..........But Raghuram Rajan’s statement that now foreign banks could take-over Indian banks, indicates looming dangers to the Indian banking system. It is an open secret that banks abroad, especially European and American banks are going bankrupt, losing confidence of the people. Our prime minister Manmohan Singh has also been saying very proudly that Indian banking systems is one of the safest banking systems and is insulated from the global financial upheavals. And now the present RBI governor’s endeavor to allow foreign banks to take over Indian banks, may create dangers to the existence of the ‘safe’ Indian banking system. ...........
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