scorecardresearch
Add as a preferred source on Google
Friday, January 30, 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

India-EU FTA will change how US looks at trade with New Delhi. We must be ready

For India and the EU, the reliance on the US for security needs and on China for goods and services is associated with greater risks and vulnerability to major disruptions.

In Pinarayi’s pre-poll Kerala budget, gig hubs, global school and a welfare bonanza

Finance Minister K.N. Balagopal announced the 2026-27 Kerala Budget Thursday.

Indian Army ties up with US drone company that made its name in the Ukraine conflict

Shield AI will provide V-BAT vertical takeoff & landing drones along with licences for software, which will be integrated into aircraft and made available to select Indian partners.

Non-alignment is coming back in a new avatar: Trump-peedit alliance

No nation other than China can negotiate one-on-one with Trump on an equal footing. That’s why the middle powers who so far formed the core of multilateral bodies now feel orphaned.