Can agitating public sector bankers do a farmer on the Modi government?

Bank employees opposing privatisation have been forging alliances with a wide network of like-minded groups. A new mood of resistance is emerging in India.

Rajesh Mahapatra

· Dec 15, 2021 · 07:15 pm

Centre lifts restriction on private banks from getting business on government transactions

Only a few private sector lenders will be allowed to conduct government-related banking transactions like payment of taxes, pension payments and small savings.

Scroll Staff

· Feb 24, 2021 · 06:51 pm

Loan moratorium scheme: SC says Centre’s affidavit on waiving interest on interest unsatisfactory

The top court ordered the Centre and the RBI to place on record the KV Kamath Committee recommendations to bail out sectors affected by the pandemic.

Scroll Staff

· Oct 05, 2020 · 04:36 pm

Loan moratorium scheme: SC bars non-NPA accounts from being declared NPAs for two months

Justice Ashok Bhushan said in his order that banks should take no action against borrowers that is coercive.

Scroll Staff

· Sep 03, 2020 · 05:41 pm

Finance ministry asks banks not to levy any charges on electronic transactions

The CBDT said the Ministry of Finance has asked banks to immediately refund charges collected from January 1, 2020, for electronic payments.

Scroll Staff

· Aug 31, 2020 · 08:20 am

Raghuram Rajan hits back at Centre, says most of his time as RBI chief was under BJP-led government

The former RBI governor said in an interview that India needed another generation of economic reforms.

Scroll Staff

· Oct 31, 2019 · 06:51 pm

IDBI Bank to be infused with more than Rs 9,000 crore, says Centre

The struggling lender’s shares jumped 10.84% after the announcement.

Scroll Staff

· Sep 03, 2019 · 04:19 pm

Reserve Bank of India scraps charges on digital payments made through RTGS and NEFT

Instructions to banks in this regard will be issued within a week.

Scroll Staff

· Jun 06, 2019 · 01:17 pm

RBI holds board meeting headed by Shaktikanta Das, says it will further examine governance framework

The central bank also said that the board of directors reviewed the current economic situation in the country.

Scroll Staff

· Dec 14, 2018 · 08:21 pm

RBI crisis: India is moving fast and breaking the wrong things

Undermining the central bank in the name of the public interest, just when the institution finally has some capacity to serve the public, would be a real shame.

Andy Mukherjee, Bloomberg

· Nov 12, 2018 · 10:30 am

Securitisation: The risky business that fuelled the 2007 financial crisis is making a comeback

Securitisation allowed banks to repackage and sell bad debt to third-party investors, and drove opportunistic behaviour.

Solomon Y Deku, The Conversation

 & 

Alper Kara, The Conversation

· Sep 18, 2018 · 07:30 pm

State Bank of India raises benchmark lending rates by 20 basis points for September

The country’s largest lender raised the overnight Marginal Cost of Funds-based Lending Rate from 7.90% to 8.10%.

Scroll Staff

· Sep 01, 2018 · 12:49 pm