.........In February, the RBI issued guidelines for issuing a fresh round of banking licences. These guidelines allow big corporate houses, existing non-banking financial companies, Indian-owned private sector companies and public sector companies to apply for licences. With so many new entrants, the importance of due diligence by the regulatory authorities cannot be overemphasised. The purpose of banking as an instrument of financial inclusion and access to financial services will be wholly defeated if policy decisions and loopholes in law promote the illegal hoarding of wealth..............
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