring Govt stake in Public Sector Banks, diluting the Government’s stake in them and leaving their regulations to the RBI were among the key new ideas...
Private Banks overtaking Public Banks in business – it’s a plan – not a surprise.
The Annual Report of RBI 2025 and Basic Statistical Return 1 and 2, March 2025, reveal the increasing share of number of deposit accounts, deposits, loan accounts, and loan amount shifting to private banks....
Banks and Disaster Relief
With climate change, human interventions, unscientific development and greed, disasters are frequently happening in the country. As Dr P. Sainath writes in the title of his famous book, “Everybody Loves a Good Drought,” everyone...
How the Banking Sector has been Destroyed in the Last 10 Years
The claim of the Prime Minister that the Banking Sector has become robust is not true if we analyse the facts and figures. On Jan 1 2015, Gyan Sangam 1 was organised in Pune...
Failing Resolutions, Faltering Recovery: Unchecked Vikas of Corporate Defaulters
The gap between the IBC's intended purpose and its real-world uses raises worries about the overall economic impact.
How they are Bleeding the Public Sector Banks & Road Ahead
Report of the webinar co-organized by All India Bank Officers Confederation and Centre for Financial Accountability on 26th December 2023.
Banking Sector shows the way for Industrial Relations and improved productivity
The Indian banking sector has a unique industrial relations machinery that came into practice through struggle and sacrifices, and it is not only for the workmen but also for the officers.
Customer Service in Public Sector Banks – Is the Finance Minister Irresponsible?
A recent news report by ANI and PTI reported that a senior citizen, Surya Harijan walks many kilometres barefoot with the support of a broken chair to reach a bank to collect her pension...
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...
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...
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...
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