Expression of views.........

My View on  "Priority for non bank finance companies in bank li...": 

While Dr Chakravarty’s freedom to express views need be defended, RBI Deputy Governor’s endorsement of NBFCs for banking licences quoting Kotak Bank’s success is likely to be interpreted in different ways. He could have followed Governor Dr Raghuram Rajan who said the number of new bank licences could be zero to 26. May be Dr Chakravarty remembers the subsequently corrected version of FM’s remark about seven new banks doing seven ‘different’ things.  

- M.G.Warrier