.........This results in what (former RBI Deputy Governor) Rakesh Mohan memorably called “lazy banking”. This is the tendency of the Indian banking system to just fund the government, rather than get on with the hard job of finding good companies and individuals to lend to. This system is doubly profitable for the banks because of their access to low-cost current and savings account deposits, and because of the oligopolistic cartelisation of the banking system.............
The very purpose of VITALINFO is to provide a platform for wider dissemination of updated information related to and happening of events in and around RBI.
No comments:
Post a Comment