A cautious beginning - The Hindu
A cautious beginning - The Hindu
This is a
balanced view. The caution RBI is exercising in processing applications for new
bank licences can be attributed to the ‘experience’ the central bank has gained
from the performance of the private sector banks for which licences were issued
post-nationalisation of major banks. The old and new private sector banks have
not given much reason to be very enthusiastic in adding new members to that
group. Yes, the reference is to their market share and their priorities which
are not necessarily conforming to national priorities beyond complying with
mandated ratios. For GOI and RBI, there seems to be no escape from revisiting
financial sector reforms.
balanced view. The caution RBI is exercising in processing applications for new
bank licences can be attributed to the ‘experience’ the central bank has gained
from the performance of the private sector banks for which licences were issued
post-nationalisation of major banks. The old and new private sector banks have
not given much reason to be very enthusiastic in adding new members to that
group. Yes, the reference is to their market share and their priorities which
are not necessarily conforming to national priorities beyond complying with
mandated ratios. For GOI and RBI, there seems to be no escape from revisiting
financial sector reforms.
M G
Warrier, Thiruvananthapuram
Warrier, Thiruvananthapuram
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