..............As long as banks remain under dominant government ownership, politicians desperate for re-election will be tempted to go down this path, ignoring the long-term damage to the nation. As India looks set to end the dominance of the Nehru-Gandhi dynasty in politics, it is time to end the legacy of government dominance of the banking sector bequeathed to the country by the former prime minister Indira Gandhi. Otherwise, the broken credit transmission mechanism in a country that is still very much dependent...........
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