..........Both the banking regulator and the government, the majority owner of such banks, now seem to be determined to clean up the system. It’s not an easy job as the major risk, in some cases, is the senior management itself. But that’s one leg of the problem. Who will look into the other leg—the so-called investment banks, non-banking financial companies (NBFCs) and advisory services firms that entice bankers to indulge in what the industry calls “suitcase banking”? Investment banks are regulated by the Securities and Exchange Board of India (Sebi) while the Reserve Bank of India (RBI) oversees NBFCs. Will they take a close look at the murky world of suitcase banking?................
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