Monday, September 30, 2013

Rahul Gandhi cautions RBI private banking norms

New Delhi, Sep 29 (TruthDive): Banking licenses for corporates have raised many concerns by the parliamentary standing committee headed by ex-Finance Minister Yashwant Sinha and had Rahul Gandhi as one of the members who did not raise any dissent note on the report. The report came at the time when RBI is going through the applications and plans to send the shortlisted ones to Bimal Jalan panel. The parliamentary committee also wanted RBI to increase the paid-up capital from Rs 500 crore to Rs 1000 crore. It also was not in favour of vesting discretionary powers with RBI since it could be misused in the background of many scams............

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