......It is high time that things are speeded up. But all of RBI’s concerns should be addressed,” said Robin Roy, an associate director at audit and consulting firm Pricewaterhouse Coopers. “RBI has been waiting for these enabling legislation and amendments to ensure that there are no strategic gaps and doubts in the minds of the stakeholders regarding regulations when it does issue the banking licences.”
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1 comment:
At last, some clarity is emerging. The loud thinking as to how things otherwise need legislative sanction can be done through executive action is a welcome sign. GOI has been doing exactly this in the case of introduction of New Pension Scheme. But in that case, no one will protest as the affected parties were yet to join service and where was the ground for them to protest? Here GOI has to be cautious, as the stakeholders are big!
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