......Dr Rajan's liberal views on foreign banks, for example, may not find favour with whichever political configuration forms the next government. But, on the other hand, measures that increase transparency will help all players make more informed and, consequently, efficient decisions on both resource allocation and pricing. The banks themselves should be fully behind this. Overall, while the merits of individual components of the strategy can be debated, the pursuit of the broad objectives of penetration, efficiency and safety will certainly contribute to better economic performance..........
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