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...
The Life Insurance Corporation of India’s (LIC) Initial Public Offer (IPO) has been opaque and only after the issue of the Red Herring Prospectus(RHP) some details have emerged.
Every single institution built up during the last 75 years is either being weakened, strangulated or killed at a slow pace.
Across the globe, we are seeing a rise in authoritarian regimes. Vladimir Putin in Russia, Jair Bolsonaro in Brazil, R.T. Erdoğan in Turkey, Xi Jinping in China and Narendra Modi in India are glaring...
On 14th March 2022, RBI issued revised instructions for microfinance loans to the poor by Non-Banking Financial Companies (NBFCs) called Micro Finance Institutions (MFIs).
While claiming that India is number one in vaccination, the Economic Survey presents a chart of a few countries, leaving out China. To show our spending in the social sector is worthwhile, it provides...
State Bank of India has announced changes in the recruitment policy, which have come under valid criticism. How can SBI, which should be a model employer, become a guinea pig for wrong policies?
In spite of strong opposition from all sections of the society, the Finance Minister has recently asked her Ministries to speed up LIC Initial Public Offer (IPO).
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...
The recent deal between Adani Capital and the State Bank of India has raised eyebrows. State Bank of India was known as the people's bank, and it could rightly claim that it was 'the...
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...
The book is worth reading to know how the public sector banks, the RBI and the Ministry of Finance deal with banking. How they create a crisis and try to manage it. I am...
The Union Government has announced setting up of a Bad Bank (the name itself is bad), called the National Asset Reconstruction Company Ltd (NARCL). It will buy loans above Rs.500 crores from the banks....
In a democracy, debates and discussions and are essential. Issues of governance are of vital importance. Parliament is meant to keep a check on the government by the people and for the people. But...
In January 2018, the Government of India launched EASE 1.0. It was developed by Boston Consultancy Group (BCG), a multinational consultant with no experience in banking at all, and it is still run by...