Financial Accountability Network – India
Striving to Make Financial Institutions Accountable
Bank Nationalization Day: In Defense of Public Sector Banks statement warning against the privatization of banks Stop Privatisation! Democratise Banking! New Delhi, July 19, 2021: 19th of July is marked as the bank nationalisation day, recognising the historical decision of the Indira Gandhi government to take control of…
Press Release: In Defence of Democracy and the Farmers’ Movement 2 December 2020: The widespread farmers agitations against the pro-business and anti-farmer legislations passed undemocratically by the Indian Parliament in September 2020, has been met with a predictable insensitive and muted response from the Government. At the meeting called by…
In Solidarity with the Nationwide General Strike! Scrap Farm Bills! Withdraw anti-Labour Reforms! Stop Privatisation of PSUs! New Delhi, November 23, 2020: Financial Accountability Network India (FAN India) stands in solidarity with the nation-wide general strike on 26th November called by the trade unions demanding withdrawal of anti-worker wage/labour…
Bank Charges Should be Scrapped and Not Just Paused out of ‘Benevolence’ November 4, 2020, New Delhi: The Ministry of Finance announced yesterday that, no Public Sector Bank has increased the bank charges and will not do so in view of the COVID pandemic. The announcement came after strong backlash…
Due to nationwide lockdown started from 24th March, 2020 amid of corona pandemic, Finance Minister Ms. Nirmala Sitaraman announced waive off of charges for not maintaining Monthly Minimum Balance and for ATM transactions for 3 months, i.e. April-May-June as a part of economic relief measure. But despite this announcement,…
Centre Must Respect Fiscal Federalism and Legal Obligations under GST (Compensation to the States) Act, 2017 Statement from Civil Society Organisations, Economists and Concerned citizens New Delhi, October 2, 2020: Financial Accountability Network India (FAN India) and the undersigned condemn the central government for violating the GST (Compensation to the…
July 15, 2020 Financial Accountability Network India along with other civil society organisations, trade unions, bankers, people’s movements and networks strongly demand that the time for the consultation on the discussion paper on governance be increased to a minimum of three months along with necessary arrangements for wider participation of…
July 11, 2020, Delhi: Financial Accountability Network India condemns the banks for resuming the bank charges which were withheld for three months by Finance Minister. While all the banks resumed the ATM charges and penalty for not maintaining the minimum balance from the month of July, Bank of Maharashtra increased the…
Pradhan Mantri Jan Dhan Yojna (PMJDY) was launched in August 2014 by the Prime Minister Narendra Modi with the aim of providing banking facilities to the poor and to increase financial inclusion in the country. It aimed to open at least one basic banking account for every household and provide…
There are several factors which play an important role in determining the relationship between banks and their customers. One of the most important amongst them is what services banks provide and how they deliver it to their customers which can facilitate the best to their financial needs. Banks were nationalised…
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