Thursday, December 6, 2012

ABS IMPACT - Competition Commission Agrees to Look Into Charge of Cartelization by Banks for fixing 4% Interest on Saving Bank Deposits

....I feel contended that CCI has taken note of our concerns and ToI has reported that CCI is looking into this issue of cartelization by PS Banks.   However, I am sure to note that Reserve Bank of India is totally silent on this issue.  Inspite of fact that RBI is the top most regulator to the banks and has eminent, vocal statisticians like K C Chakrabarty (presently DG of RBI), who considers himself to be the biggest crusader of Financial Inclusion,  has never chided the CMDs of PS Banks on this issue.......



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