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...
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 doesnât have any security.
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...
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.
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.
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