Has the train left the station?

If indeed the gate opens for big industrial houses, the RBI needs to be smarter than them and demonstrate it through action, not reaction

Topics
Reserve Bank of India | Indian banking system | monetary policy committee

Tamal Bandyopadhyay 

Tamal Bandyopadhyay

The train has left the station. That’s how a senior banker describes the report of the Reserve Bank of India’s (RBI) internal working group on ownership norms and corporate structure of private sector banks.

The group has recommended, among a few other things, the entry of large corporate houses into the banking turf, with a couple of caveats. This banker expects a few large corporations from western India in the business of banking soon. Why is he saying so? Is he privy to something the rest of us are not? With a straight face, he says when a majority of the members of the ...

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First Published: Mon, November 30 2020. 00:29 IST
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