Skip to main content

Posts

Showing posts from July, 2021

भविष्यातील सुधारणांसाठी बँकिंग क्षेत्रातील सुधारणा

Eclipse of bad debts

 Bank Nationalization Anniversary Be it a green revolution or a white revolution, public sector banks have become a source of development for the country. While more than twenty-five banks were in financial trouble, public sector banks worked to save them. Socially conscious with profit, these banks provided banking services in villages. July 19, 2021 marks the 52nd anniversary of bank nationalization.  The government is likely to table a proposal to amend the law in the block assembly session starting on the same day as the anniversary of nationalization. The government argues that for the last three years, many public sector banks have been running at a loss and have run out of capital. In order to comply with the regulatory directives on capital adequacy funding, the government has had to provide capital to these banks by allocating Rs 4 lakh crore in the last five years and this is not always possible for the government. This is because the widening budget deficit increases the ris

Popular posts from this blog

Insurance cover is the basis for sinking bank depositors

   The banking system handles the savings of the common man. Protecting bank and bank's depositor is the main objective of the Reserve Bank, which is why the credibility of the banking system is maintained today. But the revelation of scams like Yes Bank, PMC Bank has once again created an atmosphere of mistrust in the banking industry. While insurance among deposits may not be the solution to some of the scams, it can be prevented only if the perpetrators of these scams are severely punished and held accountable to all concerned, including the Reserve Bank.

सध्याचा कालखंड कॉर्पोरेट्सचा सुवर्ण कालखंड आहे?

शतकानुशतके पूर्वीच्या काळाच्या सुवर्ण काळाच्या दाव्याची नक्कल आपल्या सभ्यता अजूनही करत आहेत, त्याप्रमाणे सदासर्वकाळ येणाऱ्या  पिढ्या सध्याच्या काळातील कॉर्पोरेट वर्गाचा सुवर्णकाळ असल्याचा युक्तिवाद करतात, यात आश्चर्य वाटू नये. विकासाचे एक नवीन मॉडेल बाजारात आणले गेले आहे, सरकार आपले वजनकाटा  आणि तराजू घेऊन बाजारात उतरली  आहे, पूर्वीच्या सरकारांनी  बनवलेल्या सर्व सार्वजनिक मालमत्ता एक एक करून विकल्या जात आहेत. सुरवातीला काही आजारी घटकांच्या संदर्भात, ही केवळ सरकारची एक उपाय योजना आहे असे वाटले , पण जेव्हा तोट्यात असणाऱ्या काही सार्वजनिक कंपन्यांसोबत  सतत फायद्यात असलेल्या सार्वजनिक कंपन्यांनाही  विकल्या  जाऊ लागल्या , तेव्हा चित्र पूर्णपणे स्पष्ट झाले आणि हा गोंधळ स्वातंत्र्योत्तर नंतर कायमचाच सुरू झाला. देशातील सरकारांनी सामान्य करदात्यांच्या पैशांसह राष्ट्रीय हितासाठी आणि सार्वजनिक हितासाठी सार्वजनिक उपक्रमांची मोठी साखळी तयार केली आणि विकासाच्या मोठ्या परिमाणांना मजबूत पाया दिला. राष्ट्रीयीकृत बँकांनी गरीब शेतकरयांना  कर्ज दिले. जमीनदारांच्या पंज्यातून  मुक्त तर केलेच पन  देश

The need for Democratization of Banks!

On July 19, 1969, the then Prime Minister of India Indira Gandhi nationalized 14 large private banks.This Month marks 51 years since that incident. Coincidentally, the nationalized banking industry is currently going through an unprecedented dilemma. As per the mega consolidation plan by Central Government, Oriental Bank of Commerce and United Bank of India merged into Punjab National Bank (PNB); Syndicate Bank into Canara Bank; Andhra Bank and Corporation Bank into Union Bank of India; and Allahabad Bank into Indian Bank. Following the consolidation, there are seven large public sector banks (PSBs), and five smaller ones. There were as many as 27 PSBs in 2017. The total number of public sector banks in the country came down from 18 to 12 beginning this financial year. It is undeniable that there is a blockade in public sector banking today. The gross non-performing assets (NPAs) of public sector banks (PSBs) have declined by Rs 89,189 crore from a peak of more than Rs