Bank Nationalization Day: In Defense of Public Sector Banks

Bank Nationalization Day: In Defense of Public Sector Banks

  Bank Nationalization Day: In Defense of Public Sector Banks statement warning against the privatization of banks   Stop Privatisation! Democratise Banking! New Delhi, July 19, 2021: 19th of July is marked as the bank nationalisation day, recognising the historical decision of the Indira Gandhi government to take control of…

IN DEFENCE OF DEMOCRACY AND THE FARMERS’ MOVEMENT

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…

Banks Fraudulently Converted Jan Dhan Accounts into Regular Saving Accounts to Extract Bank Charges

Banks Fraudulently Converted Jan Dhan Accounts into Regular Saving Accounts to Extract Bank Charges

Pradhan Mantri Jan Dhan Yojna (PMJDY) was launched in August 2014 by the Prime Minister Narendra Modi with the aim of providing banking facilities to the poor and to increase financial inclusion in the country. It aimed to open at least one basic banking account for every household and provide…

Complete ‘negligence’ by RBI led to Yes Bank debacle: Financial advocacy group

Complete ‘negligence’ by RBI led to Yes Bank debacle: Financial advocacy group

In a “public statement”, the advocacy group Financial Accountability Network India, New Delhi, has said that the Yes Bank debacle exposes the Reserve Bank of India (RBI) “failure”, insisting on the need to hold those responsible for the debacle “accountable” and move towards “nationalising” private banks. Endorsed by 30 academics…