Thomas Franco, Author at Centre for Financial Accountability

Random Reflections- How & why Manmohan Singh was wrong then & wrong now?

On 24th July 1991 Dr. Manmohan Singh presented his budget to the parliament in which he stated that until November 1989...

Indian Economy Random Reflections

Article

Random Reflections: Why India needs Five Day Week?

India is a country of youth now and we are proud of it. It provides us a great opportunity. The youth not only need emp...

Random Reflections

Article

Random Reflections- Solutions for the Banking Sector

“Call the dog mad and shoot it” was the old slogan. The present slogan is, “poison the dog, make it look like mad and s...

Indian Economy Random Reflections

Article

Distribution Of Outstanding Credit Of Scheduled Commercial Banks According To Size Of Credit Limit: 1972, 1991, 2016, 2019

Compiled by: Thomas Franco Text: Priya Dharshini Source: Basic Statistical Returns of Scheduled Commerci...

Indian Economy National Financial Institutions

Article

Random Reflections- Privatisation of Financial Sector – A road to ruin

Almost all financial newspapers have informed that 3-5 banks and 3 general insurance companies are going to be privatiz...

Indian Economy Random Reflections

Article

Random Reflections: 51 Years of Bank Nationalisation – Was it a sin? A vision? A missed opportunity? & What’s today’s position?

Nationalisation of the banks which had deposits above Rs.50 Crores, covering almost 85% of the total deposits on 19th J...

Indian Economy Random Reflections

Article

Random Reflections- RBI Discussion Paper on Governance in Commercial Banks in India – Old wine in New bottle!

Reserve Bank of India has released a discussion paper on their website on June 11, 2020 asking for suggestions and comm...

Indian Economy Random Reflections

Article

Random Reflections- Are the Public Banks Already Private?

Institutions do not become public only because of ownership by the state. They should serve the people at large who are...

Indian Economy Random Reflections

Article

Random Reflections- Loan Melas Are Back. Bankers Going to be in the Receiving End

The Hindu reported on 22nd June 2020 under the caption, ‘TN BJP creates website to help people get bank loans under cen...

Indian Economy Random Reflections

Article

Random Reflections- Digital Frauds on the increase. Do our Banks have a Safe Security System?

Everyday hundreds of digital frauds are reported in the banks Internet Banking, ATMs, mobile banking etc. This is going...

Indian Economy Random Reflections

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August 17, 2020

Thomas Franco

Random Reflections- How & why Manmohan Singh was wrong then & wrong now?

On 24th July 1991 Dr. Manmohan Singh presented his budget to the parliament in which he stated that until November 1989 when his Congress party was in office the economy was doing well but things changed after that. He informed, “in sum the crisis of the economy is both acute and deep. We have not ...

Indian Economy Random Reflections

Article

August 5, 2020

Thomas Franco

Random Reflections: Why India needs Five Day Week?

India is a country of youth now and we are proud of it. It provides us a great opportunity. The youth not only need employment but also work life balance. Joint families are gone. One child norm has come. Both husband and wife need work. So they need a break. Scientific studies on health have prove...

Random Reflections

Article

July 30, 2020

Thomas Franco

Random Reflections- Solutions for the Banking Sector

“Call the dog mad and shoot it” was the old slogan. The present slogan is, “poison the dog, make it look like mad and shoot it”. The governments have done exactly the same with public sector banks and they want them to be handed over to corporates – local and international. Arguments made are...

Indian Economy Random Reflections

Article

September 15, 2026

Thomas Franco, Priya Dharshini

Distribution Of Outstanding Credit Of Scheduled Commercial Banks According To Size Of Credit Limit: 1972, 1991, 2016, 2019

Compiled by: Thomas Franco Text: Priya Dharshini Source: Basic Statistical Returns of Scheduled Commercial Banks (SCBs) in India, Reserve Bank of India July 19, marked the 51st anniversary of bank nationalisation. This day has been celebrated by bank unions across the country ...

Indian Economy National Financial Institutions

Article

July 22, 2020

Thomas Franco

Random Reflections- Privatisation of Financial Sector – A road to ruin

Almost all financial newspapers have informed that 3-5 banks and 3 general insurance companies are going to be privatized. They have indicated that Bank of India, Indian Overseas Bank, UCO Bank, Punjab and Sind Bank and Bank of Maharashtra are being considered for privatisation. We will be left wit...

Indian Economy Random Reflections

Article

July 16, 2020

Thomas Franco

Random Reflections: 51 Years of Bank Nationalisation – Was it a sin? A vision? A missed opportunity? & What’s today’s position?

Nationalisation of the banks which had deposits above Rs.50 Crores, covering almost 85% of the total deposits on 19th July 1969 was historic, dramatic and welcomed by majority of the people. Some described it a sin, Jan Sangh, the earlier Avatar of BJP opposed it. Some went to court but the banking...

Indian Economy Random Reflections

Article

July 9, 2020

Thomas Franco

Random Reflections- RBI Discussion Paper on Governance in Commercial Banks in India – Old wine in New bottle!

Reserve Bank of India has released a discussion paper on their website on June 11, 2020 asking for suggestions and comments latest by July 15, 2020. The time given is not enough and it should be extended as it is going to be implemented only from April 2021. This is a crucial matter on which the...

Indian Economy Random Reflections

Article

July 2, 2020

Thomas Franco

Random Reflections- Are the Public Banks Already Private?

Institutions do not become public only because of ownership by the state. They should serve the people at large who are the real owners. While nationalising banks, the purpose was not to earn profit but to serve the large masses. The banking shifted from class banking to mass banking. Slowly after ...

Indian Economy Random Reflections

Article

June 25, 2020

Thomas Franco

Random Reflections- Loan Melas Are Back. Bankers Going to be in the Receiving End

The Hindu reported on 22nd June 2020 under the caption, ‘TN BJP creates website to help people get bank loans under central schemes’ saying that the TN state unit of BJP has set up a dedicated website to help persons get bank loans under various schemes instituted by the center to register themselv...

Indian Economy Random Reflections

Article

June 18, 2020

Thomas Franco

Random Reflections- Digital Frauds on the increase. Do our Banks have a Safe Security System?

Everyday hundreds of digital frauds are reported in the banks Internet Banking, ATMs, mobile banking etc. This is going on for years and seldom anybody is caught. Even well-educated are cheated. The cyber frauds have increased after linking Aadhar number and PAN number to the accounts. The Unif...

Indian Economy Random Reflections

Article

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