Submission to RBI on Draft Disclosure Framework on Climate-Related Financial Risks, 2024
The ‘Draft Disclosure Framework on Climate-Related Financial Risks’ released by RBI in February
How the Banking Sector has been Destroyed in the Last 10 Years
The claim of the Prime Minister that the Banking Sector has become robust is not true if we analyse the facts and figures. On Jan 1 2015, Gyan Sangam 1 was organised in Pune...
A Decade of Write-Offs: How the Govt and Banks Failed to Tackle NPAs and Helped Big Corporations
The government has time and again stated that ‘write off’ does not mean relief to the borrower as recovery processes continue. But in practice, banks are compelled to forgo any hope of recovery.
How is writing off Rs.15, 31,453 crore ‘good banking,’ Modiji?
Addressing a Rozgar Mela last month and virtually handing over 70,000 appointment letters (remember the 2 crore jobs per year promise and the vacant 9, 60,000 posts in the union government itself) the prime...
Time to Wind up National Company Law Tribunals
The Financial Stability Report (FSR) released by the Reserve Bank of India (RBI) has certain very damaging revelations. It is surprising that RBI gave thumbs up to them and claimed that non-performing assets (NPAs)...
RBI’s ‘freebies’ for wilful defaulters makes a mockery of the banking system
Anirban Bhattacharya & Pranay Raj A Reserve Bank of India statement on June 8 has set off a raging debate. The bank has allowed for write-offs and compromise settlements for even frauds and wilful...
RBI FAQs – Hiding a pumpkin inside a bowl of Rice!
The RBI circular dated 8th June 2023, permitting public sector banks, private banks, small finance banks, co-operative banks and non-banking finance companies to have compromise settlements with willful defaulters
RBI Supports frauds and wilful defaulters – Why?
Wilful defaulters and companies involved in fraud can go for a compromise settlement or technical write offs by banks and Non -Banking Finance Companies, as per the new RBI circular.
Bank Unions AIBOC, AIBEA Oppose RBI’s Decision to Allow Compromise Settlement for Wilful Defaulters
All India Bank Officers’ Confederation and All India Bank Employees Association, criticised the recent move by the Reserve Bank of India (RBI) to allow Banks/lenders to settle loans of wilful defaulters under compromise settlement.
What is the real intention of withdrawing Rs 2000 notes?
The RBI Governor Shaktikanta Das is the only Governor without an economics background; he studied history. He was the Secretary, Economic Affairs on November 8, 2016 when demonetisation was announced by the Prime Minister...
RBI Report on Currency and Finance: Still a long way off from environmental, social and climate safeguards
The Reserve Bank of India released its “Report On Currency and Finance 2022-23 :Towards A Greener Cleaner India” earlier this month.
Will India Learn a Lesson from the US Private Banks Collapse?
Silicon Valley Bank which was one of the biggest banks in the US collapsed, followed by Signature Bank. Now Moody’s Investor Service has placed First Republic Bank, Western Alliance Bank Corp, Intrust Financial Corp,...
Finally a Five-Day Week in Banks!
Banks abroad work only five days a week. International financial system works only five days a week. Reserve Bank of India works only for five days a week. The Central Government Offices and most...
Interest Rates in Banks – Where the rich pay less than the rest!
The Reserve Bank of India has been announcing repo-rate hikes for some time. While most of the commoners don’t understand what that means but know that it is spiking their EMI. They are told...
RBI, Artificial Intelligence, Machine Learning and MNCs – Dangerous proposal – Must be dropped
When RBI is refusing to disclose details of borrowers whose loans are written off except in the case..
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