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Saturday, February 21, 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

Youth Congress, your foolish protest helped the Modi govt climb out of the AI summit hole

In tactical terms, the shirtless protest was worse than a self-goal. Suddenly, the fiascos of the AI Summit were forgotten, and the Youth Congress’s disruption became the issue.

In the West, there’s anxiety. In India, optimism—Rishi Sunak says India poised to be leader in AI

On Wednesday, the former UK Prime Minister Rishi Sunak was speaking in New Delhi at a Carnegie & Observer Research Foundation event on AI.

MoD, IAF agree on some exemptions to HAL for Tejas Mk1A, but no compromise on ‘must-have’ capabilities

IAF is fine with accepting the aircraft with 'must-haves', even if some other steps remain pending, which may take at least another year, it is learnt.

No country is ever fully sovereign. Cold War era taught India its real meaning

India’s fraught neighbourhood places multiple constraints on its strategic choices. It leaves no time to take a deep breath, lean back and reset.