 |
| ......It took nearly three years for the Reserve Bank of India (RBI) to give a final shape to the government’s decision to let more players in the private sector banking field. That by itself offers a clue to the divide in thinking between the fiscal and monetary managers of the Indian economy. When it did come out with guidelines for “Licensing of New Banks in the Private Sector”, the central bank has let it known to aspirants at large in unambiguous terms that banking is a no-nonsense, serious business, and that there cannot be any trust deficit........... |
Read - The Hindu
No comments:
Post a Comment