Merits of experimentation | Business Standard Editorials

Merits of experimentation | Business Standard Editorials

My VIEW:

The Indian financial sector needed some innovation and some revamp. For quite some time, the focus has been on the regulatory environment. Depending on where the viewer stood, blame for the slow growth and inadequate spread of bank credit was directed towards RBI or government. Institution building has been part of the development initiatives of RBI since 1950's. The payment banks and small banks are new experiments and it is quite natural that existing players are talking about poaching and even using words like 'cannibalise'...Things will stabilise and each institution that survives will find its slot and those whoch do not take off will move to other pastures.

M G Warrier

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