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Public Sector Banks
May 1, 2019
The Arbitrary Bank Charges must be Removed
Banks act as financial intermediaries between depositors and borrowers. It is the public money, deposited in the form of term deposit (fixed deposits) and time deposit (saving & current accounts) which banks use for lending to borrowers. Since public money is important for the banking sector as ...
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May 16, 2019
Merger of Banks: Harmful, Ill-timed and Avoidable
Public Statement | New Delhi, September 18, 2018 The Merger of Banks: Harmful, Ill-timed and Avoidable The decision of the government to merge Bank of Baroda, Dena Bank and Vijaya Bank yesterday (September 17, 2018) is harmful to public sector banks (PSBs) and is a precursor for privatising the PSBs...
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September 1, 2018
Haircut for the Lenders Under Insolvency and Bankruptcy Code!
When the Bill for ‘Insolvency and Bankruptcy Code, 2016’ was passed in parliament in May 2016, it was hailed as the biggest economic reform, only next to GST, by the current government. The Insolvency and Bankruptcy Code, 2016 consolidated and amended various laws relating to insolvency resolution o...
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