.....Rajan will be the first central bank Governor who will have the responsibility to regulate not just a bank or bank
group but entire conglomerates that have a bank as part of their
business. The new Banking Regulation Act grants the central bank powers
to regulate corporates that have a bank in their group. This is
ostensibly aimed at preventing risks from other business percolating to
the bank. But Indian conglomerates have extremely complex structures
with presence in several countries and RBI may have to substantially increase its regulatory capabilities..............
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Wednesday, August 7, 2013
INDIA BANKING ON RAJAN
.....Rajan will be the first central bank Governor who will have the responsibility to regulate not just a bank or bank
group but entire conglomerates that have a bank as part of their
business. The new Banking Regulation Act grants the central bank powers
to regulate corporates that have a bank in their group. This is
ostensibly aimed at preventing risks from other business percolating to
the bank. But Indian conglomerates have extremely complex structures
with presence in several countries and RBI may have to substantially increase its regulatory capabilities..............
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