Corporates in Banking: Controversial Suggestion by RBI Panel

Situation assessment as on 30/11/2020 | Rs 700/-

RBI’s Internal Working Group (IWG)’s to allow Indian corporate houses into banking, instead of being hailed as a ‘big bang’ reform, has invited scathing criticism from former RBI Governors, banking experts and others. The study examines arguments against the recommendation that include possible undermining economic growth and democracy; that checks and balances on good governance and supervision to prevent misuse may not work; dangers to overall financial stability; and defence of the suggestion that could become a watershed in banking sector reforms.


Situation assessment for the week ended 30 November (1,984 words)
Price: Rs 700/-
Date of SS: 30, November 2020