By Ashish Kajla 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 and current accounts) which banks use for lending to borrowers. Since public money is important for the banking sector, banks…
Category: Coverage
Financial misrule, frauds plagued Modi’s tenure
The NDA government led by Narendra Modi over the last five years has caused more damage to the economy than giving a big impetus to the growth, a report said. The economy took a severe hit with the mounting Non Performing Assets (NPA), policies (read Punishment) like Demonetisation, GST, Insolvency…
Bank Charges: Punishment for the Poor and Marginalised
Bad loans have worsened the banks’ balance sheet. Because of this, the money which banks need to put aside (called provisions) for bad loans has increased manifold, resulting in a decrease of money available with banks for lending. By Ashish Kajla Does financial inclusion mean taking away the hard-earned savings…