India’s banks are at the turnstiles. They can go out, graduating to greater strength and playing a more useful role in the economy; or they can go round in circles without changing much. The current juncture is important for several reasons. One, new banking licences are to be issued, focusing attention on the intrinsic health of the sector. Two, after the financial crisis of 2008, the developed world is still grappling with the task of devising systemic changes that will prevent a repeat. Three, a key lesson from the crisis is that deregulation and emergence of mega industry players do not, in themselves, assure sustainable growth. No bank is too big to fail...........
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