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Performance scale to recover default loan planned   (Site not responding. Last check: 2007-11-03) The government is thinking to introduce a new standard of judging performance of nationalised banks in recovering default loans in the face of discouraging achievement of the banks to recover default loans. The target oriented performance scale may be introduced to press nationalised banks for expediting recovery of bad loans, according to banking sector sources. Nationalised commercial banks and financial institutions are now bearing the burden of around Tk 15,000 crore of bad loan which was about Tk 14,000 crore a year back. nation.ittefaq.com /artman/exec/view.cgi/2/446/printer   (502 words)

LAPRES & ASSOCIES - International law firm in Paris, cabinet d'avocats internationaux è ParisDaniel Arthur ... Before detailing the application of the concept of equity to compensation for nationalised property, attention is drawn to the problem from its economic and historical dimensions. Nationalising countries have been both unable and unwilling to pay the full value of the operations of multinational companies. Beyond recognising in principle the availability of set-offs against the compensation due to nationalised enterprises, it is difficult to formulate the precise boundaries of the wrongs which would give rise to the set-off. www.lapres.net /natprop.html   (5187 words)

rediff.com: Nationalised banks threaten to go on indefinite strike Bank employees of all nationalised banks will go on a country-wide indefinite strike the day the Banking Reforms Bill is introduced in the Parliament, the general secretary of All India Bank Employees' Association, Tarakeswar Chakraborty, said. The non-recovery of 'bad loans' to the tune of Rs 1.5 lakh crore (1.5 trillion) was the only problem of nationalised banks and 80 per cent of such loans was given to the corporate sector, Chakraborty said. He stressed that if the nationalised banks were allowed to be privatised, it would leave an irreparably adverse impact on the economy of the country and rural people would be the worst sufferer. www.rediff.com /money/2002/nov/23bank.htm   (289 words)

media freedom - the hypermedia research centre - University of Westminster Following Blum's advice, the post-war governments decided that their nationalised broadcasting corporations should be made accountable to their audiences through the direct involvement of the elected parliamentary representatives of the citizens. From top managers to doorkeepers, all jobs within the nationalised radio and television stations were divided among the competing political parties in accordance with their electoral support. Crucially, as members of the bureaucracy of the public service state, the directors of the nationalised media were an integral part of this educated elite. www.hrc.wmin.ac.uk /theory-mediafreedom9.html   (1390 words)

Nationalised banks not interested in issuing chequebooks anymore - Deccan Herald - Internet Edition   (Site not responding. Last check: 2007-11-03) For, drastic reduction in the issue of chequebooks is a part of the strategy adopted by the nationalised banks to bring down expenditure cost and to remain competitive in wake of the stiff challenge posed by the multinational banking institutions in the country. The nationalised banks have now discovered that the issue of chequebooks, a free service offered by them all these years, is a futile exercise which causes unnecessary expenditure and extra pressure on the staff. Nationalised ban-ks have to credit the money to the concerned accounts on the said date and the cheques should be despatched to the private banks on the same day. www.deccanherald.com /deccanherald/mar202006/state198352006319.asp   (624 words)

Speech at the Carlton Club | Margaret Thatcher Foundation Nationalised industries contributed more to inflation than the rest of the economy. Nationalised industry prices have actually risen faster since May than they did before—five times faster than they did in the private sector. On top of that, he put forward a curious explanation of the high nationalised price increases, suggesting that they were caused by the need to reverse the losses caused by price restraint in the past. www.margaretthatcher.org /speeches/displaydocument.asp?docid=102788   (868 words)

NATO Research Fellowships 1994-1996 Except the land owned by the state or by co-operatives, the buildings nationalised in late '40s and early '50s were subject to restitution only to a small extent. After 1989, this situation soon became subject of controversy among scholars and furthermore, generated a climate of conflict between the landlords or their heirs and the present tenants living in the buildings in question. A significant provision of this law is the one stipulating that all court decisions regarding the restitution of abusively nationalised houses can be subject of an appeal in cancellation. www.nato.int /acad/fellow/94-96/iliescu/05.htm   (1058 words)

Nationalised Banks Face Tougher Challenges   (Site not responding. Last check: 2007-11-03) Noteworthy, forward steps, however, were that the nationalised banks expanded their units even to the remote areas throughout the country, rendered financial services to cottage, small scale and village industries, small farmers, self-employed persons, artisans and other neglected and priority categories, which no private banks in the country or anywhere in the world have done. A calculated campaign has been unleashed by the government machinery and vested interests that the profits of the nationalised banks are meagre, they are overstaffed and are not viable and hence, deserve to be privatised. During the reform era, over 3 lakh posts in the public sector banks have not been filled, despite increased work and new areas of banking and in that place costly contract and external services are employed. pd.cpim.org /2001/june17/june17_banks.htm   (1473 words)

::The Labour Party and Nationalisation::   (Site not responding. Last check: 2007-11-03) The coal industry was nationalised in 1947; railways in 1948 and iron and steel in 1949. There was little opposition to coal and the railways being nationalised as both were unprofitable but there was much greater opposition to iron and steel being nationalised as it was making a reasonable profit at this time. The Conservatives were against iron and steel being nationalised as it had a decent record of management/worker relationships which many industries could not boast of. www.historylearningsite.co.uk /2051.htm   (576 words)

HIMAL SOUTH ASIAN | July 2002 | Reoprt | The reformed trio   (Site not responding. Last check: 2007-11-03) The bloated and politicised nationalised banking industry has long been a drag on the financial sector and the economy as a whole but the effects of aggressive restructuring during the last two years are now making themselves felt in the broader economy. The three big nationalised banks had traditionally served the middle markets in both consumer and corporate banking, taking advantage of their extensive branch networks and rural reach but were unable to compete with the professional expertise of foreign banks at the upper end of the market. For nationalised banks alone, this figure was 28 percent, while for private banks it was 11 percent and for foreign banks 6 percent. www.himalmag.com /2002/july/report_2.html   (1751 words)

Nationalised banks The reported statement of the general secretary of AIBOC opposing the privatisation of nationalised banks is not in tune with the fast-changing economic situation in the country. The privatisation of nationalised banks will, in no way, affect the rural economy since regional rural banks (RRBs) were started exclusively for rural credit to cover more rural credit needs. Nationalised banks are basically commercial banks emphasising on profit. www.thehindubusinessline.com /2001/12/17/stories/251708al.htm   (202 words)

The Hindu : Tamil Nadu / Tuticorin News : Bank staff against merger of nationalised banks The Finance Ministry should understand that nationalised banks were formed not for venturing into global competitions, but aimed at catering to the needs of the public, especially rural masses, he said. So far, only the nationalised banks were found to have been involved in priority sector lending and poverty alleviation, complying with RBI norms, and hence any move to disinvest the shares further would turn the `mass' banking concept into `class' banking concept, thus, benefiting only a certain class of the society, he said. On Foreign Direct Investment in private banking sector, he said if 74 per cent of FDI was allowed in the private financial institutions, foreign players would have a final say in the daily activities of banks much against the interests of the nation. www.hindu.com /2005/09/03/stories/2005090302020300.htm   (323 words)

Community and Public Ownership The first act of nationalisation in the UK was by a Conservative Government which nationalised the electricity grid in 1926 so as to rationalise and organise the supply of electricity. Bearing in mind the considerable sums invested by the community in the company while it was nationalised, it seems that this acclaimed high-tech company was returned to private ownership at considerable loss to the community. We have seen that there are good reasons for nationalising an enterprise or an industry, based on providing better service and high quality goods where needed and on the need to protect the community from exploitation. www.solbaram.org /articles/clm506.html   (3558 words)

Nepal king's excess property to be nationalised: minister Faced with increasing suspicion and hostility by parliament for failing to give an account of the properties owned by the royal family, the Nepal government has promised to prepare the account in 10 days, after which King Gyanendra's excess property would be nationalised. So far, the government has been able to get some information on the palace properties in only seven of the 75 districts of Nepal and there is scepticism that there is more in these seven areas held under other people's names. With public anger against the royals rising since King Gyanendra's ascension, there is a possibility that from an all-powerful monarch once revered as an incarnation of god, the king could become a tax-paying commoner liable to be prosecuted for misdeeds. news.webindia123.com /news/Articles/Asia/20060805/413038.html   (540 words)

Industrial Economist - the business magazine from South - Boarses   (Site not responding. Last check: 2007-11-03) The seven nationalised banks, originating from the southern states, have presented a good record of performance during the FY2002. Again its ratio of net profit to total assets is the highest - 1.31 percent, while the average for all the nationalised banks is 0.69 percent. The average credit-deposit ratio was 51.3 percent for all the nationalised banks. www.indeconomist.com /300702_bank.html   (1987 words)

The Hindu : Karnataka News : Stir in March to oppose restructuring of nationalised banks Noting that the main purpose behind nationalising private banks was to quicken the pace of rural development, Mr. It is unfortunate that the nationalised banks are being made responsible for the adverse results of wrong decisions taken by the Government. Emphasising the need to make the directors of the nationalised banks accountable to the public, he alleged that the balance sheets of many the nationalised banks are not transparent. www.hindu.com /2005/01/24/stories/2005012402660500.htm   (438 words)

B92 - News - Comments - Nationalised property and privatisation   (Site not responding. Last check: 2007-11-03) Deputy Economic Minister Slavomir Vuletić said that this decision was adopted at yesterday’s meeting of the Privatisation Council, and that according to the Privatisation Law, nationalised property cannot be sold, but can be used as a part of a privatised system. The buyer is obligated to return the nationalised part of the property to the legal owner once the Restitution Law is passed, Slavomir Vuletić said. Vuletić said that he does know of a case where a company that was completely nationalised has been sold. www.b92.net /eng/news/comments.php?nav_id=36392   (321 words)

ALL INDIA BANK OFFICERS' CONFEDERATIONAND ORS v. UNION OF INDIA & ORS [1989] INSC 239; [1989] 3 SCR 850; [1989] 4 ...   (Site not responding. Last check: 2007-11-03) shall constitute the Board of a Nationalised Bank consisting of one Director from among the employees of the nationalised bank, who are workmen, to be appointed from out of a panel of 3 such employees furnished to it by the Representative Union. Clause 3(c) of the Scheme deals with appointment of non-workmen Directors and it provides that the Central Government shall constitute the Board of a nationalised bank consisting of one director, from among the employees of the nationalised bank, who are not workmen, to be appointed after consultation with the Reserve Bank. The petitioners contend that the circular is undemocratic and contrary to the letter and spirit of the Act and the Scheme insofar as it cuts at the root of the representative form of selection for appointment to the Board of Directors as contemplated by the statute. www.austlii.edu.au /~andrew/CommonLII/INSC/1989/239.html   (3599 words)

Nationalization - Wikipedia, the free encyclopedia Most of the nationalizations took place under Labour governments and many of the major nationalised industries were privatized in whole or part from 1979 to 1997 under Conservative governments with the process continuing although slowing under the Labour Government since 1997. Renault was successful whilst nationalised and remains successful today, after having been privatized in 1996. With the Decree 119 of June 1948 the new Romanian communist regime nationalised all the existing private companies and their assets in Romania leading to the transformation of the Romanian economy from a free market economy to a centralized one. en.wikipedia.org /wiki/Nationalisation   (2083 words)

Nationalised Banks disburse 47% bank credit   (Site not responding. Last check: 2007-11-03) The nationalised banks held the maximum share of 47.6% in the total bank credit by the quarter ended June 2006. State Bank of India its Associates and nationalised banks stood behind foreign and commercial bank with 70.9% and 70.3%. In terms of shares of aggregate deposits, the nationalised banks remained in the lead, accumulating 48.5% of the aggregate deposits. www.myiris.com /newsCentre/newsPopup.php?fileR=20061005205540091&dir=2006/10/05&secID=livenews   (301 words)

Nationalised banks corner chunk of aggregate deposits MUMBAI, January 2: Nineteen nationalised banks accounted for 55 per cent of the aggregate deposits collected on the last Friday of September 1997 (the first half). The share of the State Bank of India and its seven associates in the aggregate deposits was to the tune of 25 per cent. The nationalised banks accounted for 48.5 per cent of the total gross bank credit while SBI and its seven associates contributed 28.4 per cent. www.expressindia.com /fe/daily/19980102/00255484.html   (341 words)

Nationalised Banks in India - Nationalised Banks - Public Sector Banks in India Banking System in India is dominated by nationalised banks. SBI was nationalised in 1955 under the SBI Act of 1955. Seven more banks were nationalised with deposits over 200 crores. www.iloveindia.com /finance/bank/nationalised-banks/index.html   (125 words)

Daily Excelsior... Editorial It may be mentioned that 6 nationalised banks have gone in for it and that too partially out of total of 19 nationalised banks. This is so because most of the nationalised banks are either sick or sale price of their share is not attractive enough to the prospective investors. It is going to be quite a long haul for such of the nationalised banks that have not performed well or just carrying on. www.dailyexcelsior.com /00nov20/edit.htm   (4212 words)

The Tribune, Chandigarh, India - Main News NEW DELHI, Dec 21 (PTI) — Banking operations across the country came to a grinding halt today with employees of nationalised banks going on a day’s strike against ‘’privatisation’’ even as the controversial Bill to reduce government equity was referred to a Parliamentary Standing Committee. Leaders of various bank unions criticised the government’s policy of privatisation of banks by reducing their equity to 33 per cent and implementation of voluntary retirement scheme. They were protesting against the introduction of the banking Bill in the Lok Sabha to reduce the government’s share in the nationalised banks from 51 per cent to 33 per cent. www.tribuneindia.com /2000/20001222/main3.htm   (911 words)

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