public banks Archives - Centre for Financial Accountability

Banks and Disaster Relief

With climate change, human interventions, unscientific development and greed, disasters are frequently happening in the...

General Random Reflections

Article

The first 23 years of Nationalisation and 30 years of Privatisation

The nationalisation of 14 banks on 19th July 1969 was the most desirable and important economic cum social reform in in...

General Random Reflections

Article

Where is my Interest? Will Nirmalaji explain?

As of 31st March 2024, the Indian Scheduled Commercial Banks (SCBs) had Rs 21,04.039 crore in Current Account, Rs. 63,00...

General Random Reflections

Article

How the Banking Sector has been Destroyed in the Last 10 Years

The claim of the Prime Minister that the Banking Sector has become robust is not true if we analyse the facts and figure...

General Indian Economy 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

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 did the banks help BJP to win UP?

BJP has secured a landslide win in Uttar Pradesh and there are many reasons stated in the press and on the TV discussion...

General Random Reflections

Article

State-Owned Banks: Do We Need Them Anymore?

As an essential part of the financial system, banks’ role in India’s ambitious goal of becoming a $5 trillion economy ha...

General Smitu Kothari Fellowship Smitu Kothari Fellowship- 2020

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

September 10, 2024

Thomas Franco

With climate change, human interventions, unscientific development and greed, disasters are frequently happening in the country. As Dr P. Sainath writes in the title of his famous book, “Everybody Loves a Good Drought,” everyone except those who are directly affected loves a disaster. T...

General Random Reflections

Article

July 21, 2024

Thomas Franco

The first 23 years of Nationalisation and 30 years of Privatisation

The nationalisation of 14 banks on 19th July 1969 was the most desirable and important economic cum social reform in independent India. After 2 days of Nationalisation, Mrs. Indira Gandhi explained to the Parliament the purpose, the expectation and the constitutional mandate.Let’s have a look at th...

General Random Reflections

Article

June 28, 2024

Thomas Franco

Where is my Interest? Will Nirmalaji explain?

As of 31st March 2024, the Indian Scheduled Commercial Banks (SCBs) had Rs 21,04.039 crore in Current Account, Rs. 63,00,792 crore in Savings Bank Accounts, Rs.12,51,022 crore in Term Deposits totalling Rs. 2,09,55,853 crores. Using these deposits, banks had provided a loan of Rs.1,69,13,694 crore. ...

General Random Reflections

Article

April 12, 2024

Thomas Franco

How the Banking Sector has been Destroyed in the Last 10 Years

The claim of the Prime Minister that the Banking Sector has become robust is not true if we analyse the facts and figures. On Jan 1 2015, Gyan Sangam 1 was organised in Pune in which the Prime Minister, the Finance Minister, the Secretary of Finance and private sector bankers were the main guests. A...

General Indian Economy 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

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

March 11, 2022

Thomas Franco

How did the banks help BJP to win UP?

BJP has secured a landslide win in Uttar Pradesh and there are many reasons stated in the press and on the TV discussions, but one which has not come to focus is how the schemes implemented by banks helped BJP in securing a victory. Over the last 7 to 8 years, the banks have been forced to lend unde...

General Random Reflections

Article

June 10, 2021

Aswathi Nair

State-Owned Banks: Do We Need Them Anymore?

As an essential part of the financial system, banks’ role in India’s ambitious goal of becoming a $5 trillion economy has become a topic of intense debate. Significant reforms in scheduled commercial banks, mainly the state-owned public sector banks, are essential to achieve socially optimal outcome...

General Smitu Kothari Fellowship Smitu Kothari Fellowship- 2020

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

public banks

Banks and Disaster Relief

The first 23 years of Nationalisation and 30 years of Privatisation

Where is my Interest? Will Nirmalaji explain?

How the Banking Sector has been Destroyed in the Last 10 Years

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

KYC – Kill Your Customer?

How did the banks help BJP to win UP?

State-Owned Banks: Do We Need Them Anymore?

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

Banks and Disaster Relief

The first 23 years of Nationalisation and 30 years of Privatisation

Where is my Interest? Will Nirmalaji explain?

How the Banking Sector has been Destroyed in the Last 10 Years

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

KYC – Kill Your Customer?

How did the banks help BJP to win UP?

State-Owned Banks: Do We Need Them Anymore?

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