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sbi

Home > Posts tagged sbi

Banks on Sale to Foreigners and Foreign Banks – Public Banks Systematically Getting Alienated to Encourage Foreign Banks

Yes Bank, which was rescued from collapse by the largest bank in our country, SBI, and restored to good health, is on sale. From a huge net loss of Rs. 16,418.02 crores in 2020...

Read more May 14, 2025 at 4:07 pm Thomas Franco

Increase in ATM Charges and RBI Actions and Inactions

From the first of May, the Reserve Bank of India (RBI) has permitted the banks, an increase in the charges for ATM transactions above a free limit. The free limit is 5 transactions in...

Read more May 6, 2025 at 11:06 am Thomas Franco

Tata Mundra: A Project Awaiting Settlement

Tata Mundra Project (Coastal Gujarat Power Limited – CGPL – a subsidiary of Tata Power), is a 4,000 megawatt power plant developed on over 1250 hectares of land near the village Tunda-Wand, in Kutch...

Read more March 19, 2025 at 5:02 pm CFA & Machimar Adhikar Sangharsh Sangathan

An appeal to SuPer SBI from a Common Citizen

SBI, the 218-year-old bank, the largest in the world in terms of number of branches and customers, which is a leader in housing loans, education loans, and many such areas, is conducting a massive...

Read more February 23, 2025 at 12:36 pm Thomas Franco

Loan Waiver to People Affected by Disaster – Wayanad and Beyond: Is it a Just Demand?

Random Reflections The government and banks, which write off crores of depositors’ money to benefit the wealthiest, make a hue and cry when farmers or disaster-affected people demand loan waivers. Disasters occur frequently across...

Read more October 31, 2024 at 10:50 am Thomas Franco

The first 23 years of Nationalisation and 30 years of Privatisation

The nationalisation of 14 banks on 19th July 1969 was the most desirable and important economic cum social reform in independent India. After 2 days of Nationalisation, Mrs. Indira Gandhi explained to the Parliament...

Read more July 21, 2024 at 2:07 pm Thomas Franco

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...

Read more April 12, 2024 at 1:51 pm Thomas Franco

Don’t Invest Public Money in high risk Adani Coal to PVC Plant

We the undersigned express our deep concern on reports in the news media which state that a State Bank of India (SBI) led consortium is planning to invest ₹ 34,000 crore in the first...

Read more July 31, 2023 at 1:22 pm CFA

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...

Read more March 7, 2023 at 12:54 pm Thomas Franco

Systematically killing public sector banks: Pushing away people to money sharks

It was only after the nationalisation of 14 banks on July 19, 1969, that the banks reached the common people. The main changes that were done included a shift from class banking to mass...

Read more January 23, 2023 at 6:53 pm CFA

Why are Public Sector Banks performing better?

The quarter 2 results of the public sector banks are noteworthy compared to a few years ago. All these banks showed good profits in the financial year 2021-22. Twelve PSBs made a net profit...

Read more November 15, 2022 at 3:24 pm Thomas Franco

Should SBI become the voice of the Government?

State Bank of India is a Public Sector Bank in which the Union Government holds a 54% share. It has to be independent, and it has acted independently in the past.  For example, Mr...

Read more October 18, 2022 at 4:46 pm Thomas Franco

KYC – Kill Your Customer?

Last year, a retired scientist received a call purportedly from SBI informing him that his account is blocked for non-compliance of KYC. They sent him a password to be shared with the caller. He...

Read more August 17, 2022 at 10:56 am Thomas Franco

Is SBI getting Privatised?

Arvind Panagariya and Poonam Gupta have come up with a demand that all public sector banks except the State Bank of India should be privatised.

Read more July 25, 2022 at 12:58 pm Thomas Franco

Has the SBI become too big to govern?

'The rot within' is the title of an article of Ms. Purnima. S. Tripathi, wrote in the Frontline magazine, in its March 25, 2022 issue. The article further states – 'State Bank of India,...

Read more March 25, 2022 at 5:09 pm Thomas Franco
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