Sunday, December 8, 2013

 DON'T ALLOW CORPORATES TO START BANKS.

 The Parliamentary Standing Committee .on Finance has recommended that 
 Corporate Houses should not be given Bank Licenses by Reserve Bank Of India .
 Further, as on 30.03 2013,only 17% of the total branches of Private sector banks
 was in rural areas.Hence,it is a big question whether the private sector banks will
 achieve the national objectives of financial inclusion,priority sector lending 
 etc. In this scenario, it will not be prudent for RBI to consider issuing bank 
 licenses to Corporate Houses.

 We have already written about this on 19th january,2013,which we are 
 reiterating.

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