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.
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...
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...
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 canât take care of 140 billion people but will create a few global champions.
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, âEfficient officials in Public Sector Banks are leaving because of low salary and lack of freedom, and...
IBCâs stressed asset resolution is under severe stress, needs overhauling
Everything that can go wrong is going wrong with the big-ticket âreformâ Insolvency and Bankruptcy Code (IBC) of 2016, which was sold as the panacea for stressed asset resolutions (NPAs).
Itâs Not Freebies, itâs 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...
Pension and other Social Security â India lags far behind
Our countryâs constitution talks of equality, equal opportunity and social justice. Â But unfortunately, even after 74 years, we lag behind in social security.
How did the banks help BJP to win UP?
BJP has secured a landslide win in Uttar Pradesh and there are many reasons stated in the press and on the TV discussions, but one which has not come to focus is how the...
Should Corporates Own Banks?
âIt would be difficult to undertake credit planning unless the linked control of Industry and Banks in the hands is snapped by Nationalisation of Banks,â said R K Hazari in the R K Hazari...
Dubious ways of Privatising Banks without calling it Privatisation
From 1991 with the debut of neoliberal policies we have followed the dictates of IMF, the World Bank, the Financial Stability Board (of G-20) and now even the World Economic Forum.
The merger of PSBs- A Failed Experiment!
On 1st October 2017, five associate banks of SBI were merged in the State Bank of India. Dena Bank and Vijay Bank were merged in Bank of Baroda on 1st April 2019, while in...
A Dint on the PSBâs NPA Management
The global economy is in a downward trend, fueled by the 3rd wave of the pandemic. In India, the role of Public Sector Banks (PSB) who constitutes more than 65% of the banking system,...
The Fate of Rural and Farm Credit with Privatisation of Banks
Rural and farm credit were totally neglected before the nationalisation of banks on 19th July 1969. The historic All India Rural Credit Survey carried out in 1954 showed that formal credit institutions provided less...
Privatisation of Banks â A Comedy of Errors or Sale to Corporates?
Amendment of the banking law has been enlisted in this session of parliament. This is a reversal of the nationalization affected in 1969 and 1980, taking over private banks from business houses that were...
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