Financial Accountability Network – India
Striving to Make Financial Institutions Accountable
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…
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…
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…