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| RBI's Reserve Fund Transfer & Banks
Mergers: A loot or boost? |
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| Sep
12th 2019 |
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In
the wake of RBI’s decision to transfer Rs 1.76 lakh crore
to the government as per the recommendations of the Bimal
Jalan-led committee; and Modi Government’s the decision
to merge 10 Public Sector Banks to carve out for large
banks, a public debate titled ‘RBI’s Reserve Fund Transfer
& Banks Mergers: A Loot or Boost?’ was organised by
Financial Accountability Network India, a collective of
civil society organisations, unions, people’s movements,
students, teachers and concerned citizens to highlight
the issues of accountability and transparency of the national
financial institutions.
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