....The present decision reflects RBI's maturity and the continuous future responsibilities it has, to have a very healthy banking to cater to the needs of equitable development of the economy. Well Done RBI, the only Institution which can be proud of for its integrity and Corruption free practices. The nation also can be really proud of for having such institutions ............
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.
1 comment:
RBI has done its bit. Two comments:
1. By giving licence to Bandan an NBFC-MFI, it has killed a good MFI. Now onwards, for Bandan, MF will be one of the peripheral activities only to meet PSL committment and not the main business on the same lines of any RRB which was started but failed to live up to their expectations. Instead of poor unbanked, the branches of Bandan will be crowded by customers coming in toyatos and hondas. RBI, instead could have given a preferential licence to Bandan to function on the lines of Grameen Bank of Bangladesh or Bancosol of Bolivia. This would save the millions of MF customers to continue to bank with Bandan as a bank.
2. The Governor has also indicated that the licences will be given on tap. May be, as a prudent measure to avoid any comments on issuing licences to others before election, he has released the first list. The second list may be out soon after the election results. So, pl reserve your joy and praise on RBI till then.
Post a Comment