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Monday, March 16, 2026
TopicNationalisation of banks

Topic: Nationalisation of banks

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.

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.

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.

Political stunt? Why Indira Gandhi’s bank nationalisation was questioned even 50 years ago

In a monthly magazine Freedom First, trade unionist V.B. Karnik had said that nationalisation of banks by itself will not solve any problems.

Modi detests Nehru, but loves Indira’s lousy economics. Fact: she was rectifying her blunders

Indira’s change of heart got trapped between two tragic air crashes, one killing her most Left minister, and other, her economically Right son.

If Modi wants a real legacy, he must undo Indira Gandhi’s disastrous bank nationalisation

From Jimmy Nagarwala’s Rs 60 lakh from SBI to Nirav Modi’s Rs 11,000 crore-plus from PNB, India has a 47-year record of scams in govt banks. Why do all govts still love them?

On Camera

Free gas to waivers, govt-owned gas firms roll out incentives to push households from LPG to PNG

IGL, MGL & other city gas distributors announce benefits to encourage LPG users to shift to piped natural gas as Centre flags concerns over LPG supply in the wake of Iran conflict.

Supreme Leader Mojtaba, the man Iran must keep alive & the secret force ‘tasked with it’—all about NOPO

The Nirouyeh Vijeh Pasdaran Velayat, or NOPO, was the only force Ali Khamenei trusted.It was founded in 1991 and is more feared than the Revolutionary Guards.

Peaceful power transfers followed uprisings in India’s neighbourhood. It’s a sign of mature democracies

Rating democracies is a tricky business. I am only using the simple metric of who in the Indian subcontinent has had the most peaceful, stable, normal political transitions and continuity.