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