Sunday, July 22, 2012

Chakrabarty defends higher priority sector target for foreign banks

Mumbai: Defending the decision to put foreign lenders with a substantial presence at par with their domestic counterparts on priority sector lending, Reserve Bank Deputy Governor KC Chakrabarty Saturday said the MNC banks must play their role in the nation's development. "You must participate in the development process of the country if you want to think big," Chakrabarty told reporters on the sidelines of an ICAI event here....................

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