Thursday, May 15, 2014

Banking on governance

..............In the larger context of financial sector reform, which Reserve Bank of India Governor Raghuram Rajan has set so much store by, this is the third in a series of reports - following the Nachiket Mor and Urjit Patel Committee reports - blueprinting significant changes in the system. Like the previous two, its recommendations are worth serious consideration; they do offer the government a way out of an increasingly difficult situation, which does no good for anybody. However, like the other two, this report is also likely to step on a number of toes, perhaps even more so...........

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