Cooperative banks Archives - Centre for Financial Accountability

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

Co-operatives – New back door entry for RSS?

A cooperative society in Bareli, UP An advertisement in ‘The Hindu’ by The Gujarat State Co-op Bank Ltd says it all subt...

General Random Reflections

Article

History Shows that Public Sector Banks are Needed

When India attained Independence in 1947 it inherited a weak, desperate and unwieldy banking structure. Other than the I...

General Random Reflections

Article

Snippets from the world of Indian economy and banking

State-owned banks need Rs 2 trillion in capital over next two years: Moody’s Public sector banks (PSBs), which...

Indian Economy National Financial Institutions

Article

Is PMC fraud an isolated event or a Systemic Failure?

On 24th September the depositors of the Punjab and Maharashtra Cooperative (PMC) Bank, woke up to the RBI directive that...

Blog Indian Economy National Financial Institutions NFIs

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

July 23, 2021

Thomas Franco

Co-operatives – New back door entry for RSS?

A cooperative society in Bareli, UP An advertisement in ‘The Hindu’ by The Gujarat State Co-op Bank Ltd says it all subtly. ’This Ministry will bring millions of people serving in the sectors including Banking, Farming, Fisheries, Animal Husbandry, Sugar Manufacturing and Milk Processing Unit...

General Random Reflections

Article

May 17, 2021

Thomas Franco

History Shows that Public Sector Banks are Needed

When India attained Independence in 1947 it inherited a weak, desperate and unwieldy banking structure. Other than the Imperial Bank of India, there were many Indian joint stock banks, but they did not have adequate capital and due to unhealthy business practices 205 banks went out of business betwe...

General Random Reflections

Article

August 22, 2020

CFA Admin

Snippets from the world of Indian economy and banking

State-owned banks need Rs 2 trillion in capital over next two years: Moody’s Public sector banks (PSBs), which have already had weak capital buffers, will need at least $25 billion in funding from external sources as the economic slowdown will hurt asset quality and drive up credit costs, ...

Indian Economy National Financial Institutions

Article

February 7, 2020

Priya Dharshini

Is PMC fraud an isolated event or a Systemic Failure?

On 24th September the depositors of the Punjab and Maharashtra Cooperative (PMC) Bank, woke up to the RBI directive that they are allowed to only withdraw Rs. 1000 from their accounts for the next six months. This resulted in wide spread panic and protests from the depositors who feared losing their...

Blog Indian Economy National Financial Institutions NFIs

Article

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Cooperative banks

DICGC- To Benefit Govt, Not Customers

Co-operatives – New back door entry for RSS?

History Shows that Public Sector Banks are Needed

Snippets from the world of Indian economy and banking

Is PMC fraud an isolated event or a Systemic Failure?

DICGC- To Benefit Govt, Not Customers

Co-operatives – New back door entry for RSS?

History Shows that Public Sector Banks are Needed

Snippets from the world of Indian economy and banking

Is PMC fraud an isolated event or a Systemic Failure?