The RBI had a word of caution on Sunday for those eagerly awaiting the new banking licence. “If you are looking for raking in big moolah, better reconsider it, since banking is not meant to make big profits,” RBI deputy chief KC Chakrabarty said. He said people feel if banks generate profit, they are efficient. But if the banks make too much profit, economy will become insufficient. If banks make too much money, then customers are losing money. “So, banks making too much money is very danger.”.............
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