Ashish Kajla, Author at Centre for Financial Accountability

Budget, Push for Privatisation and Outright Frauds

Economic Survey & Budget 2022: Touted as the first paperless budget, the budget 2022 was after all a people-less bud...

Behind the ABG Shipyard fraud, a system that lets big firms gamble with savings of ordinary people

As the Enforcement Directorate on Wednesday registered a case of money laundering against Gujarat-based ABG Shipyard bas...

Coverage

Article

GoI selling PSUs to ‘dubious’ investors amidst rising inequality, unemployment

In its reckless privatisation drive, the Government of India (GoI) is selling the Central Electronics Limited (CEL) to N...

Coverage

Article

Govt continues its reckless selling of PSUs amidst rising inequality & unemployment

In its reckless privatisation drive, the union government is selling Central Electronics Limited (CEL) to Nandal Finance...

Fintech General Indian Economy

Article

Banking and Customer Rights

Based on the presentation done in the webinar “Privatisation, Banking Services and Customer Rights” on 23rd July 2021 or...

Bank Charges General Indian Economy

Article

Internal Working Group of RBI recommends ownership of banks by industrial houses. Undoing Nationalization?

In November 2020, an Internal Working Group (IWG) of the RBI came out with a recommendation for allowing large corporat...

Indian Economy National Financial Institutions

Article

Bank Charges Should be Scrapped & Not Just Paused Out of ‘Benevolence’

The Ministry of Finance announced yesterday that, no public sector bank has increased the bank charges and wi...

Bank Charges National Financial Institutions

Article

Banks Paying Heavily for Corporate Loan Waivers: RTI

Not Write offs, Corporate Loan Waivers Banks Recovered Only 10% Bad Loans After Writing Them Off !! According to...

Indian Economy National Financial Institutions NPAs

Article

Snippets from the World of National Financial Institutions – September, 2019

Rs. 1.76 lac crore from RBI’s reserve fund transferred to Central Government RBI central board accepted the recommendati...

"Bank Mergers" Bank Mergers Blog National Financial Institutions NFIs

Article

Snippets from the World of National Financial Institutions – August, 2019

Sovereign Debt: Liability in Perpetuity The announcement – made by Nirmala Sitharaman, Finance Minister of India in her ...

Bank Charges National Financial Institutions NFIs NPAs

February 18, 2025

Ashish Kajla

Budget, Push for Privatisation and Outright Frauds

Economic Survey & Budget 2022: Touted as the first paperless budget, the budget 2022 was after all a people-less budget that was far removed from the pressing concerns of the day. This was starkly similar to the Economic Survey presented before it, which too seemed oblivious about the income los...

General Indian Economy NPAs Union Budget

Article

February 22, 2022

Ashish Kajla

Behind the ABG Shipyard fraud, a system that lets big firms gamble with savings of ordinary people

As the Enforcement Directorate on Wednesday registered a case of money laundering against Gujarat-based ABG Shipyard based on the complaint of the State Bank of India, the company has been described as being involved in “India’s biggest bank fraud”. The company’s chairman, Rishi Kamlesh Agarwal, was...

Coverage

Article

February 10, 2022

Ashish Kajla

GoI selling PSUs to ‘dubious’ investors amidst rising inequality, unemployment

In its reckless privatisation drive, the Government of India (GoI) is selling the Central Electronics Limited (CEL) to Nandal Finance & Leasing Private Limited, a Non-Banking Financial Corporation (NBFC) with a dubious record, owned by a furniture company, with less than 10 employees and without...

Coverage

Article

January 28, 2022

Ashish Kajla

Govt continues its reckless selling of PSUs amidst rising inequality & unemployment

In its reckless privatisation drive, the union government is selling Central Electronics Limited (CEL) to Nandal Finance & Leasing Private Limited, an NBFC with a dubious record, owned by a furniture company, with less than 10 employees and without any prior domain experience. CEL, a company wit...

Fintech General Indian Economy

Article

August 4, 2021

Ashish Kajla

Banking and Customer Rights

Based on the presentation done in the webinar “Privatisation, Banking Services and Customer Rights” on 23rd July 2021 organised by CFA and People First to mark the nationalisation of banks. The banking sector has definitely come a long way since nationalisation, we still are many miles behind in our...

Bank Charges General Indian Economy

Article

January 1, 2021

Ashish Kajla

Internal Working Group of RBI recommends ownership of banks by industrial houses. Undoing Nationalization?

In November 2020, an Internal Working Group (IWG) of the RBI came out with a recommendation for allowing large corporate and industrial houses to promote banks and permitting promoters to raise their stakes in the bank’s equity share capital from 15 per cent to 26 per cent. There was also a suggest...

Indian Economy National Financial Institutions

Article

November 17, 2020

Ashish Kajla

Bank Charges Should be Scrapped & Not Just Paused Out of ‘Benevolence’

The Ministry of Finance announced yesterday that, no public sector bank has increased the bank charges and will not do so in view of the COVID pandemic. The announcement came after strong backlash to Bank of Baroda reducing the number of free deposits and withdrawal from five times to thr...

Bank Charges National Financial Institutions

Article

August 12, 2020

Ashish Kajla

Banks Paying Heavily for Corporate Loan Waivers: RTI

Not Write offs, Corporate Loan Waivers Banks Recovered Only 10% Bad Loans After Writing Them Off !! According to an RTI response received from Reserve Bank of India, between 2014 and 2019 scheduled commercial banks in India have written off bad loans worth Rs 6.35 lakh crore and have recover...

Indian Economy National Financial Institutions NPAs

Article

September 23, 2019

Ashish Kajla

Snippets from the World of National Financial Institutions – September, 2019

Rs. 1.76 lac crore from RBI’s reserve fund transferred to Central Government RBI central board accepted the recommendations of the Jalan Committee – formed last year to review the economic capital framework for RBI’s reserved funds – to transfer Rs. 1.76 lac crore to the central government. The comm...

"Bank Mergers" Bank Mergers Blog National Financial Institutions NFIs

Article

August 23, 2019

Ashish Kajla

Snippets from the World of National Financial Institutions – August, 2019

Sovereign Debt: Liability in Perpetuity The announcement – made by Nirmala Sitharaman, Finance Minister of India in her maiden budget speech – that India will look for options to raise funds from external markets in foreign currencies, has been criticised by several economists, including former gove...

Bank Charges National Financial Institutions NFIs NPAs

Article