For Immediate Release Strengthen Public Sector Banks! Bring Focus Back to Mass Banking! July 20, 2019: On the golden jubilee year of nationalisation of the banks, Financial Accountability Network India commends the Public Sector Banks (PSBs) for their service for the past five decades. The role of the nationalised banks…
Category: Release
RBI Barks up the Wrong Tree on NPA
For Immediate Release RBI Barks up the Wrong Tree on NPA Shaktikanta Das, Governor of the Reserve Bank of India, while releasing the Financial Stability Report, recently said that by March 2020 the bad loan ratio would fall to 9 per cent of advances. For the non-performing assets (NPAs) hovering…
Not Just RTGS And NEFT, RBI Must Do Away With All Bank Charges
For Immediate Release Not Just RTGS And NEFT, RBI Must Do Away With All Bank Charges Financial Accountability Network India welcomes the Reserve Bank of India’s decision to remove charges for the RTGS and NEFT transactions and to form a committee under the chairmanship of Chief Executive Officer, Indian Banks’…
A Rebuttal To RBI’s Misleading Response On Bank Charges
As a part of FAN India’s campaign against bank charges imposed on saving account holders, people have been lending support by sending emails to RBI governor and demanding the removal of the various charges levied by banks. This document is a point-by-point rebuttal to a response to the RBI’s email…
Stop Imposing Bank Charges on Poor for Flourishing the Rich in India
The recently released Reserve Bank of India’s (RBI) annual Banking Ombudsman Report for the year 2017-18 mentions a pilot study in Mumbai on the service charges levied by the banks for basic banking services. The study was commissioned to ascertain customer feedback and the need for rationalisation of charges. The…
Political Parties and CSOs Criticise Modi Government on its Economic Performance
For immediate release Political Parties and CSOs Criticise Modi Government on its Economic Performance New Delhi, March 15, 2019: “The BJP, before the 2014 elections, created an illusion of achchhe din. Though they promised to double farmers income, increasing Minimum Support Price (MSP) by 1.5 times, they did opposite everything of…