Gloating in False Growth?
“The greatest trick the devil ever pulled was convincing the world he didn’t exist.” Those are the famous words from the 1995 thriller ‘Usual Suspects’. That’s a line that one recalls looking at the...
People’s BRICS Summit Calls for Concrete, Time-Bound Action on People’s Demands, Demands Alternative Development Model for Global South
New Delhi: The People’s BRICS Summit has called upon BRICS member countries to move beyond declarations and rhetoric and adopt concrete, measurable and time-bound action on issues affecting working people, farmers, women, workers, Dalits,...
Response to the RBI on it’s revised directions on relief measures in areas affected by natural calamities
To The Chief General Manager Credit Risk Group, Department of Regulation Central Office, Reserve Bank of India 12th / 13th Floor, Shahid Bhagat Singh Marg Fort, Mumbai – 400 001 Subject: Concerns regarding the...
RBI should own responsibility for the extraordinary delay in closing Paytm Payment Bank
RBI has cancelled the licence of Paytm Payments Bank Ltd on 24th April, 2026, more than two years after barring it from accepting deposits or top-ups. The move effectively prohibits the Payments Bank from...
Risk-Based Premium for Deposit Insurance: What It Means for Banks
The Deposit Insurance and Credit Guarantee Corporation (DICGC) has implemented a risk-based premium system from April 1, 2026, replacing the flat rate structure and linking premiums to banks’ risk profiles. The Deposit Insurance and...
Response and comments on RBI’s Relief Measures in areas affected by Natural Calamities
CFA submitted comments to the Chief General Manager, Credit Risk Group, Department of Regulation, Reserve Bank of India, on the Draft Directions on Relief Measures in Areas Affected by Natural Calamities dated January 27,...
Reconsideration of Deposit Insurance Policy and Governance Issues in the Banking Sector
Proposed changes in deposit insurance are set to reshape how banks contribute to the system that protects its depositors. With the Deposit Insurance and Credit Guarantee Corporation (DICGC) introducing a new risk-based premium framework...
Banking Industry on the Brink of a Nationwide Strike Again – DFS Responsible
The United Forum of Bank Unions, in their letter to the Central Labour Commissioner, which is communicated via a circular to its members, has stated, “It frustrates the process already underway before your office,...
Will mis-selling in banks stop?
Instead of concentrating on deposits and loans, banks were asked to become financial supermarkets selling insurance, mutual funds, shares, and other products. It was argued that insurance penetration in the country was low and...
RBI’s Draft Relief Framework on Calamity-Affected Loans: A Missed Opportunity for Genuine Disaster Justice
RBI has released draft Directions for “Relief Measures in Areas Affected by Natural Calamities,” the Reserve Bank of India (RBI) seeking to rationalise and harmonise prudential norms governing loans disrupted by calamities and other...
Citizens of India or Ghulams of the Billionaire Raj?
February was a long month of protests for Indian workers. To begin with: a general strike organised by a joint committee of trade unions saw the participation of over 30 crore workers! On February...
Development vs community: New coal politics and old conflicts in Madhya Pradesh
The Singrauli region of Madhya Pradesh, often described as “India’s energy capital,” has for decades been a hub of coal mining and thermal power generation. Today, the Dhirouli coal mine project in this district...
Historic Strike by 8 Lakh Bank Employees on 27.01.26 – Wake-up Call to the Government
On 27th January 2026, bank employees and officers under the banner of the UNITED FORUM OF BANK UNIONS (UFBU), consisting of 4 officers’ associations and 5 workmen unions, participated in a day’s strike all...
Will banks stand on the right side of history?
The World Bank Board ended its long-standing nuclear ban in June 2025, paving the way for financing nuclear power plants worldwide. Although the World Bank was never a major funder of nuclear energy, this...
How Rural Credit Crunch Played a Role in the Birth of the State Bank of India
In the early years after Independence, India’s rural economy faced a deep and persistent credit crisis. Agriculture employed the majority of the population, yet formal banking institutions had little presence in villages. Rural households...
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