My View on "Star trio on panel for new banks":
About the appointment of Dr Rajan as Governor, I had observed in The Global ANALYST that “This time, the process has been more transparent and all have accepted that among the candidates considered, the most meritorious has been selected.” Appointments to this panel should be a confidence booster to those who have been believing in RBI’s work ethics and ability to rise to the occasion. Whatever be the recommendations of this panel on the new bank license applications it will be vetting, nation will benefit from their collective wisdom and views on the future structure of financial institutions including banks in India.
- M.G.Warrier
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