Privatisation of IDBI 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

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

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

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

How was Banking in the Private Sector?

There were no public sector banks till 1955. Only on 1st July 1955 Imperial Bank of India was nationalised creating Stat...

General 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...

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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...

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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 ...

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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...

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Article

May 12, 2021

Thomas Franco

How was Banking in the Private Sector?

There were no public sector banks till 1955. Only on 1st July 1955 Imperial Bank of India was nationalised creating State Bank of India. It is important to know what was banking in our country before Independence. Sutra texts (700-100 BC) and the Buddhist Jatakas (600-400 BC) mention interest payme...

General Random Reflections

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Privatisation of IDBI

IDBI Bank Sale—The Height of Madness

RBI Bulletin- What did the media miss out?

LIC should run the IDBI bank and not some fortune seekers

History Shows that Public Sector Banks are Needed

How was Banking in the Private Sector?

IDBI Bank Sale—The Height of Madness

RBI Bulletin- What did the media miss out?

LIC should run the IDBI bank and not some fortune seekers

History Shows that Public Sector Banks are Needed

How was Banking in the Private Sector?