The announcement by Finance Minister Nirmala Sitharaman yesterday (Nov 15) that the government is planning to increase the deposit guarantee limit from the existing Rs 1 lakh is a confirmation of the rumours/reports going around for some...
Public Statement | August 16, 2018 A Battle Won, The War Looms at Large: Statement on the Withdrawal of Financial Resolution and Deposit Insurance Bill A Joint Statement On 7th August 2018, a year...
Public Statement | April 27, 2018 After Demonetisation, now the Cash Crunch in ATMs: Modi Government Wrecking Public Sector Banks and the Indian Economy A Joint Statement In the past few weeks, ATMs across...
The war of words between the Finance Minister and RBI governor has steamed up with the Arvind Subramanian, Chief Economic Advisor, jumping in the fray attacking the Urjit Patel, RBI Governor, who commented, among...
In the aftermath of the Rs. 12,000 crore fraud perpetrated by Nirav Modi, the critics of the Indian Banking system has launched into a fresh debate on the ownership structure of India’s Public Sector...
Criticizing the people advocating privatization of the Public Sector Banks, Meera Nangia, Prof of Commerce, Delhi University, remarked, “We need to talk about Corporate Accountability and not just the accountability of Public Sector Banks.”...
Moumita Dutta, Joint Secretary, AIBOC, highlighted that RBI was also responsible for the scam. She asked, “What is the need of LoUs by RBI when the Buyer Credit already exists?” Emphasising that the Banks...
Nilotpal Basu of the Communist Party of India Marxist CPI(M) said that the crisis one is witnessing in the banking sector is a part of the larger crisis the country is facing on multiple...
“India is becoming a nation of defaulters! Why do defaulters get to buy new companies and new deals?” policy analyst Mohan Guruswamy asked at the public meeting titled ‘Crisis in the Banking Sector: Who...
NDTV India’s multi-part series explained the inside of India’s banking system. This episode takes a hard look at the infrastructure, work pressure, cross-selling, and debate on the privatisation.
AIBOC, NAPM, NTUI have been holding meetings in various regions as a part of the campaign to save public sector banks and to repeal FRDI Bill. As a part of this campaign, a public...
Concerned citizens are drawing the attention of the members of the Parliament towards serious implications of the Financial Resolution and Deposit Insurance (FRDI) Bill 2017 on the individual depositors and the banking sector at...