Saturday, February 23, 2013

Religare optimistic on RBI's guidelines on banking licence

..........Any financial services company, even at Religare today, our board is largely independent. One is governance and the other one is shareholding. RBI clearly indicates that if any bank is not largely directed in any way controlled by a promoter group and is governed in a very dependent manner then it is a welcome and de-risking attitude that the RBI has taken. So, I don't think it is very positive from that context.

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