Bank Nationalisation

Bank Nationalisation News

Kesavananda Bharati passes away: 40 years since he took on Kerala govt, a look back at landmark case
India

Kesavananda Bharati passes away: 40 years since he took on Kerala govt, a look back at landmark case

The idea that Parliament was a creature of the Constitution and draws its powers from it, is now well-established

Lesson from PMC Bank scam: Forensic, active supervision needed; RBI and govt must work to help whistleblowers, protect depositors
Business

Lesson from PMC Bank scam: Forensic, active supervision needed; RBI and govt must work to help whistleblowers, protect depositors

The PMC Bank episode compares in scale (with an approximate exposure of Rs 6,500 crore) with the Rs 7,855-crore Satyam Computer Services scandal, which has been dubbed as India's biggest accounting fraud.

Firstpost Editor's Picks: Sheila Dikshit passes away, Disney embraces diversity, moon landing's 50th anniversary; today's must-read stories
India

Firstpost Editor's Picks: Sheila Dikshit passes away, Disney embraces diversity, moon landing's 50th anniversary; today's must-read stories

In many ways, Sheila Dikshit's rise was reflective of the changed demography and aspirations in the national capital.

Half a century of bank nationalisation: Indira Gandhi’s historic blunder or India’s biggest bank reform?
Business

Half a century of bank nationalisation: Indira Gandhi’s historic blunder or India’s biggest bank reform?

Around 14 banks were nationalised on 1 July, 1969 which was followed up with six more a decade later, in 1980

Nationalisation of banks: Spread of public sector banks paved way for balanced economic development, large-scale job creation
Business

Nationalisation of banks: Spread of public sector banks paved way for balanced economic development, large-scale job creation

The nationalisation of banks was probably one of the boldest steps taken by the government in 1969 as it involved bringing virtually the entire financial system under the public sector.

Narendra Modi-led govt made some radical reforms, but largely lost opportunity for dynamic change
India

Narendra Modi-led govt made some radical reforms, but largely lost opportunity for dynamic change

While the Narendra Modi-led government has attempted certain policies, it has largely lost out on an environment opportune for dynamic change.

Nandan Nilekani bats for privatisation of PSBs, says rationale behind bank nationalisation has ceased to exist
Business

Nandan Nilekani bats for privatisation of PSBs, says rationale behind bank nationalisation has ceased to exist

Nandan Nilekani said "original rationale" for bank nationalisation has ceased to exist and that privatisation is the way forward for public sector lenders

News18's Rising India Summit: BJP, Congress' war of words on unemployment underlines intertwined nature of politics, economics
India

News18's Rising India Summit: BJP, Congress' war of words on unemployment underlines intertwined nature of politics, economics

It is claimed that politics and economics are two different realms. However, as India's experience shows, the two can never be completely separated.

Nirav Modi fraud: 5 reasons why SBI chairman Rajnish Kumar is wrong about PSB privatisation
Business

Nirav Modi fraud: 5 reasons why SBI chairman Rajnish Kumar is wrong about PSB privatisation

Privatisation may not be a panacea for the problems of state-run banks but it can lift them to a better operational environment and more importantly leave these banks fight in the market competition where only the fittest survives

Rot in PSBs Part 5: PNB fraud shows beggarly state of lenders; it’s time to reverse Indira Gandhi’s bank nationalisation
Business

Rot in PSBs Part 5: PNB fraud shows beggarly state of lenders; it’s time to reverse Indira Gandhi’s bank nationalisation

It’s time the government looked at reversing Indira Gandhi’s decision on bank nationalisation which has proved to be a failure and give a serious thought on privatisation.