New Delhi, 13 January 2019: FAN India (Financial Accountability Network India), Indigenous Perspectives Environment Support Group, INSAF, Devidas Tuljapurkar, Joint Secretary, All India Bank Emplyees Association (AIBEA), All India Union of Forest Working People...
The Reserve Bank of India introduced “Know Your Customer” norms under the provisions of “Prevention of Money Laundering Act 2002 and Prevention of Money Laundering (Maintenance of Records) Rules 2005. As per these...
More than a month of waiting for 16 lakh depositors is leading to a dangerous position of loss of faith in banks. The Cooperative banks have more than 13 crore small depositors. RBI has...
On 24th September the depositors of the Punjab and Maharashtra Cooperative (PMC) Bank, woke up to the RBI directive that they are allowed to only withdraw Rs. 1000 from their accounts for the next...
Since the beginning of 2019 till last month, the Reserve Bank of India (RBI) has already cut the repo rates twice by 25 basis points (0.25%) each time. However, both of these attempts have...
पिछले साढ़े चार वर्षों में, देश एक बड़ी सामाजिक-राजनीतिक और आर्थिक उथल-पुथल से गुजरा है जैसा पहले कभी नहीं था। हाल के इतिहास में कभी भी एक साथ देश के इतने बड़े समूह को...
The last five years have been a watershed moment in Indian politics and the economy. The NDA alliance’s grand victory on the agenda of development and good days to come (achhe din) started off...
The budget session of the parliament witnessed the members asking government questions related to finance. Some of these questions were related to the NPAs, rationalisation of the overseas branches of the banks, charges levied...
The second half of the winter session of the parliament continued to witness the members asking government questions related to finance. Some of these questions were related to the NPAs in various sectors of...
In the past four and a half years, the country has gone through a major socio-political and economic upheaval as never before. At no point in the recent history has the country as a...
The first ten days of the winter session of 2018, the parliament witnessed members asking wide-ranging questions related to the finance. These questions can broadly be divided into the following categories: Demonetisation Issues related...
The Reserve Bank of India, in 2015, issued a Master Circular on Wilful Defaulters, which starts with Introduction: “Pursuant to the instructions of the Central Vigilance Commission for collection of information on wilful defaults...
Changing goal posts has been a hallmark of the precariously conceived and insensitively implemented demonetisation, second anniversary of which was yesterday (Nov 8). Finance Minister who declared Nov 8 as Anti Black Money Day...
Banks act as financial intermediaries between depositors and borrowers. It is the public money, deposited in the form of term deposit (fixed deposits) and time deposit (saving & current accounts) which banks use for...
When the Bill for ‘Insolvency and Bankruptcy Code, 2016’ was passed in parliament in May 2016, it was hailed as the biggest economic reform, only next to GST, by the current government. The Insolvency...