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Prabhat Patnaik
Monday 11 June, 2018
Historically, the push for bank privatizationwhich has gathered momentum with a rise in tendencies to take to neo-liberal policies. The arguments for privatization have been put forward time and time again, depending on economic circumstances. As international finance capital demands outright privatization to control financial resources and popularizes the conception of social interest best served through free finance, the NPA crisis in India has become the justification of the day.
C.P. Chandrasekhar,Jayati Ghosh
Tuesday 15 May, 2018
Neo-liberal banking reform was launched in the early 1990s to address the low profitability of the public banking system and the large presence of non-performing assets. It set itself the objectives of cleaning out NPAs, recapitalising the banks and modifying banking practices to restore profitability and drastically reduce NPA volumes. This did initially have some effect. However, while the NPA ratio fell between the early 1990s and the mid-2000s, it has risen sharply since then. Moreover, while earlier priority and non-priority loans contributed equally to total NPAs, more recently, large non-priority loans to the corporate sector account for the bulk of NPAs. An analysis of these features reveals that these trends are indicative of the failure of neo-liberal banking reform in India.
Y.V. Reddy
Friday 09 March, 2018
This includes the text of the KLN Prasad Memorial Lecture that was delivered by Y V Reddy at the Administrative Staff College of India, Hyderabad on 1st February 2018.
Thomas Franco
Friday 19 May, 2017
Three proposals from three agencies related to the banking sector have come under the spotlight in the media. An MoU with the Department of Financial Services, GOI on a turnaround plan to justify infusion of new capital...
Andrew Cornford
Thursday 18 May, 2017
Banking reforms to regulate the financial sector have broadly remained inadequate. In the book reviewed, Shirreff proposes the legal separation of banking activities into three groups, a return to unlimited liability for partners in investment banks and caps on total remuneration as the radical and effective steps needed to stabilise the sector. He also favours scrapping of Basel I and II norms and the application of a financial transaction tax. The global applicability and acceptance of these proposals, however, remains uncertain.
C.P. Chandrasekhar
Wednesday 17 May, 2017
Narendra Modi government appears to have decided to privatise public sector banks (PSBs). Preparations are underway with arguments being marshalled that “there is no alternative” to privatisation.
Thomas Franco
Friday 31 March, 2017
In a surprise move, the Govt of India has forced 10 Public Sector Banks to sign an MoU in return for a small amount of capital. Many wonder why an MoU was required and why Unions and Associations are expected to sign. Is this a blank cheque for privatisation? Is it like taking the consent of a sacrificial goat by applying turmeric and water and getting its nod before sacrifice? The Government is like a parent and Public Sector Banks are like children. Will the parent take an undertaking from a child? These are questions which have to be answered by the Government.
Thomas Franco
Saturday 18 February, 2017
The meaning of reform is improvement / reorganisation / restructuring / modification / transformation / alteration / change / development as per dictionary. Reform should bring positive changes, reform should help the larger majority. But in the name of reform what are we doing? Between 1969 and 1991 the Public Sector Banks fulfilled the objectives of Nationalisation.
Thomas Franco
Friday 17 February, 2017
Business Standard, Editorial of 15.02.2017 titled, ‘Chasing rainbows- Banks Board Bureau is conspicuous by its inaction’, Economic Times article on the same day, ‘ESOPs for star performers at State-run Banks in the Works’ and the Finance Ministry’s news that they will soon announce Indra Dhanush – 2, made me to think
Thomas Franco
Thursday 16 February, 2017
The advertisements of Airtel Payment Bank showing crowded branches, indifferent staff and different interest rates have been prepared to show public sector banks in poor light and an abuse on the employees of Public Sector Banks. It says why the Banks have to be like this? The ethics to be followed in advertisement is completely given a go by.
 

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