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Enhanced Access and Service Excellence – Easy way of Cheating People

In January 2018, the Government of India launched EASE 1.0. It was developed by Boston Consultancy Group (BCG), a mult...

General Random Reflections

Article

DICGC- To Benefit Govt, Not Customers

Protest by PMC customers The Deposit Insurance Act 1961 came into force from 1st January 1962. Though the name still c...

General Random Reflections

Article

Why Sell the Public Sector? Pandey ji, please explain.

Tuhin Kanta Pandey, Secretary, Dept of Investment and Public Asset Management was addressing industrialists in the meet...

General Random Reflections

Article

Shame on you, Finance Minister!

Canara Bank, Head Office, Bengaluru Finance Minister Nirmala Sitharaman recently tweeted- “The Primary reason for PSBs t...

General Random Reflections

Article

Co-operatives – New back door entry for RSS?

A cooperative society in Bareli, UP An advertisement in ‘The Hindu’ by The Gujarat State Co-op Bank Ltd says it all subt...

General Random Reflections

Article

The Reserve Bank of India Speeds up its Anti People Policies

It’s well known now that RBI is no more an independent institution, and it’s going to destroy the economy of the c...

General Random Reflections

Article

Reserve Bank of India or the Richmen Bank of India?

RBI has been losing credibility since demonetisation. Its subsequent efforts like not intervening when Bank charges were...

General Random Reflections

Article

Did Nationalisation Achieve its Objectives?

Bank Nationalisation and the associated public policies on banking and financial sector development were predicated on t...

General Random Reflections

Article

Why was the Nationalisation of Banks Necessary?

The Socio-political environment of the second half of 1960s reflected a sense of disenchantment in the growing inequalit...

General Random Reflections

Article

Business Correspondents: Modern Day Slavery in Banking Sector

As per RBI Data, as on March 2020 there were 5,41,175 business correspondents in villages and 6,35,046 business corresp...

General Random Reflections

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September 6, 2021

Thomas Franco

Enhanced Access and Service Excellence – Easy way of Cheating People

In January 2018, the Government of India launched EASE 1.0. It was developed by Boston Consultancy Group (BCG), a multinational consultant with no experience in banking at all, and it is still run by them. They just cook up some data and give projections. Their projects have failed abroad, and the...

General Random Reflections

Article

August 25, 2021

Thomas Franco

DICGC- To Benefit Govt, Not Customers

Protest by PMC customers The Deposit Insurance Act 1961 came into force from 1st January 1962. Though the name still continues to be ‘Deposit Insurance and Credit Guarantee Corporation,’ the Credit Guarantee scheme was discontinued in 2003. The Deposit Insurance does not cover Non-Banking Finance...

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Article

August 17, 2021

Thomas Franco

Why Sell the Public Sector? Pandey ji, please explain.

Tuhin Kanta Pandey, Secretary, Dept of Investment and Public Asset Management was addressing industrialists in the meeting ‘CII National Conclave’ and stated that disinvestment is back on track now. He is supposed to invest and not disinvest. His speech is in fact venomous and with the pitch of ‘Se...

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Article

August 6, 2021

Thomas Franco

Shame on you, Finance Minister!

Canara Bank, Head Office, Bengaluru Finance Minister Nirmala Sitharaman recently tweeted- “The Primary reason for PSBs to post such as Rs.57832 Crore turn around – from a loss of Rs.26016 Crore in 2019-2020 to a combined profit of Rs. 31816 Crore was the end of their legacy bad loan problems.” I won...

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Article

July 23, 2021

Thomas Franco

Co-operatives – New back door entry for RSS?

A cooperative society in Bareli, UP An advertisement in ‘The Hindu’ by The Gujarat State Co-op Bank Ltd says it all subtly. ’This Ministry will bring millions of people serving in the sectors including Banking, Farming, Fisheries, Animal Husbandry, Sugar Manufacturing and Milk Processing Unit...

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Article

July 12, 2021

Thomas Franco

The Reserve Bank of India Speeds up its Anti People Policies

It’s well known now that RBI is no more an independent institution, and it’s going to destroy the economy of the country as directed by the Corporates. But its actions are alarming. Firstly, to help the Corporates to get loans at cheaper rate (though they seldom repay), the interest rate on d...

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Article

June 18, 2021

Thomas Franco

Reserve Bank of India or the Richmen Bank of India?

RBI has been losing credibility since demonetisation. Its subsequent efforts like not intervening when Bank charges were increased, proposing banking licences to corporates which RBI all along opposed on well found principles, allowing more FDI into Banking Sector, relaxing Priority Sector Lending n...

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Article

June 2, 2021

Thomas Franco

Did Nationalisation Achieve its Objectives?

Bank Nationalisation and the associated public policies on banking and financial sector development were predicated on the strong assumption of the need for promoting financial intermediation by building institutions, expanding their geographical spread, mobilising savings, and ensuring a better reg...

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Article

May 25, 2021

Thomas Franco

Why was the Nationalisation of Banks Necessary?

The Socio-political environment of the second half of 1960s reflected a sense of disenchantment in the growing inequalities spawned by the development process–a sense which was highlighted by a series of studies such as the reports of monopolies inquiry commission and Mahalanobis committee on distri...

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Article

April 29, 2021

Thomas Franco

Business Correspondents: Modern Day Slavery in Banking Sector

As per RBI Data, as on March 2020 there were 5,41,175 business correspondents in villages and 6,35,046 business correspondents in urban areas. So there are 11,76,221 Customer Service Points covered by the business correspondents (RBI Annual Report 2020) whereas there are only 86,915 branches of Pub...

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Our Money | Our Rights | Our Voice

random reflections

Enhanced Access and Service Excellence – Easy way of Cheating People

DICGC- To Benefit Govt, Not Customers

Why Sell the Public Sector? Pandey ji, please explain.

Shame on you, Finance Minister!

Co-operatives – New back door entry for RSS?

The Reserve Bank of India Speeds up its Anti People Policies

Reserve Bank of India or the Richmen Bank of India?

Did Nationalisation Achieve its Objectives?

Why was the Nationalisation of Banks Necessary?

Business Correspondents: Modern Day Slavery in Banking Sector

Enhanced Access and Service Excellence – Easy way of Cheating People

DICGC- To Benefit Govt, Not Customers

Why Sell the Public Sector? Pandey ji, please explain.

Shame on you, Finance Minister!

Co-operatives – New back door entry for RSS?

The Reserve Bank of India Speeds up its Anti People Policies

Reserve Bank of India or the Richmen Bank of India?

Did Nationalisation Achieve its Objectives?

Why was the Nationalisation of Banks Necessary?

Business Correspondents: Modern Day Slavery in Banking Sector

CFA

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random reflections

Enhanced Access and Service Excellence – Easy way of Cheating People

DICGC- To Benefit Govt, Not Customers

Why Sell the Public Sector? Pandey ji, please explain.

Shame on you, Finance Minister!

Co-operatives – New back door entry for RSS?

The Reserve Bank of India Speeds up its Anti People Policies

Reserve Bank of India or the Richmen Bank of India?

Did Nationalisation Achieve its Objectives?

Why was the Nationalisation of Banks Necessary?

Business Correspondents: Modern Day Slavery in Banking Sector

Enhanced Access and Service Excellence – Easy way of Cheating People

DICGC- To Benefit Govt, Not Customers

Why Sell the Public Sector? Pandey ji, please explain.

Shame on you, Finance Minister!

Co-operatives – New back door entry for RSS?

The Reserve Bank of India Speeds up its Anti People Policies

Reserve Bank of India or the Richmen Bank of India?

Did Nationalisation Achieve its Objectives?

Why was the Nationalisation of Banks Necessary?

Business Correspondents: Modern Day Slavery in Banking Sector

CFA