“Religion cannot be a marker for availing banking services and this amendment should immediately be withdrawn by RBI” a statement issued by around 50 civil society organisations and concerned citizens said.
This is in the wake of the news reports that banks may introduce a new column in ‘know your c...
A new year is around the corner. Time to make some predictions about how financial institutions will respond to the growing threat of climate change, stranded assets, and eroding social license will pose.
UK banks’ dirty coal secret ends: Since Paris, UK banks have lent £25 billion (₹2.4 lakh ...
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 handled by bank staff today, neglecting loans and advances which w...
The Asian Infrastructure Investment Bank (AIIB) came out with a draft Water Sector Strategy in September 2019. The water sector analysis was developed based on the information in the water sector analysis brought out by the bank in October 2019. Following are some quick observations based on the str...
India is now a poster boy for the World Bank’s much-criticised Doing Business Report (DBR), and its associated country rankings index (EODB) (see Observer Winter 2018). The country has drastically improved its place in the EODB index, rising from the 142nd position in 2014 to 63rd in 2019, a 79-plac...
U.S. Energy Information Administration (EIA)’s data says that India has the fifth largest coal reserves in the world. Coal is also India’s primary source of energy. India, in addition to producing coal in excess of 600 million tonnes a year, imports about 150 million tonnes every year to meet ...
The Parliament has passed The International Financial Services Centres Authority Bill 2019. The Act will apply to be the International Financial Services Centres (IFSC) set up under See 18 of the Special Economic Zones Act, 2005. The Act will apply to Financial Products and Financial Services. The P...
