Why Corporate Houses Should Not be Allowed to Promote Banks: A Reading List
Why Corporate Houses Should Not be Allowed to Promote Banks: A Reading List The new proposal by an RBI Internal Working Group to allow large corporate/industrial houses to float banks poses various risks for the banking sector. In November 2020, the Reserve Bank of India (RBI) released a report of its Internal Working Group, which recommended that large corporate/industrial houses be permitted to promote banks, subject to necessary regulatory amendments. In a similar vein, it recommended that well-run non-banking financial companies (NBFCs), including those owned by corporate houses, be cons...
Source: epw.in