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Loan Waiver to People Affected by Disaster – Wayanad and Beyond: Is it a Just Demand?

Random Reflections The government and banks, which write off crores of depositors’ money to benefit the wealthie...

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

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

Don’t Invest Public Money in high risk Adani Coal to PVC Plant

Date: 31st August 2023 We the undersigned express our deep concern on reports in the news media which state that a State...

Energy General Oil and gas Petrochemicals Statements

Article

Finally a Five-Day Week in Banks!

Random Reflections It is being reported that banks in India will have a Five-Day Week soon once it is cleared by the Fin...

General Indian Economy Latest Random Reflections

Article

Systematically killing public sector banks: Pushing away people to money sharks

It was only after the nationalisation of 14 banks on July 19, 1969, that the banks reached the common people. The main c...

General Indian Economy Random Reflections

Article

Why are Public Sector Banks performing better?

Random Reflections The quarter 2 results of the public sector banks are noteworthy compared to a few years ago. All thes...

General Random Reflections

Article

Should SBI become the voice of the Government?

Random Reflections State Bank of India is a Public Sector Bank in which the Union Government holds a 54% share. It has t...

General 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

Is SBI getting Privatised?

Arvind Panagariya and Poonam Gupta have come up with a demand that all public sector banks, except the State Bank of In...

General Random Reflections

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October 31, 2024

Thomas Franco

Loan Waiver to People Affected by Disaster – Wayanad and Beyond: Is it a Just Demand?

Random Reflections The government and banks, which write off crores of depositors’ money to benefit the wealthiest, make a hue and cry when farmers or disaster-affected people demand loan waivers. Disasters occur frequently across the country, and they are only expected to increase due to...

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

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 27, 2023

CFA Admin

Don’t Invest Public Money in high risk Adani Coal to PVC Plant

Date: 31st August 2023 We the undersigned express our deep concern on reports in the news media which state that a State Bank of India (SBI) led consortium is planning to invest ₹ 34,000 crore in the first phase of Adani Enterprises led Coal to Poly Vinyl Chloride (PVC) project in Mundra, Gujarat. W...

Energy General Oil and gas Petrochemicals Statements

Article

March 7, 2023

Thomas Franco

Finally a Five-Day Week in Banks!

Random Reflections It is being reported that banks in India will have a Five-Day Week soon once it is cleared by the Finance Ministry. What is special about it? Banks abroad work only five days a week. International financial system works only five days a week. Reserve Bank of India works only for ...

General Indian Economy Latest Random Reflections

Article

January 30, 2023

CFA Admin

Systematically killing public sector banks: Pushing away people to money sharks

It was only after the nationalisation of 14 banks on July 19, 1969, that the banks reached the common people. The main changes that were done included a shift from class banking to mass banking, a shift from big industries to agriculture, the development of small, medium, and micro enterprises, a sh...

General Indian Economy Random Reflections

Article

November 15, 2022

Thomas Franco

Why are Public Sector Banks performing better?

Random Reflections The quarter 2 results of the public sector banks are noteworthy compared to a few years ago. All these banks showed good profits in the financial year 2021-22. Twelve PSBs made a net profit of Rs 25,685 Cr in quarter 2 of FY23 and a total of Rs 40,991 Cr in the first half of 2023....

General Random Reflections

Article

October 18, 2022

Thomas Franco

Should SBI become the voice of the Government?

Random Reflections State Bank of India is a Public Sector Bank in which the Union Government holds a 54% share. It has to be independent, and it has acted independently in the past. For example, Mr R.K. Talwar as chairman of the bank, refused to give a loan recommended by Mr Pranab Mukherjee, the t...

General 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

July 29, 2022

Thomas Franco

Is SBI getting Privatised?

Arvind Panagariya and Poonam Gupta have come up with a demand that all public sector banks, except the State Bank of India, should be privatised. They argue for this based on certain parameters of performance which are relevant only for private sector banks. Public sector banks fulfil the objective...

General Random Reflections

Article

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sbi

Loan Waiver to People Affected by Disaster – Wayanad and Beyond: Is it a Just Demand?

The first 23 years of Nationalisation and 30 years of Privatisation

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

Don’t Invest Public Money in high risk Adani Coal to PVC Plant

Finally a Five-Day Week in Banks!

Systematically killing public sector banks: Pushing away people to money sharks

Why are Public Sector Banks performing better?

Should SBI become the voice of the Government?

KYC – Kill Your Customer?

Is SBI getting Privatised?

Loan Waiver to People Affected by Disaster – Wayanad and Beyond: Is it a Just Demand?

The first 23 years of Nationalisation and 30 years of Privatisation

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

Don’t Invest Public Money in high risk Adani Coal to PVC Plant

Finally a Five-Day Week in Banks!

Systematically killing public sector banks: Pushing away people to money sharks

Why are Public Sector Banks performing better?

Should SBI become the voice of the Government?

KYC – Kill Your Customer?

Is SBI getting Privatised?