Indian Economy Archives - Page 29 of 37 - Centre for Financial Accountability

After nationalisation of 14 banks in 1969 and 6 banks in 1980, formation of National Bank for Agriculture and Rural Development on July 12, 1982 was a milestone or master stroke by Mrs. Indira Gandhi. Based on the recommendations of the Dr. Sivaraman Committee NABARD was formed through an act of pa...

Blog Indian Economy Random Reflections

Article

April 14, 2020

Thomas Franco

Random reflections- Is Reducing Deposit Interest Rate Right?

The government of India has reduced deposit interest rates drastically in addition to the banks which have been reducing the rates in tune with reduction of repo rates by the RBI. (Repo rate is the rate at which Banks can borrow from RBI). [Source: Ministry of Finance Website] SBI has reduc...

Blog Indian Economy Random Reflections

Article

April 7, 2020

Thomas Franco

Random Reflections-Economic Package Needed for the Country

Everyone accepts that the Covid-19 problem is not going to be over by April 14. When we were all anticipating an economy package, the PM asked us to hold candles and lights. To revive the economy, it is going to take long and we don’t know when the corona virus will go away. When will we reach herd...

Blog Indian Economy Random Reflections

Article

June 26, 2020

Shivani Dwivedi

DEPOSITORS PAYING THE PRICE OF CORPORATE BAD LOANS

The primary objective of nationalization of banks was to reach out to each and every last person of our society. The purpose was to provide credit facilities to poor and marginalized sections and free them from the clutches of moneylenders. Banks were to provide credit to small and medium busin...

Bank Charges Indian Economy National Financial Institutions

Article

April 1, 2020

Thomas Franco

Random Reflections- Everyone loves Corona except the Bankers and Migrant Workers

The Economy was already in shambles and Corona has brought great relief. Everyone can blame Corona and everyone can get relief. From what is happening around the world and the few measures announced by the government and RBI its clear that all the past will have to be forgotten and we have to start...

Blog Indian Economy Random Reflections

Article

March 25, 2020

CFA Admin

CEJI statement on COVID-19 and India’s response to the outbreak

In a statement issued on Tuesday (March 24) the Coalition for Environmental Justice in India (CEJI) said that the COVID-19 outbreak demands an immediate and comprehensive response if we are to limit and arrest its devastating impacts on the lives and livelihoods of crores of people. The statemen...

Indian Economy

Article

March 24, 2020

Thomas Franco

Random Reflections: Brothers have the last laugh- Banks become bald with haircut

Mukesh Ambani and Anil Ambani divided their companies under the Reliance empire in 2005. Brothers continue to use the same Reliance brand. Reliance is known for malpractices as explained in books like Ambani & Sons and Polyester Prince by Hamish Macdonald, No Regrets by Dr. D.N. Ghosh (former C...

Indian Economy Random Reflections

Article

March 18, 2020

Thomas Franco

Random Reflections- Will the FM yield to the demands of the people & apologise?

The Finance Minister has reprimanded the Chairman of State Bank of India in an outreach meeting at Guwahati in which the Finance Minister of Assam Himanta Biswa Sarma, officials from banks and state government and few ruling party workers were present. Someone has recorded the conversation and circ...

Indian Economy Random Reflections

Article

June 10, 2020

Outlook India Outlook India

Yes Bank Crisis Was Apparent For years, But Regulatory Oversight Was Lacking

Banking is a risky business and there will always be bad loans. Private banks lack a proper governing structure and ethics, and try to avoid RBI scrutiny, say experts The failure of Yes Bank and the Reserve Bank of India’s consequent intervention has come as no surprise. The writing was on the w...

Coverage Indian Economy NPAs

Article

March 11, 2020

Gaurav Dwivedi

The International Financial Services Centres Authority Bill, 2019

An interesting development that has happened in past few weeks is the proposed International Financial Services Centres Authority Bill, 2019 to be passed by the Indian Parliament. This bill looks to bring in the financial sector and its regulation. The bill is linked to developing and regulating th...

Indian Economy

Article

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Centre for Financial Accountability (CFA) aims to bring in accountability in financial institutions who lend money to development projects, through research and campaigns.

CFA is a project of CACIM (www.cacim.net) and Bank Information Centre Trust.

Categories

Indian Economy

Random Reflections : NABARD, SIDBI, IFC and National Housing Bank can turnaround the Economy

Random reflections- Is Reducing Deposit Interest Rate Right?

Random Reflections-Economic Package Needed for the Country

DEPOSITORS PAYING THE PRICE OF CORPORATE BAD LOANS

Random Reflections- Everyone loves Corona except the Bankers and Migrant Workers

CEJI statement on COVID-19 and India’s response to the outbreak

Random Reflections: Brothers have the last laugh- Banks become bald with haircut

Random Reflections- Will the FM yield to the demands of the people & apologise?

Yes Bank Crisis Was Apparent For years, But Regulatory Oversight Was Lacking

The International Financial Services Centres Authority Bill, 2019

Random Reflections : NABARD, SIDBI, IFC and National Housing Bank can turnaround the Economy

Random reflections- Is Reducing Deposit Interest Rate Right?

Random Reflections-Economic Package Needed for the Country

DEPOSITORS PAYING THE PRICE OF CORPORATE BAD LOANS

Random Reflections- Everyone loves Corona except the Bankers and Migrant Workers

CEJI statement on COVID-19 and India’s response to the outbreak

Random Reflections: Brothers have the last laugh- Banks become bald with haircut

Random Reflections- Will the FM yield to the demands of the people & apologise?

Yes Bank Crisis Was Apparent For years, But Regulatory Oversight Was Lacking

The International Financial Services Centres Authority Bill, 2019