Statement on the Misleading Media Reports on SBI’s Service Charges

For Immediate Release Media Reporting on Bank Charges Misleading: SBI Continues to Fleece its Customers!! Public Statement by Financial Accountability Network India. September 23, 2019: There has been misleading media reports, which claimed that State Bank of India has revised various services charges. The reports claimed that there has been a…

Bank merger is another name of bank murder: Purushottam Sharma

In the wake of RBI’s decision to transfer Rs 1.76 lakh crore to the government as per the recommendations of the Bimal Jalan-led committee; and Modi Government’s the decision to merge 10 Public Sector Banks to carve out for large banks, a public debate titled ‘RBI’s Reserve Fund Transfer & Banks…

The government is now trying to get rid of PSUs: VK Tomar

In the wake of RBI’s decision to transfer Rs 1.76 lakh crore to the government as per the recommendations of the Bimal Jalan-led committee; and Modi Government’s the decision to merge 10 Public Sector Banks to carve out for large banks, a public debate titled ‘RBI’s Reserve Fund Transfer & Banks…

RBI must have a healthy reserve to prevent Rupee depreciation: Paranjoy Guha-Thakurta

In the wake of RBI’s decision to transfer Rs 1.76 lakh crore to the government as per the recommendations of the Bimal Jalan-led committee; and Modi Government’s the decision to merge 10 Public Sector Banks to carve out for large banks, a public debate titled ‘RBI’s Reserve Fund Transfer & Banks…

All Government wants is to be seen as doing something: Prof CP Chandrasekhar

In the wake of RBI’s decision to transfer Rs 1.76 lakh crore to the government as per the recommendations of the Bimal Jalan-led committee; and Modi Government’s the decision to merge 10 Public Sector Banks to carve out for large banks, a public debate titled ‘RBI’s Reserve Fund Transfer & Banks…

RBI’s autonomy died on Nov 2016 when the government declared demonetisation: Prof Jayati Ghosh

In the wake of RBI’s decision to transfer Rs 1.76 lakh crore to the government as per the recommendations of the Bimal Jalan-led committee; and Modi Government’s the decision to merge 10 Public Sector Banks to carve out for large banks, a public debate titled ‘RBI’s Reserve Fund Transfer & Banks…

Bank Merger is against The Banking Companies Act, 1970: Dr Thomas Franco

In the wake of RBI’s decision to transfer Rs 1.76 lakh crore to the government as per the recommendations of the Bimal Jalan-led committee; and Modi Government’s the decision to merge 10 Public Sector Banks to carve out for large banks, a public debate titled ‘RBI’s Reserve Fund Transfer & Banks…

Bank mergers was done at the behest of corporates: Sitaram Yechury

In the wake of RBI’s decision to transfer Rs 1.76 lakh crore to the government as per the recommendations of the Bimal Jalan-led committee; and Modi Government’s the decision to merge 10 Public Sector Banks to carve out for large banks, a public debate titled ‘RBI’s Reserve Fund Transfer & Banks…

HDFC’s minimum balance penalty pushed my account balance to Rs -4000: Rehan, Jamia Millia Islamia

“I have an account in the HDFC Bank, where the requirement of minimum balance is Rs 10,000. Since the last five-six months, I haven’t been able to maintain it. The penalty levied by the bank due to the non-maintenance of the minimum balance has pushed my account balance to Rs…