private banks Archives - Page 2 of 3 - Centre for Financial Accountability

Why are Public Sector Banks performing better?

Random Reflections The quarter 2 results of the public sector banks are noteworthy compared to a few years ago. All thes...

General Random Reflections

Article

Importance of Public Banking System and How the Social Responsibility of Banks is being Diluted

Random Reflections A farmer came to a bank and asked for a loan for cultivation. The branch manager asked for security. ...

Random Reflections

Article

RBI Bulletin- What did the media miss out?

RBI Bulletin of Aug 2022, which is available on the website www.rbi.org.in titled, “Privatisation of Public Sector Banks...

General Random Reflections

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

How to destroy the Indian Economy? Poonam Gupta and Arvind Panagaraiya prescribe

A report presented by Poonam Gupta and Arvind Panagaraiya at the India Policy Forum 2022 on 12th July, is clearly a pres...

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

LIC should run the IDBI bank and not some fortune seekers

In the USA right now, roadshows by our government to sell IDBI Bank are happening, soliciting prospective buyers. Meanwh...

General Random Reflections

Article

Why Talk of Privatisation When Public Sector Banks are Doing Excellent?

The net profit of the public sector banks in 2021 was Rs.31,820 crore and their operating profit was Rs.1,97,376 crore. ...

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

Dubious ways of Privatising Banks without calling it Privatisation

From 1991 with the debut of neoliberal policies we have followed the dictates of IMF, the World Bank, the Financial Stab...

General Random Reflections

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November 15, 2022

Thomas Franco

Why are Public Sector Banks performing better?

Random Reflections The quarter 2 results of the public sector banks are noteworthy compared to a few years ago. All these banks showed good profits in the financial year 2021-22. Twelve PSBs made a net profit of Rs 25,685 Cr in quarter 2 of FY23 and a total of Rs 40,991 Cr in the first half of 2023....

General Random Reflections

Article

October 3, 2022

Thomas Franco

Importance of Public Banking System and How the Social Responsibility of Banks is being Diluted

Random Reflections A farmer came to a bank and asked for a loan for cultivation. The branch manager asked for security. The farmer said that he doesn’t have any security. The branch manager asked for the land documents, encumbrance certificate, chitta, and legal opinion and finally gave a loan. Aft...

Random Reflections

Article

September 9, 2022

Thomas Franco

RBI Bulletin- What did the media miss out?

RBI Bulletin of Aug 2022, which is available on the website www.rbi.org.in titled, “Privatisation of Public Sector Banks; An alternate Perspective” authored by Snehal S Herwadkar, Sonali Goel and Rishuka Bansal of the Banking Research Division of RBI has evoked a lot of response in the mainstream me...

General Random Reflections

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

August 4, 2022

Thomas Franco

How to destroy the Indian Economy? Poonam Gupta and Arvind Panagaraiya prescribe

A report presented by Poonam Gupta and Arvind Panagaraiya at the India Policy Forum 2022 on 12th July, is clearly a prescription for destroying the Indian Economy which is already on the verge of collapsing. Introduction They start with nice statements- ‘Finance is the lifeblood of an economy....

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 11, 2022

Thomas Franco

LIC should run the IDBI bank and not some fortune seekers

In the USA right now, roadshows by our government to sell IDBI Bank are happening, soliciting prospective buyers. Meanwhile, the bill that will remove legal hurdles in selling the PSU Banks is expected in the coming monsoon session of the parliament. Soon the cap on foreign equity holdings in banks ...

General Random Reflections

Article

June 27, 2022

Thomas Franco

Why Talk of Privatisation When Public Sector Banks are Doing Excellent?

The net profit of the public sector banks in 2021 was Rs.31,820 crore and their operating profit was Rs.1,97,376 crore. The net profit increased by 109% to Rs.66,541 crore in 2022 and the operating profit increased to Rs.2,08,591 crore. Though the performance of public sector banks should not be com...

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 25, 2022

Thomas Franco

Dubious ways of Privatising Banks without calling it Privatisation

From 1991 with the debut of neoliberal policies we have followed the dictates of IMF, the World Bank, the Financial Stability Board (of G-20) and now even the World Economic Forum. Due to the opposition from trade unions, political parties and the civil society, the governments have found dubious wa...

General Random Reflections

Article

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Categories

private banks

Why are Public Sector Banks performing better?

Importance of Public Banking System and How the Social Responsibility of Banks is being Diluted

RBI Bulletin- What did the media miss out?

KYC – Kill Your Customer?

How to destroy the Indian Economy? Poonam Gupta and Arvind Panagaraiya prescribe

Is SBI getting Privatised?

LIC should run the IDBI bank and not some fortune seekers

Why Talk of Privatisation When Public Sector Banks are Doing Excellent?

Should Corporates Own Banks?

Dubious ways of Privatising Banks without calling it Privatisation

Why are Public Sector Banks performing better?

Importance of Public Banking System and How the Social Responsibility of Banks is being Diluted

RBI Bulletin- What did the media miss out?

KYC – Kill Your Customer?

How to destroy the Indian Economy? Poonam Gupta and Arvind Panagaraiya prescribe

Is SBI getting Privatised?

LIC should run the IDBI bank and not some fortune seekers

Why Talk of Privatisation When Public Sector Banks are Doing Excellent?

Should Corporates Own Banks?

Dubious ways of Privatising Banks without calling it Privatisation