banks Archives - Page 7 of 10 - Centre for Financial Accountability

RBI, Artificial Intelligence, Machine Learning and MNCs – Dangerous proposal – Must be dropped

Random Reflections Newspapers have reported that RBI has short-listed seven global consultancy firms including Price Wa...

Article

Reserve Bank of India – Clueless, Careless and Heartless

RBI is the regulator and supervisor of the monetary system. Its objectives are, to maintain public confidence in the sys...

General Random Reflections

Article

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

While Finance Minister was sleeping, credit outflows inverted

Since FY20, banks are giving more personal loans than loans to the industry, particularly to large industry, and the gro...

General Indian Economy

Article

KYC – Kill Your Customer?

Last year, a retired scientist received a call purportedly from SBI informing him that his account is blocked for non-co...

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

IBC’s stressed asset resolution is under severe stress, needs overhauling

Recovery has fallen to 16.6% by the end of March 2022, meaning 83% of total debts of banks and other financial instituti...

Finance General Indian Economy NPAs

Article

Pension and other Social Security – India lags far behind

Our country’s constitution talks of equality, equal opportunity and social justice. But unfortunately, even after 74 ye...

General Random Reflections

Article

Should Corporates Own Banks?

“It would be difficult to undertake credit planning unless the linked control of Industry and Banks in the hands is snap...

General Random Reflections

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

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January 9, 2023

Thomas Franco

RBI, Artificial Intelligence, Machine Learning and MNCs – Dangerous proposal – Must be dropped

Random Reflections Newspapers have reported that RBI has short-listed seven global consultancy firms including Price Water House Coopers, Mckinsey and Boston Consultancy Group to use Artificial Intelligence and Machine learning for supervisory functions. The RBI is looking to extensively use advanc...

General Indian Economy Random Reflections

Article

December 12, 2022

Thomas Franco

Reserve Bank of India – Clueless, Careless and Heartless

RBI is the regulator and supervisor of the monetary system. Its objectives are, to maintain public confidence in the system, protect depositors’ interests and provide cost-effective banking services to the public. Its roles are to maintain financial stability and to ensure adequate liquidity in the ...

General Random Reflections

Article

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

September 23, 2022

Prasanna Mohanty

While Finance Minister was sleeping, credit outflows inverted

Since FY20, banks are giving more personal loans than loans to the industry, particularly to large industry, and the growth in personal loans is even more dramatic. Finance Minister Nirmala Sitharaman is disheartened that the industry is not investing in manufacturing, despite the corporate tax cut ...

General Indian Economy

Article

August 17, 2022

Thomas Franco

KYC – Kill Your Customer?

Last year, a retired scientist received a call purportedly from SBI informing him that his account is blocked for non-compliance of KYC. They sent him a password to be shared with the caller. He promptly did it. The caller then asked for confirming the name, account number and Aadhar number, that to...

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

May 10, 2022

Prasanna Mohanty

IBC’s stressed asset resolution is under severe stress, needs overhauling

Recovery has fallen to 16.6% by the end of March 2022, meaning 83% of total debts of banks and other financial institutions have been lost in the process and liquidation of firms is very high at 77% Everything that can go wrong is going wrong with the big-ticket “reform” Insolvency and Bankruptcy C...

Finance General Indian Economy NPAs

Article

April 16, 2022

Thomas Franco

Pension and other Social Security – India lags far behind

Our country’s constitution talks of equality, equal opportunity and social justice. But unfortunately, even after 74 years, we lag far behind in social security. The organised workers who form just 3% of the total workforce in the country get contributory provident fund, gratuity, and pension. Even...

General Random Reflections

Article

March 4, 2022

Thomas Franco

Should Corporates Own Banks?

“It would be difficult to undertake credit planning unless the linked control of Industry and Banks in the hands is snapped by Nationalisation of Banks,” said R K Hazari in the R K Hazari Committee’s report on Industrial Planning and Licencing Policy in 1966. This was one of the reasons for Na...

General Random Reflections

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

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Categories

banks

RBI, Artificial Intelligence, Machine Learning and MNCs – Dangerous proposal – Must be dropped

Reserve Bank of India – Clueless, Careless and Heartless

IDBI Bank Sale—The Height of Madness

While Finance Minister was sleeping, credit outflows inverted

KYC – Kill Your Customer?

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

IBC’s stressed asset resolution is under severe stress, needs overhauling

Pension and other Social Security – India lags far behind

Should Corporates Own Banks?

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

RBI, Artificial Intelligence, Machine Learning and MNCs – Dangerous proposal – Must be dropped

Reserve Bank of India – Clueless, Careless and Heartless

IDBI Bank Sale—The Height of Madness

While Finance Minister was sleeping, credit outflows inverted

KYC – Kill Your Customer?

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

IBC’s stressed asset resolution is under severe stress, needs overhauling

Pension and other Social Security – India lags far behind

Should Corporates Own Banks?

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