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…
Tag: Banking
The Breach of Trust between Banks and their Customers
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…
Depositors facing double whammy of keeping savings and paying for bank losses
The savings of people deposited in banks form the capital of banks which banks lend to borrowers. Banks earn interest on the loans issued to borrowers. The cost of operating expenses including salaries comes from this interest on the loans issued by banks. The saving account depositors receive interest on…
Support Bank Strike against Mergers and Bank Charges
For Immediate Release Support Bank Strike against Mergers and Bank Charges September 23, 2019: Financial Accountability Network, India stands in solidarity with the strikes and protest actions announced by the bank officers and employee unions. Four officers’ unions All India Bank Officer’s Confederation (AIBOC), the All India Bank Officer’s Association (AIBOA),…
Mergers to result in global banks? They would be worth $4 bn vs big banks’ capital $70-80 bn
Four officers’ unions, All India Bank Officer’s Confederation (AIBOC), the All India Bank Officer’s Association (AIBOA), the Indian National Bank Officer’s Congress (INBOC) and the National Organization of Bank Officers (NOBO), have called for a strike on September 26 and 27 to protest against the merger of 10 state-run banks…
The government is now trying to get rid of PSUs: VK Tomar
In the wake of RBI’s decision to transfer Rs 1.76 lakh crore to the government as per the recommendations of the Bimal Jalan-led committee; and Modi Government’s the decision to merge 10 Public Sector Banks to carve out for large banks, a public debate titled ‘RBI’s Reserve Fund Transfer & Banks…
RBI must have a healthy reserve to prevent Rupee depreciation: Paranjoy Guha-Thakurta
In the wake of RBI’s decision to transfer Rs 1.76 lakh crore to the government as per the recommendations of the Bimal Jalan-led committee; and Modi Government’s the decision to merge 10 Public Sector Banks to carve out for large banks, a public debate titled ‘RBI’s Reserve Fund Transfer & Banks…
All Government wants is to be seen as doing something: Prof CP Chandrasekhar
In the wake of RBI’s decision to transfer Rs 1.76 lakh crore to the government as per the recommendations of the Bimal Jalan-led committee; and Modi Government’s the decision to merge 10 Public Sector Banks to carve out for large banks, a public debate titled ‘RBI’s Reserve Fund Transfer & Banks…
RBI’s autonomy died on Nov 2016 when the government declared demonetisation: Prof Jayati Ghosh
In the wake of RBI’s decision to transfer Rs 1.76 lakh crore to the government as per the recommendations of the Bimal Jalan-led committee; and Modi Government’s the decision to merge 10 Public Sector Banks to carve out for large banks, a public debate titled ‘RBI’s Reserve Fund Transfer & Banks…
Bank Merger is against The Banking Companies Act, 1970: Dr Thomas Franco
In the wake of RBI’s decision to transfer Rs 1.76 lakh crore to the government as per the recommendations of the Bimal Jalan-led committee; and Modi Government’s the decision to merge 10 Public Sector Banks to carve out for large banks, a public debate titled ‘RBI’s Reserve Fund Transfer & Banks…