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How ‘The Insolvency and Bankruptcy Code’ helpsto Loot Public Money ‘Legally’

The authorities made a tall claim that this act would prove to be highly effective in the recovery of NPAs from the corporates as otherwise, these corporate borrowers would face liquidation. Under the direction of RBI, in June 2017, banks referred 12 largest NPA accounts amounting to Rs 3,45,000 crores, constituting 25 per cent of … Continue reading How ‘The Insolvency and Bankruptcy Code’ helpsto Loot Public Money ‘Legally’

People’s Money for People’s Welfare

If privatizing banks is the political decision of the Government, the trade unions have the political task to oppose it and defend public sector banks. Our commitment to public sector banking is non-negotiable and irreconcilable. Read More >>

Nationalization of Banks: An Outstanding Intervention

The 1969 banking policy intervention was among the most important tools for a broad-based economic transformation and social justice during the dirigiste era, or during the period of planned economic development soon after independence. Read More >>

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