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Monday, September 1, 2025
TopicBank nationalisation

Topic: Bank nationalisation

Bank nationalisation will be a blow to India’s mixed economy, lead to totalitarianism: Phiroze Shroff

If banks were to be nationalised, politicians would start interfering with bank officials and put undue pressure on them, Prof Shroff wrote in 1963.

Don’t deride public sector. Evidence shows commercial banks in woeful state—Indira Gandhi

On 29 July 1969, Prime Minister Indira Gandhi delivered a speech in Lok Sabha on the nationalisation of 14 banks, saying the move was 'totally justified to ensure that hopes and aspirations of millions of our people are not sacrificed'.

For Minoo Masani, Indira Gandhi’s bank nationalisation Bill ‘came in the dark, like a thief’

On 25 July 1969 in Lok Sabha, Rajkot MP Minoo Masani listed the economic and political grounds on which his Swatantra Party opposed the Indira Gandhi government's Bill to nationalise private banks.

A secret note — how Indira Gandhi won the battle with Morarji Desai on nationalisation of banks

In 'Untold Story of India's Finance Ministers’, AK Bhattacharya looks back at major economic policy shifts, a stock market scandal, devaluation of the rupee and more.

V.V. Giri — how election of first ‘independent president’ changed Congress & India’s politics

When it comes to presidential elections changing the course of politics and economy, the impact of the 1969 contest continues to remain unparalleled.

53 years since Indira’s bank nationalisation ordinance, a push for privatisation under Modi

Over half a century since Indira Gandhi nationalised 14 public sector banks, move still evokes sharp divisions, with some criticising it as a failure and others hailing it as a landmark  decision.

Nehru went to cabinet on Kashmir, but Modi’s decision-making is different

For a leader, the ability to take decisions speedily is a virtue but equally important is to weigh in the possible consequences.

Indira’s bank nationalisation move, why Modi hasn’t reversed it, and the first bank scandal

In episode 526 of ThePrint's Cut The Clutter, Editor-in-Chief Shekhar Gupta discusses the bank nationalisation move on its 51st anniversary, and looks at the political history around it.

Morarji Desai saw this letter from Indira Gandhi as a brazen attack on his self-respect and resigned

In Morarji Desai: A Profile in Courage, Arvindar Singh writes about how 1969 was a turning point in Morarji’s life and in the history of India.

When a Singaporean critic of Marxist socialism took Indira Gandhi to court

The day after Indira Gandhi nationalised banks, R.C. Cooper air dashed to New Delhi to challenge the ordinance.

On Camera

Essential oils aren’t just about nice smells. They can change your skincare routine

Essential oils contain powerful properties that can help address concerns like acne, aging, hydration, and inflammation.

A Rs 33,000 cr ‘banking fraud’: ED’s case against Arvind Dham, Amtek’s web of ‘500 shell companies’

ED has accused Amtek promoter Arvind Dham of controlling web of nearly 500 shell companies operating as a layered structure, with up to 15 levels of indirect ownership, to divert funds.

‘Real-time, all-climate’ explosives detector could enhance airport & border security—no dogs, no swabs

Bengaluru-based CeNS designs accurate, portable, and cheap sensor using surface-enhanced Raman spectroscopy. It could significantly reduce risks at vulnerable choke points. 

For Indian Mercedes, Asim Munir’s dumper truck in mirror is closer than it appears

From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.