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,...
From People’s Bank to a Corporate Slave – Where is the SBI headed?
The recent deal between Adani Capital and the State Bank of India has raised eyebrows. State Bank of India was known as the people's bank, and it could rightly claim that it was 'the...
Random Reflections: Budget 2020 and the Banking Sector
Union Budget is no more an anxiety as many decisions like petroleum product prices, railway fare, tax waiver to corporation, GST are now out of the budget. However some sectors require attention. Most important...
Random Reflections: Corruption in banks, in the name of cross-selling – Who will bell the cat?
In the name of making banks into supermarkets, providing all financial services, cross-selling was permitted by RBI and the government in the banking industry. Life insurance policies, general insurance policies, mutual funds etc are...
Deutsche Bank on Verge of Collapse – Lessons for State Bank of India: Random Reflections
Deutsche Bank AG was one of the largest Banks in the world (it was ranked largest before Chinese Banks replaced it). The Bank on a verge of collapse due to internal scandals has sent...
The Arbitrary Bank Charges must be Removed
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...
सरकारी बैंकों द्वारा बैंक खातों में न्यूनतम राशि पर रोक लगायी जाये
प्रेस विज्ञप्ति गरीबी पर जुर्माना – सरकारी बैंकों द्वारा बैंक खातों में न्यूनतम राशि के अधिनियम पर रोक लगायी जाये इस हफ्ते बहुत ही चौकाने वाली बात सामने आयी है कि भारतीय स्टेट बैंक...
What is Threatening Public Sector Banks in India?
It is an acknowledged fact that the Indian banking system is facing an unprecedented crisis. The problem of bad loans and the need for a capital infusion, drastic changes in financial policies, new legislation...
The Draconian FRDI Bill, 2017 will Script Death to the Public Sector Banking
The union cabinet, chaired by Prime Minister Narendra Modi, has recently approved the proposal to introduce the Financial Resolution and Deposit Insurance (FRDI) Bill, 2017 in the upcoming monsoon session of the Parliament. The...
Bank mergers in the time of NPAs
Non-Performing Assets (NPAs), a euphemism for toxic or bad loans, has been looming over Public Sector Banks (PSBs) for over a year. C. P. Krishnan, the General Secretary of Bank Employees Federation of India...
Booklet: Coal Currency: Mapping Coal Project Finances in India
Mapping Coal Project Finances in India Who finances coal projects in India? What is the quantum of money behind these large coal projects? What proportion is financed by international financial institutions and national financial...
Open letter to the Prime Minister of India from Bangladesh
October 18, 2016 This letter is from movements and groups in Bangladesh to the Prime Minister of India. They will deliver this letter to the Indian High Commission today. Updates on the delivery will...
SBI has Invested my Money in a Firm that Makes Cluster Bombs
Don’t account holders have the right to know where their money is being invested? I was disturbed by news that my bank, the State Bank of India, has invested in a company that makes...
Are We Funding Cluster Bombs?
Priya Dharshini State Bank of India, the largest state owned bank in the country received a special honour of being the only Indian financial institution to sponsor cluster munitions. In June 2016, PAX a...