Tuesday, October 15, 2013

Bigger play for foreign banks easier said than done?

Could Raghuram Rajan’s announcement on letting foreign banks enter India in a bigger way, be easier said than done? At a time when there is literally no good news coming out of India, and the government is in no position to undertake big reforms in a pre-election year, the RBI seems to be initiating these bold moves in a bid to attract more capital into the country..........

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