Wednesday, June 5, 2013

Too Much of Good Prudence, RBI

Is the Reserve Bank of India (RBI) seeing all the leaves, branches, fallen twigs, root system, annual rings, Cambrian structure, etc, of the trees, while missing the wood altogether, in the matter of issuing new banking licences? The latest clarifications from the central bank on its guidelines issued earlier this year would suggest it is. This is unfortunate..........

Read - ET Editorial

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