Thursday, July 4, 2013

Stop, Look, Proceed

.......Going by the high standards it has set, the RBI may ultimately grant licences to only half a dozen or so of the 26 applicants. Such a stance is probably justified, keeping in view the public deposit-taking of banks, whose failures have systemic implications that are wider than for most other industries. These concerns have assumed far greater significance in the post-2008 global financial crisis era............

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