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Random Reflections
December 18, 2020
Random Reflections- Why Boycott Adani?
Gautam Adani is one of the most favoured of the ruling party especially the Prime Minister and the Home Minister. In 2014 elections Mr. Narendra Modi was going around the country in airplanes of Adani. So he favours Adani. The wealth of Adani has increased 121% between 2014 and 2019. From the 41st ...
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November 27, 2020
Random Reflections — Handing over Control of Banks to Corporates will be handing over the Country. Time for Mr SakthiKantha Das to go
Internal Working Group of RBI has released a draft report on banking titled, “Ownership Guidelines and Corporate Structure for Indian Private Banks”. Comments on the report can be submitted before January 15. While few corporate and NBPCs have welcomed the report, Dr. Raghuram Rajan, former governo...
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November 1, 2020
Jio Payment Bank fined Rs.1 Cr by RBI
On October 2020, RBI has slapped a penalty of Rs.1 Crore on Jio Payment Bank.  JPB is a venture of Reliance with 70% holding and SBI 30%.  The contents of RBI Press Release The press release says, “The bank was required to submit an application under section 35B of the Act in the case of rea...
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