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Thomas Franco
Friday 19 May, 2017
May Day is celebrated as International Workers Day to remember the sacrifices of the working class and also assert the rights of workers. The first May Day was on May 1, 1886 when more than 300000 workers in 13000 businesses across the United States walked off their jobs asking for an 8 hour day among other demands.
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...
Thomas Franco
Monday 17 April, 2017
There is so much hue and cry in the press about giving debt relief to farmers who are under severe stress. The Madras High Court judges who gave a favourable order are also being questioned as interfering with the Executive.
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
Thursday 16 March, 2017
There is huge hue and cry about the proposed service charges and minimum balance to be maintained by the customers’ of State Bank of India and it is justified. The only thing forgotten is that SBI is only an arrow and the shooter is the Central Government.
Thomas Franco
Tuesday 28 February, 2017
The economic survey presented by Dr. Aravind Subramaniam, Chief Economic Advisor talked about creation of a Public Sector Asset Rehabilitation Agency (PARA). The new Deputy Governor of RBI who is a known votary of Privatisation, who has taken leave from New York University for 3 years.....
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.
Thomas Franco
Wednesday 15 February, 2017
Our Bank is facing many challenges now. Every employee and everyone who cares for the Bank (30 crore is our customer base) have to seriously look at what is happening in SBI as one fifth of the Banking business of the country is handled by SBI.
 

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