Tuesday, April 9, 2013

BJP may support RBI’s guidelines for new banks

......Party treasurer and member of Rajya Sabha, Piyush Goyal, had demanded that the Centre should not discriminate against certain sectors of the economy. He had urged the Government and the RBI to look at all sectors with an open mind, while objecting to the provision in the draft guidelines that prohibit companies with 10 per cent stake in real estate from starting a bank. “We are happy that the final guidelines do not have such restrictions. You cannot put restrictions artificially,” Goyal told Business Line. He said draft guidelines reminded the era of licence raj........

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