Articles by: Shivani Dwivedi

Cartoon by K.P. Sasi

Banks levy numerous charges on customers for services

Co-Written by Shivani Dwivedi & Ashish Kajla All the banks, especially the public sector banks have a moral obligation and social responsibility of promoting financial inclusion and social welfare. The banks run on the deposits and when a bank sinks, depositors lose their savings. Therefore, deposit holders have a right to the common and basic banking services for free of[Read More…]

April 17, 2020 India
Cartoon By K.P.Sasi

Depositors facing double whammy of keeping savings and paying for bank losses

Co-Written by Shivani Dwivedi & Ashish Kajla The savings of people deposited in banks form the capital of banks which banks lend to borrowers. Banks earn interest on the loans issued to borrowers. The cost of operating expenses including salaries comes from this interest on the loans issued by banks. The saving account depositors receive interest on their savings, and[Read More…]

April 10, 2020 India
Depositors Paying the Price of Corporate Bad Loans

Depositors Paying the Price of Corporate Bad Loans

Co-Written by Ashish Kajla & Shivani Dwivedi   The primary objective of nationalization of banks was to reach out to each and every last person of our society. The purpose was to provide credit facilities to poor and marginalized sections and free them from the clutches of moneylenders. Banks were to provide credit to small and medium businesses. But with[Read More…]

April 3, 2020 India
Bank Charges Hurt Poor the Most!

Bank Charges Hurt Poor the Most!

In the last few years, banks have begun foisting hefty charges on customers on all the banking transactions. While some of the charges existed before but the new charges have been introduced on very basic everyday’s transactions. At present most banks even have charge on maintaining minimum balance, cash deposits and withdrawals at their branches and ATM’s, balance inquiry, SMS[Read More…]

March 21, 2020 India