MUDRA Bank Confusions - Moneylife

MUDRA Bank Confusions - Moneylife



My VIEW:

One cannot deny that
there remains enough ‘space’ for some more new institutions in the Indian Financial
System. Problem arises, and that problem should not be seen lightly, when new institutions
are floated when existing ones stray away from their responsibilities or
government finds it expedient to entrust funds and responsibilities to a new
organisation because the one which exists follows prudent norms, which, if
applied to the clientele now targeted, will delay things. In addition to Mahila
Bank of 2014 and MUDRA (Bank?) of 2015, RBI Governor is optimistic about a
variety of small, medium and large banks opening shops during the next couple
of years.


When SBI, UTI, IDBI,
SIDBI, NABARD, RRBs and EXIM Bank were formed or structural or ownership
changes were made in commercial banks and banks cooperative sector, there was
close consultation between GOI and RBI which ensured smooth launching of
institutions and introduction of changes. Mahila Bank and MUDRA are concepts
which had fast=track launching. Regulatory and supervisory concerns and
concerns of overlap of responsibilities should be addressed by GOI and RBI.
M G Warrier 

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