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September 13, 2019
Mergers To Serve Corporate Interests
On August 30, Finance Minister Nirmala Sitaraman announced the consolidation of 10 public sector banks (PSBs) into four large ones. The background of the announcement is the current full-blown economic crisis and a brewing crisis in the financial sector. Over the last several years, PSBs hav...
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March 11, 2026
Videos: RBI’s Reserve Fund Transfer & Banks Mergers: A Loot or Boost?
In the wake of RBI’s decision to transfer Rs 1.76 lakh crore to the government as per the recommendations of the Bimal Jalan-led committee; and Modi Government’s the decision to merge 10 Public Sector Banks to carve out for large banks, a public debate titled ‘RBI’s Reserve Fund Transfer & Banks...
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September 2, 2019
Snippets from the World of International Financial Institutions – August, 2019
IMF Chief Election Over 100 organisations across the world recently signed an open letter demanding an end to the ‘Gentleman Agreement,’ as per which only Europeans are selected as the Managing Director of the International Monetary Fund (IMF). The signatories stated that international institutions ...
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