Public Sector Banks Archives - Page 6 of 9 - Centre for Financial Accountability

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

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...

Article

Challenges Before the Banking Sector Today

The Public Sector Banks have been facing challenges since 1991 with the so-called reform process. Starting from the Nara...

General Random Reflections

Article

Taking away Govt business from Govt Banks: A deep conspiracy to kill them.

The Finance Minister has announced that the government business handled by the government banks i.e. the public sector b...

General Random Reflections

Article

Random Reflections- Future of Wage Revision and Trade Unions in Banking Sector – End of the Road?

After more than 3 years of negotiations, strikes and agitations, wage revision for bank employees has been signed on 11...

Indian Economy Random Reflections

Article

Random Reflections- Demonetisation – The cruel joke on the People

After demonetisation on November 8, 2016, seeing the anger of the people, on Nov 13 PM Modi in an emotionally choked sp...

Indian Economy Random Reflections

Article

Random Reflections- Bad Boy Billionaires – Few abroad many more in the Country

Netflix is screening a three part series titled “Bad Boy Billionaires – India”. The documentary outlines certain elemen...

Random Reflections

Article

Random Reflections; Privatization of Public Sector – Withering of the State?

We just celebrated the 74th Independence day. On the Midnight of 14th August 1947, Pandit Jawaharlal Nehru while addres...

Indian Economy National Financial Institutions Random Reflections

Article

Banks Paying Heavily for Corporate Loan Waivers: RTI

Not Write offs, Corporate Loan Waivers Banks Recovered Only 10% Bad Loans After Writing Them Off !! According to...

Indian Economy National Financial Institutions NPAs

Article

19th July Call of the Day is “Defend Bank Nationalisation: – Defeat Bank Privatisation”

19th July 1969, the then Prime Minister Mrs. Indira Gandhi Nationalised 14 major private sector banks. Thus bankin...

Indian Economy National Financial Institutions

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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

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

April 26, 2021

Thomas Franco

Challenges Before the Banking Sector Today

The Public Sector Banks have been facing challenges since 1991 with the so-called reform process. Starting from the Narasimhan Committee to P.J. Nayak Committee has recommended reducing Government share. They want banks to be government managed without government control. It is privatisation by red...

General Random Reflections

Article

May 27, 2021

Thomas Franco

Taking away Govt business from Govt Banks: A deep conspiracy to kill them.

The Finance Minister has announced that the government business handled by the government banks i.e. the public sector banks will also be provided to the private sector. Already certain government businesses have been slowly handed over to the new generation private banks. State Bank of India was ...

General Random Reflections

Article

November 18, 2020

Thomas Franco

Random Reflections- Future of Wage Revision and Trade Unions in Banking Sector – End of the Road?

After more than 3 years of negotiations, strikes and agitations, wage revision for bank employees has been signed on 11.11.2020. For the award staff it is called Bipartite Settlement as they are covered under the Industrial Disputes Act and for officers it is called a Joint Note based on their barg...

Indian Economy Random Reflections

Article

November 11, 2020

Thomas Franco

Random Reflections- Demonetisation – The cruel joke on the People

After demonetisation on November 8, 2016, seeing the anger of the people, on Nov 13 PM Modi in an emotionally choked speech in Goa said “I have asked the country for just 50 days. If after December 30, there are short comings in my work or there are mistakes or a bad intention found in my work, I w...

Indian Economy Random Reflections

Article

October 20, 2020

Thomas Franco

Random Reflections- Bad Boy Billionaires – Few abroad many more in the Country

Netflix is screening a three part series titled “Bad Boy Billionaires – India”. The documentary outlines certain elements of the stories of Vijay Mallya, Nirav Modi and Subrata Roy. The documentaries are inaccurate, inadequate and misleading. The series on Subrata Roy of Sahara alone has some re...

Random Reflections

Article

August 22, 2020

Thomas Franco

Random Reflections; Privatization of Public Sector – Withering of the State?

We just celebrated the 74th Independence day. On the Midnight of 14th August 1947, Pandit Jawaharlal Nehru while addressing the Constituent Assembly in his famous speech, “Tryst with destiny”, underlined that the service of India means the service of the millions who suffer. It means the ending of ...

Indian Economy National Financial Institutions Random Reflections

Article

August 12, 2020

Ashish Kajla

Banks Paying Heavily for Corporate Loan Waivers: RTI

Not Write offs, Corporate Loan Waivers Banks Recovered Only 10% Bad Loans After Writing Them Off !! According to an RTI response received from Reserve Bank of India, between 2014 and 2019 scheduled commercial banks in India have written off bad loans worth Rs 6.35 lakh crore and have recover...

Indian Economy National Financial Institutions NPAs

Article

July 16, 2020

Devidas Tuljapurakar

19th July Call of the Day is “Defend Bank Nationalisation: – Defeat Bank Privatisation”

19th July 1969, the then Prime Minister Mrs. Indira Gandhi Nationalised 14 major private sector banks. Thus banking reached to the rural areas, backward regions. Banks started lending to the agriculture which enabled green revolution to become reality and thereby India became self reliant...

Indian Economy National Financial Institutions

Article

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Categories

Public Sector Banks

How was Banking in the Private Sector?

State-Owned Banks: Do We Need Them Anymore?

Challenges Before the Banking Sector Today

Taking away Govt business from Govt Banks: A deep conspiracy to kill them.

Random Reflections- Future of Wage Revision and Trade Unions in Banking Sector – End of the Road?

Random Reflections- Demonetisation – The cruel joke on the People

Random Reflections- Bad Boy Billionaires – Few abroad many more in the Country

Random Reflections; Privatization of Public Sector – Withering of the State?

Banks Paying Heavily for Corporate Loan Waivers: RTI

19th July Call of the Day is “Defend Bank Nationalisation: – Defeat Bank Privatisation”

How was Banking in the Private Sector?

State-Owned Banks: Do We Need Them Anymore?

Challenges Before the Banking Sector Today

Taking away Govt business from Govt Banks: A deep conspiracy to kill them.

Random Reflections- Future of Wage Revision and Trade Unions in Banking Sector – End of the Road?

Random Reflections- Demonetisation – The cruel joke on the People

Random Reflections- Bad Boy Billionaires – Few abroad many more in the Country

Random Reflections; Privatization of Public Sector – Withering of the State?

Banks Paying Heavily for Corporate Loan Waivers: RTI

19th July Call of the Day is “Defend Bank Nationalisation: – Defeat Bank Privatisation”