The Real Aim of Demonetisation was to Kill the Informal Economy, Rest of the Claims were Just Lies and Jumlas Press Conference on Five Years of Demonetisation 12th November 2021, Press Club of India, New Delhi Financial Accountability Network India ———————————————————————————– “If they needed to fight black money, it…
Category: Press Release
Reclaim the Republic @ 75
Reclaim the Republic @ 75 Press Release | August 16, 2021: It has been 75 years since what we called our “tryst with destiny”. The 75th year ought not to be a time just for mindless celebrations and pomp and splendour. It is a time to reflect, introspect…
IN DEFENCE OF DEMOCRACY AND THE FARMERS’ MOVEMENT
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…
Statement on RBI’s discussion paper on Governance in Commercial Bank in India
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…
FAN India Condemns the Continuous Exploitation of Depositors by Banks even During the COVID Times
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…
SBI Waiver on Minimum Balance Penalty is Welcome
Public Statement: March 12, 2020 SBI Waiver on Minimum Balance Penalty is Welcome: All Bank Charges, Hurting the Poor, Must Go. Financial Accountability Network India (FAN India) welcomes the announcement of State Bank of India (SBI) to waive the penalty for not maintaining Average Minimum Balance and for SMS service.…
Yes Bank Debacle exposes RBI’s Failure: Time to Hold the Responsible Accountable & Nationalise Private Banks
Public Statement | March 9, 2020 Yes Bank Debacle exposes RBI’s Failure Time to Hold the Responsible Accountable & Nationalise Private Banks Reserve Bank of India has once again failed the depositors of this country by putting Yes Bank under the restrictions for a month and putting the cap on…
Government Seeks another Bail-out!
Government Seeks another Bail-out! New Delhi, 13 January 2019: Financial Accountability Network India (FAN India) condemns the government’s move to seek another round of funds from Reserve Bank of India (RBI). This comes in just months after the RBI approved Rs. 1.76 Lac Crore (including Rs. 52,637 crore from…
Public Statement: Communalising Banking
New Delhi, December 27, 2019: Financial Accountability Network India condemns RBI’s amendment of Foreign Exchange Management Regulations (FEMA) Act, that requires customers with a Non-Resident Ordinary (NRO) account to identify their religion for their ‘Know your Customer’ (KYC) details. The changes, which are in tandem with the Citizenship Amendment Act (CAA)…
Bank Charges: Penalising The Poor Continues, As Corporates Enjoy Rs. 6 Lakh Crore Write-Offs
Public Statement | 27.11.2019 New Delhi: The public sector banks collected just under Rs 2000 crore in 2018-19 as a penalty for not maintaining the minimum balance in savings bank accounts. This was revealed by the Minister of State for Finance, Mr. Anurag Thakur in the Lok Sabha on Monday…