, RBI To Permit Corporates To Own Banks
Allowing corporate houses to own banks could be disastrous: Raghuram Rajan & Viral Acharya
Former Reserve Bank of India (RBI) governor Raghuram Rajan and Viral Acharya, who used to be deputy governor, opposed the proposal by a central bank panel to let industrial houses set up banks, describing this as a bombshell. Allowing corporate houses into the banking system could intensify the concentration of political and economic power in the hands of a few business houses, they said.
Industrial houses need financing, and they can get it easily, with no questions asked, if they h ..
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https://economictimes.indiatimes.com/industry/banking/finance/banking/allowing-corporate-houses-to-own-banks-could-be-disastrous-raghuram-rajan-viral-acharya/articleshow/79364108.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
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, RBI To Permit Corporates To Own Banks Allowing corporate houses to own banks could be disastrous: Raghuram Rajan & Viral Acharya Former Reserve Bank of India (RBI) governor Raghuram Rajan and Viral Acharya, who used to be deputy governor, opposed the proposal by a central bank panel to let industrial houses set up banks, describing this as a bombshell. Allowing corporate houses into the banking system could intensify the concentration of political and economic power in the hands of a few business houses, they said. Industrial houses need financing, and they can get it easily, with no questions asked, if they h .. Read more at: https://economictimes.indiatimes.com/industry/banking/finance/banking/allowing-corporate-houses-to-own-banks-could-be-disastrous-raghuram-rajan-viral-acharya/articleshow/79364108.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst