Tag: Public sector banks

People are being made to pay for the crimes of capitalist loan defaulters

Public sector banks are run in the service of private capitalist corporations

At a conference of senior bank executives, the Reserve Bank of India (RBI) Governor on 11 July 2020 told that the economic impact of the pandemic “may result in higher non-performing assets (NPAs) and capital erosion of banks. A recapitalization plan for public sector banks (PSBs) and private banks has, therefore become necessary.”

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On the Crisis of Public Sector Banks and the Condition of Bank Employees

Mazdoor Ekta Lehar (MEL) interviewed Comrade Devidas R. Tuljapurkar, Joint Secretary, All India Bank Employees Association (AIBEA), on the conditions of the bank employees and the overall situation of the public sector banks.

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