PSBs gift corporates freedom from debts worth Rs 4.37 trillion during 2018-20
India’s public sector banks collectively wrote-off Rs 4.37 trillion-worth non-performing assets between April 2018 and December 2020, benefitting corporates.
Bank Privatisation
UFBU’s bank strike success shows employees’ anger against privatisation
UFBU’s two-day-long bank strike on March 15th and 16th 2021 showed the bank employees’ vehement opposition to Modi’s privatisation agenda
Yes Bank crisis exposed how NPAs are hastening the fall of private banks too
The Yes Bank crisis that drove thousands to uncertainty, proved once more that the private sector banks aren’t immune from NPA-driven major financial crisis
Resist public sector bank privatisation through mergers to save the economy
Nirmala Sitharaman’s decision to merge 10 public sector banks into four big banks is actually a step towards their privatisation, which must be resisted.
Resistance to Modi’s “big bang reform” plan is imperative to save the poor and India
Modi’s attempt to sell off India, its resources and labour to foreign and domestic corporations under the garb of “big bang reforms” must be resisted by all
Cat to Guard Fish: Assocham Demand of PSU Bank Privatisation
It’s not yet a week that the ₹11,400 crore worth PNB scam involving Nirav Modi and Mehul Choksi, two close aides of the Narendra Modi-led BJP government, became public, Assocham, an organisation that represents the interests of corporate India, started unashamedly raising the demand for privatisation of the public sector banks (PSB) to prevent the … Read more