.......The bill has dropped a controversial clause which would have allowed banks to enter into forward trading, but paves the way for a greater banking presence in the rural areas. More banks in rural India will also mean more job creation, the government says. The bill will also sooner or later pave the way for consolidation in the banking space with the entry of some large players, a fear which has drawn opposition and ire from bank unions in equal measure. According to Venkatachalam, India needs expansion of its banking sector, not consolidation.
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