Bank Privatisation Archives - Centre for Financial Accountability

IDBI Bank Sale—The Height of Madness

Random Reflections When the Nobel Prize in Economics is awarded to economists for their work on “why banks should not be...

General Random Reflections

Article

Is SBI getting Privatised?

Arvind Panagariya and Poonam Gupta have come up with a demand that all public sector banks, except the State Bank of In...

General Random Reflections

Article

Roadshows in the US to sell IDBI Bank! Why not allow LIC to own it?

Random Reflections “Banking is a very good business if you don’t do anything dumb,” goes an anonymous quote. But t...

General Random Reflections

Article

DICGC- To Benefit Govt, Not Customers

Protest by PMC customers The Deposit Insurance Act 1961 came into force from 1st January 1962. Though the name still c...

General Random Reflections

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

Naionalisation of Banks: An Outstanding Intervention

The story of India’s Bank nationalisation in 1969, i.e. the public takeover of a significant part of the country’s banki...

General Indian Economy

Article

Indian Economy in Shambles-What is to be done?

RBI has downgraded India’s growth projection to 9.5% from 10.5%. World Bank projects it at 8.3%. Actually, it may be wor...

General Random Reflections

Video

Glimpses of Public Support to the General Strike

All over the country, people came out in support of the general strike on March 15,16,17 & 18. With thanks to The Re...

Videos

Article

Can Bank Privatisation be stopped?

This is a question asked by many including journalists. My answer is a resounding YES. It’s not going to be easy b...

General Random Reflections

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

October 12, 2022

Thomas Franco

IDBI Bank Sale—The Height of Madness

Random Reflections When the Nobel Prize in Economics is awarded to economists for their work on “why banks should not be allowed to fail,” the Union Government announced an Expression of Interest in selling IDBI Bank. According to the DIPAM notification, the “Industrial Development Bank of India (“I...

General Random Reflections

Article

July 29, 2022

Thomas Franco

Is SBI getting Privatised?

Arvind Panagariya and Poonam Gupta have come up with a demand that all public sector banks, except the State Bank of India, should be privatised. They argue for this based on certain parameters of performance which are relevant only for private sector banks. Public sector banks fulfil the objective...

General Random Reflections

Article

July 5, 2022

Thomas Franco

Roadshows in the US to sell IDBI Bank! Why not allow LIC to own it?

Random Reflections “Banking is a very good business if you don’t do anything dumb,” goes an anonymous quote. But the government is in a mad rush to sell public sector banks, public assets, and public sector enterprises. Though it has named IDBI Bank as a private bank, it is not really true bec...

General Random Reflections

Article

August 25, 2021

Thomas Franco

DICGC- To Benefit Govt, Not Customers

Protest by PMC customers The Deposit Insurance Act 1961 came into force from 1st January 1962. Though the name still continues to be ‘Deposit Insurance and Credit Guarantee Corporation,’ the Credit Guarantee scheme was discontinued in 2003. The Deposit Insurance does not cover Non-Banking Finance...

General Random Reflections

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

July 19, 2021

Praveen Jha

Naionalisation of Banks: An Outstanding Intervention

The story of India’s Bank nationalisation in 1969, i.e. the public takeover of a significant part of the country’s banking system, its causes, consequences, achievements, and finally concerted attempts to weaken/roll-back the banking and financial policies since 1991, have been discussed and analyse...

General Indian Economy

Article

June 10, 2021

Thomas Franco

Indian Economy in Shambles-What is to be done?

RBI has downgraded India’s growth projection to 9.5% from 10.5%. World Bank projects it at 8.3%. Actually, it may be worse. This is at the backdrop of GDP growth of a negative 7.3%. Last year, 29 lakh people lost their jobs. This year, another 17 lakh have already lost their jobs. Business Standard ...

General Random Reflections

Article

March 11, 2026

CFA Admin

Glimpses of Public Support to the General Strike

All over the country, people came out in support of the general strike on March 15,16,17 & 18. With thanks to The Research Collective, Delhi, Sneha, Nagapatinam, TN, Defeat Fascist BJP Campaign, TN, Shahri Kamgar Union, Delhi Watch the video here: ...

Videos

Video

June 7, 2021

Thomas Franco

Can Bank Privatisation be stopped?

This is a question asked by many including journalists. My answer is a resounding YES. It’s not going to be easy but once the people of the country realise the evils of privatisation they will be up in arms. When the financial resolution and deposit insurance Bill was introduced in Parliament ...

General Random Reflections

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

Categories

Bank Privatisation

IDBI Bank Sale—The Height of Madness

Is SBI getting Privatised?

Roadshows in the US to sell IDBI Bank! Why not allow LIC to own it?

DICGC- To Benefit Govt, Not Customers

Banking and Customer Rights

Naionalisation of Banks: An Outstanding Intervention

Indian Economy in Shambles-What is to be done?

Glimpses of Public Support to the General Strike

Can Bank Privatisation be stopped?

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

IDBI Bank Sale—The Height of Madness

Is SBI getting Privatised?

Roadshows in the US to sell IDBI Bank! Why not allow LIC to own it?

DICGC- To Benefit Govt, Not Customers

Banking and Customer Rights

Naionalisation of Banks: An Outstanding Intervention

Indian Economy in Shambles-What is to be done?

Glimpses of Public Support to the General Strike

Can Bank Privatisation be stopped?

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