Tuesday, June 4, 2013

The Bypass Banking

......“We have limitations and we can not say banks what to lend and how to lend?” RBI governor D Subbarao told reporters on May 9 during his second visit to the state in last 15 months. “We invoke a moral authority to tell them that they should raise their (credit deposit) ratio.” That is exactly what the regulator has been doing...........

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